Datasheet – UNCERTAINTY PLUS
UNCERTAINTY
Predicts and manages uncertainties using advanced algorithms
Benefits
- Define your commercial exposure
- Data easily accessed and assessed
- Optimise current systems
- Identify and prevent costly errors
Key Features
- Complies with the relevant national and international standards
- Easy to use graphical interface
- Connect online for real time uncertainty
- Provides sensitivity analysis down to component level
- Show effects of extending calibration frequencies
- Show uncertainties in %, measurement units or currency.
As reservoir fluids from marginal fields are processed through existing production facilities, complications can arise because the facilities are often owned by third parties, different taxation regimes may be involved and complex allocation routines are needed to ensure that hydrocarbons are attributed to the correct reservoir. The allocation has to be agreed and the uncertainty of the allocated product for different production scenarios must be calculated.
It’s a complicated, potentially fraught process and, at its centre, lies the uncertainty of allocation routines.
KELTON® Uncertainty Plus has been designed to solve this problem by providing dynamic uncertainty models for any measurement or allocation system. It uses a combination of traditional techniques and Monte Carol simulation. Our reputation as leaders in uncertainty analysis has been earned by producing large cost savings for our clients both in Capex and Opex. As a company, we are involved in developing the relevant standards and we are providing the industry with an affordable way to establish metering requirements and commercial exposure.
