Production Reporting, KPIs & Loss Accounting
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Production Reporting, KPIs & Loss Accounting - PE-PRK-PEA27
| Code | Date | Time | Duration | Location | Currency | Early Bird Fee Per Person |
|---|---|---|---|---|---|---|
| PE-PRK-PEA27 | 14 - 18 Jun 2027 | 10 AM CST | 4 Hours Per Day |
Online |
USD |
3000 |
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Production Reporting, KPIs & Loss Accounting
Description
Production reporting is how an organisation knows what it produced, what it lost and why. Done properly, it drives improvement, because losses that are recorded honestly and categorised consistently become the priority list for the whole operation. Done badly, it produces numbers that nobody trusts and reports that circulate without effect.
This course covers the practice. It starts with the data flow from field measurement through validation and allocation to the production report, and the definitions that matter: potential, capacity, deferment, downtime, uptime and production efficiency. It then covers loss and deferment accounting in detail, including cause categories, ownership rules and the treatment of partial losses. The course then covers KPI design for wells, facilities and organisations, daily and monthly reporting cycles, reconciliation between operational and financial reporting, data quality management, dashboards and visualisation, and target setting. It closes with how reported data should feed decisions and improvement work.
The central number in production reporting is not production; it is the difference between what was produced and what could have been. That gap, the deferment, is where the improvement opportunities are. Recording it requires a defensible definition of potential, which is harder than it sounds: a well's potential depends on reservoir conditions, its equipment and the constraints around it, and the choice of definition changes the numbers considerably.
Consistency matters more than precision. If deferment causes are categorised differently by each shift, or if potential is reset every time a well underperforms, the resulting data cannot be used to prioritise anything. Clear definitions, a fixed category list, defined ownership for each loss and an agreed process for updating potential are what make reporting useful.
The final test is whether anybody acts on it. Reports that go up the organisation but never come back as decisions are overhead. A good reporting system produces a short, ranked list of loss causes that operations, engineering and maintenance can each own, reviewed on a regular cycle with progress visible. This course covers the definitions, the mechanics and that use.
By the end of this training, participants will be able to:
- Map the data flow from field measurement to production report.
- Apply consistent definitions of potential, capacity, deferment, uptime and production efficiency.
- Build a loss and deferment accounting system with defined cause categories.
- Assign ownership for losses and handle partial and overlapping losses.
- Design KPIs for wells, facilities and the organisation.
- Run daily, weekly and monthly reporting cycles.
- Reconcile operational reporting with allocation and financial reporting.
- Manage production data quality and correct errors properly.
- Design dashboards and reports that support decisions.
- Set targets and use reported data to drive improvement.
Organisations sending participants to this training will:
- Produce production numbers the organisation trusts.
- Make losses visible, categorised and owned.
- Prioritise improvement work using deferment data.
- Reduce time spent producing reports nobody uses.
- Align operational, allocation and financial reporting.
Participants will:
- Understand how production numbers are built and where errors enter.
- Be able to run loss and deferment accounting consistently.
- Be able to design meaningful KPIs and dashboards.
- Be able to reconcile reporting differences.
- Be able to turn reported data into an improvement agenda.
- Production engineers
- Operations engineers and supervisors
- Production reporting and data staff
- Performance and planning analysts
- Production and operations managers
- Hydrocarbon accounting staff
Module 1: Data Flow and Definitions
- From field measurement to production report
- Potential, capacity and actual production
- Deferment, downtime and uptime definitions
- Production efficiency
- Boundary and scope decisions
Module 2: Establishing Potential
- Methods for setting well potential
- Updating potential after changes
- Facility and system capacity
- Documenting and governing potential
Module 3: Loss and Deferment Accounting
- Loss cause categories
- Planned and unplanned losses
- Partial losses and constrained production
- Overlapping and cascading losses
- Ownership assignment
Module 4: KPI Design
- Characteristics of a useful KPI
- Well, facility and organisational indicators
- Leading and lagging indicators
- Avoiding perverse incentives
- KPI definitions and documentation
Module 5: Reporting Cycles
- Daily production reporting
- Weekly operations reporting
- Monthly performance reporting
- Report content and audience
- Automating routine reporting
Module 6: Reconciliation
- Operational, allocation and financial reporting differences
- Inventory and stock movements
- Resolving persistent differences
- Month-end and year-end processes
Module 7: Data Quality
- Common sources of error
- Validation rules and checks
- Correcting historical data properly
- Audit trails and change control
- Ownership of data quality
Module 8: Dashboards and Visualisation
- Designing for the decision, not the data
- Trend, comparison and exception displays
- Avoiding clutter and false precision
- Access and distribution
Module 9: Targets and Improvement
- Setting realistic production targets
- Benchmarking between assets
- Using deferment data to prioritise work
- Review cycles and accountability
- Tracking improvement over time
Upon successful completion of this training course, delegates will be awarded an official Certificate of Completion issued by the Petroleum Engineers Association (PEA), an ISO 9001:2015 certified training organization. The certificate carries 10 Credits and formally records the total learning hours completed.
Each certificate is signed by the Course Facilitator and the CEO of the Petroleum Engineers Association, and serves as verifiable proof of professional training that delegates can present to employers and professional bodies worldwide.
Frequently Asked Questions
All course bookings made through PEA are strictly non-refundable. By registering for a course, you acknowledge and accept that all fees are payable in full and are not subject to refund under any circumstances, including changes in personal or professional commitments or partial attendance.
PEA reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Comprehensive details of each course — including objectives, target audience, and content — are clearly outlined before enrolment, and it is the responsibility of the delegate to ensure the course's suitability prior to booking.
For any inquiries related to cancellations or bookings, please contact our support team, who will be happy to assist you.