Measurement System Evaluation
When making an investment as critical as oil and gas measurement, it’s important to understand how the offerings compare. We’ve prepared this guide to help you select the right measurement solution by showing how each system stacks up. This evaluation examines key criteria unique to hydrocarbon measurement and grouped into three high-level categories:
Measurement capabilities - Position on the vertical axis indicates the strength of the current offering. Key criteria includes data validations, analysis management, natural gas management, liquids management, workflow automation, system balancing, audit trail, and reporting.
Industry standards - Placement on the horizontal axis indicates the breadth of supported industry compliance and standards calculations. We evaluated measurement standards for API, AGA, GPA, and BLM.
Market presence - The size of the marker is based on the relative size of the provider’s customer base.
Hydrocarbon Measurement Solution Scorecard
This scorecard shows the average of each system’s measurement capabilities and industry standards compliance rankings.
|FLOWCAL by Quorum Software||European Multinational||US-based Oilfield Services||US-based Oil & Gas Consultant||US-based Oil & Gas Software||Canada-based Oilfield Services||Hardware & Software Provider||Spreadsheet Software|
|Company Description||Global standard for measurement software that supports gas & liquids||Multinational hardware/tech company with gas measurement & analysis software||Multinational wellbore/production provider with metering software companion to SCADA||Midstream consultant focused on liquids measurement & validation in N.A.||Software company expanding into U.S. liquids measurement||Oilfield services company with a solution for meter analysis & volumes in N.A.||Energy hardware/software company that offers a gas metering solution||Widely adopted office tool for spreadsheets|
|Measurement Capabilities||Industry Standards|
|FLOWCAL by Quorum Software||4.4||5.0|
|US-based Oilfield Services||3.3||1.9|
|US-based Oil & Gas Consultant||3.5||3.4|
|US-based Oil & Gas Software||1.0||1.0|
|Canada-based Oilfield Services||2.0||1.2|
|Hardware & Software Provider||3.3||2.0|
Scores are based on a scale of 0 (weak) to 5 (strong)
This evaluation reveals insights as to how the measurement solutions support data accuracy; a critical component to any oil and gas business. As regulations tighten and the market remains in flux, data is scrutinized more than ever. Companies are placing a greater emphasis on volumetric and quality data, which must be 100% accurate. To choose the measurement software that ensures data accuracy, oil and gas professionals should look for:
End-to-end measurement functionality - The solution should automate the complete hydrocarbon measurement workflow with sophisticated data validation methods that result in an integrated and accurate view of all gas and liquids measurement points for correcting, balancing, and reporting data you can trust.
Breadth of industry standards and calculations - The solution should employ global and domestic measurement standards and calculations that meet audit, contractual, and regulatory compliance requirements for gas and liquids commodities.
Deep industry alignments - The solution should align with oil and gas measurement standards and best practices through continuous involvement with standards and regulatory organizations, customer advocacy groups, and through hydrocarbon measurement subject matter experts who develop and support the product.
Featured Case Studies
Learn how companies of all sizes trust FLOWCAL by Quorum Software for accurate measurement.
"With FLOWCAL, we were able to reduce overall system and hardware costs, meet regulatory requirements, and centralize our measurement data."
Sharene RexroatManager of Volume Services
"We chose FLOWCAL as our software solution to avoid the expense of a large IT department and to work with a partner who could grow with us."
SCOUT ENERGY PARTNERS
Phil ArcherHead of Measurement Data Services
Talk to Our Measurement Experts
Gain greater confidence in your measurement data with FLOWCAL by Quorum Software. Talk to our measurement solutions team for your customized demo.