VOLUMES
Stock by owner, kept as an account. Each tank and terminal carries opening stock, receipts, liftings, losses and adjustments for every owner, and Converge HCA checks the calculated closing stock against the measured one.
First-release scope. This page describes what the first release of Converge HCA covers. Book a demo to see what is ready today.
WHAT IT DOES
A terminal holds crude for several owners at once. Converge HCA keeps a stock account for each owner at each tank, terminal and pipeline: opening stock, plus receipts from allocated production, less liftings and losses, plus or minus approved adjustments, gives closing stock.
The calculated closing stock is compared with the measured closing stock from the tank tickets. The difference must sit within a tolerance worked out from the uncertainty of the meters involved; outside it, the imbalance goes to review with a named owner.
Pipeline and terminal losses are shared among the injectors by the formula in the transport agreement. The formula is a configurable rule, because loss-sharing formulas differ between systems and are not always published.
KEY CAPABILITIES
Every tank, described once and versioned.
One account per owner, per period.
Shared the way the agreement says.
Imbalances are explained, not absorbed.
WORKFLOW
Each tank with its strapping table and effective dates.
Tank tickets give measured stock, daily and at month-end.
Allocated production arrives as receipts for each owner.
Cargoes take stock out of the lifter’s account.
Pipeline and terminal losses go to injectors by contract formula.
Calculated closing stock against measured, within tolerance or explained.
CONNECTED MODULES
FAQ
Yes. Every tank, terminal and pipeline keeps a separate stock account for each owner, so each owner’s receipts, liftings and losses are visible on their own.
By the formula in your transport agreement, held as a configurable rule. Loss-sharing formulas differ from system to system and some are not published, so none is assumed.
If the difference sits within the tolerance from the meters’ uncertainty, it is recorded. If not, the imbalance goes to review with a named owner and must be explained before the period can close.
Not in the first release. In-transit inventory is planned for the release after.