With the shale plays producing higher volumes of condensate, and condensate prices being strong relative to other NGLâ€™s, condensate has become a much larger portion of midstream revenues. However, accurate measurement of condensate and nuisance liquids in gas pipelines is problematic:
- Actual measurement is costly (turbine meters, etc..)
- Physical phenomenon disruptive (evaporation, flashing, etc..)
- Due to high value, human integrity issues can come into play (risk of loss)
This necessitates the need for accurate, auditable, accountability of the condensate business process. Further, once condensate data is entered by Field Operations, the balance of the condensate volume tracking process is often highly disjointed with the same data being manually entered into multiple spreadsheets and database applications (measurement, accounting, marketing, EH&S, etc..). This reduces organizational efficiency, increases the risk of errors, and increases the risk of losses across the system.
eSimulation developed the cloud-based Condensate Inventory Management system to automate and manage the entire condensate business process. The solution provides a central decision platform that all groups can use to manage the condensate business â€“ EHS, Field Operations, Plant Operations, Engineering, Marketing, Accounting, Measurement, and Analytics.