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An introduction to the SAP PSA module (Production Sharing Accounting) – Part 3 (to be continued…)

The key features of the SAP PSA module are:

  • Automated cost recovery (full integration with JVA)
  • Production allocation to (government) royalties and (contractor) costs
  • Flexible entitlement calculations for all parties (government, contractor, venture partners)
  • Production revenue pricing methodology
  • Lifting and storage entitlement management
  • Transfers & swaps handling
  • Modelling planning scenarios (CO planning integration)
  • Internal and external reporting, tracking capabilities

The process cycle is the following:

  1. Cost Rollup (eg. from JVA to PSA)
  2. Production volumes and pricing update
  3. Adjustments
  4. Actual Entitlement Calculation
  5. Reporting

To be continued…

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