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crude oil

Former Member
0 Kudos

Hi,

We have 4 company code involved in exploration and distribution of oil and gas.

company code-1 - does the drilling and exploration

company code-2 - does pipeline transportation

company code-3 - does refining

company code-4 - does the marketing

but the requirement is that crude oil valuation is done only in company code-1, but physically crude oil is moved in all companies.

request to suggest if there is any standard function in IS Oil and Gas, which we can use to map the same.

regards

1 ACCEPTED SOLUTION

Former Member
0 Kudos

It has more to do with the 'Material Master' modelling for Crude.

Keeping different accounting profiles for different plants would be one way out.

In oil&Gas, there is no standard fucntion that I can think of.

View solution in original post

3 REPLIES 3

Former Member
0 Kudos

It has more to do with the 'Material Master' modelling for Crude.

Keeping different accounting profiles for different plants would be one way out.

In oil&Gas, there is no standard fucntion that I can think of.

Former Member
0 Kudos

You may move the crude across the company codes as non valuated material, using valuation types, for those company codes where you dont need any valuation. Hope it helps.

Regards

Jay

Former Member
0 Kudos

Sorry, no answer.

Which transaction and movement type do you use to create the crude inventory?

Which transactions are used to reduce the asset?

Thanks.