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Oil Industry Pricing Terminology and Key Fields (Enhanced) ( RELNISOIL_472_CP_OILTERM )

Oil Industry Pricing Terminology and Key Fields (Enhanced) ( RELNISOIL_472_CP_OILTERM )

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Oil Industry Pricing Terminology and Key Fields (Enhanced)

Use

As of SAP Oil & Gas 4.72, Production Revenue Accounting provides enhancements to Oil Industry Pricing Terminology and Key Words functions. The enhancements allow you to select an industry term, such as equal daily quantity (EDQ) or Council of Petroleum Accounting Societies (COPAS), to be used on the Conditions Display: Formula Terms screen within the Condition Records transaction. It also involves the addition of key fields and corresponding descriptions to the header of the screen.

The Oil Industry Pricing Terminology and Key Fields development:

  • Reduces data entry by automatically inserting default values into the fields within the Calculation Rules dialog box after you select an industry term. You can override these entries if required.
  • Helps you to identify the master data, relevant to the pricing you are maintaining, with master data fields and corresponding descriptions in the header of the Conditions Display: Formula Terms screen.

This development also includes the following key fields on the Conditions Display: Formula Terms screen within the Condition Records transaction:

  • Contract
  • Well completion
  • Measurement point
  • Product
  • Effective from date
  • Effective to date

Effects on Existing Data

Effects on Data Transfer

Effects on System Administration

Effects on Customizing

This development includes a new Customizing activity (Industry Solution Oil & Gas (Production and Revenue Accounting) → Contracts and Pricing → Define Industry Term Values for Pricing), which you can use to specify an industry term and its corresponding default values. The system then inserts these default values within the Calculation Rules dialog box after you select an industry term.

Further Information






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