Production Chemical Injection

Product Description

The Production Chemical Injection - Reporting and Payment Smart Contract creates a shareable record of production chemical injections per wellhead and chemical type daily, applying the agreed pricing and mapping to operator asset structures and accounting codes.  The primary output is a configurable report of consumption and current tank level / percentage full for each asset covered.  Optionally, companies can utilize this data to create configurable, usage based AP and AR invoices.

Features & Benefits

• Daily IoT based chemical consumption reporting for all covered assets enables operators to securely share information with service providers, partners and royalty owners to improve chemical program performance and cost accounting
• Integrates to any SCADA / IOT system via API
• Supports automated email notifications when tank levels get low or injection rates are missed
• Outputs can be pushed to ERP and other enterprise systems via API
• In optional invoicing mode, removes the need for field tickets or any human intervention beyond initial e-signature and periodic pricing updates.