QYR Market Research Global Hydrocarbons Accounting Solution market | Page 3

QYResearch
• Hydrocarbons Accounting Solution includes two essential elements.
Firstly, gathering and validating flow measurement data in order to
establish the definitive record of production from a facility. Secondly, it
involves carrying out allocation calculations on the flow measurements to
derive quantities that are not measured directly. And the Hydrocarbons
Accounting Software can be classified to cloud-based and on-promise
type, and the cloud-based type is leading the growing market at present.
• Hydrocarbons Accounting Solution is mainly used for three applications:
Oil, Natural Gas and Water. And Oil & Gas was the most widely used area
which took up about 98% of the global total in 2016.
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