When it comes to allocation, there is no such thing as a small oversight and all potential misallocations can have a huge impact on your business. That's why so many operators trust SPL to help get it right. Allocation inaccuracies can cripple your financial performance. SPL delivers rock-solid, defensible data on true asset volume and composition that minimizes risk exposure and gives you more control over operational and financial performance. Improving the accuracy of allocation can aid operators in:
With SPL supporting your allocation efforts, you'll get not only more technically defensible data, but better asset protection and more predictive asset marketability data —all backed by the end-to-end data stewardship of the SPL team.
SPL provides objective, credible, third-party expertise that lets you pinpoint the allocation quantity and quality of hydrocarbon assets throughout the hydrocarbon lifecycle —with a scientific approach that other providers just can't match. We follow best practice data retention policies, host audits to defend the allocation practices and methodologies, and can perform daily data surveillance. Our project management services bring consistency and clarity to your allocation project.
SPL's experienced staff provides the professional oversight to review and resolve data exceptions. Error recognition, suspect or missing data, and how each of those exceptions is handled make up the basis of our proven measurement policy. By identifying problems in the data, field personnel can be advised about issues that may not have been realized until the next site visit. Benefits of outsourcing your data management to SPL:
Because no two operations are exactly alike, SPL works with you to create a customized service package that can include supplemental services that complement the core offerings of a production allocation job. By integrating one or more of these services, you can fine tune your allocation job to create a complete package that provides better insight in asset volume and composition.