Hierarchy
IS-OIL (Software Component) IS-OIL⤷
IS-OIL-PRA (Application Component) Production and Revenue Accounting⤷
OIU (Package) PRA Production and Revenue Accounting (Upstream Business)
Basic Data
| Data Element | OIU_UNIT_FL |
| Short Description | Unit venture flag |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | OIU_X_FLAG | |
| Data Type | CHAR | Character String |
| Length | 1 | |
| Decimal Places | 0 | |
| Output Length | 1 | |
| Value Table |
Further Characteristics
| Search Help: Name | ||
| Search Help: Parameters | ||
| Parameter ID | ||
| Default Component name | ||
| Change document | ||
| No Input History | ||
| Basic direction is set to LTR | ||
| No BIDI Filtering |
Field Label
| Length | Field Label | |
| Short | 10 | Unit JV |
| Medium | 15 | Unit venture |
| Long | 20 | Unit venture flag |
| Heading | 2 | UF |
Documentation
Definition
When set, indicates that the venture is a unit venture, which is a single venture that consists of a group of individual ventures and wells.
A unit venture is a type of venture in Ownership, in which several wells/ventures from different owners are put toghether, as if they were one, for revenue and government regulation purposes. Each unit venture (sometimes referred to as 'unitized venture') is made up of individual tracts, which represent individual wells.
For example, for a land property, there might be two owners who own land next to one another on that property. Owner A decides to drill on the land, and sends a well into a reservoir. However, the underground reservoir from which he is drawing product is not 100 % located under his land, but also is under the land of owner B. So, because the product in question is fluid, there is no 'stable' ownership situation underground with respect to the minerals.
In response to seeing that he is losing product from his land to Owner A, Owner B begins to drill into the reservoir under his own land. Now, there are two separate wells on two adjacent pieces of land. Instead of treating these two as separate, the government wants them to be treated as one unit. That it why it is referred to as a unit venture. The adjacent wells are then put together as one unit venture, and instead of each owner deriving product in a competitive environment, they divide up the interest from the drilling. The divisions are henceforth referred to as "tracts" of the unit.
History
| Last changed by/on | SAP | 20050224 |
| SAP Release Created in |
