Industry Solutions > Downstream Oil & Gas

Downstream Oil & Gas

The downstream business covers the refining of a broad range of specialty products, along with the marketing, international trading and shipping of these diverse petroleum products. Crude oil cannot be used directly, but has to be refined to make commercial products such as LPG, automotive and aviation fuel, lubricants, fuel oil and asphalt.

Refining and Marketing

Refineries use increasingly complex processes to treat the oil they deliver to consumers. The refining business faces a wide range of challenges, including securing reliable supply sources, developing new product grades and complying with increasingly strict environmental and regulatory requirements.

Each step of the refining process contributes to the manufacture of petroleum products, which are supplied to consumers through a network of retail outlets. Each step has its own unique risk management requirements and data integrity issues that must be integrated and validated across the downstream business.

Trading and Shipping

Trading operations range from selling crude oil production to purchasing crude oil for use as feedstock in refining operations. The shipping business supplies refineries with crude oil and transports refined products to consumer markets.

Trading and Shipping activities are focused on leveraging and optimizing oil and gas production and the supply of feedstock to refineries and outlets for those refineries. Safety, regulatory compliance and risk management are key competencies in this business, all of which require a foundation of sound data management and data integrity practices.

What is Your Data Telling You?

In every aspect of the business, accurate collecting reconciling and reporting to contract commitments will help manage supply chain and customer relationships. Data integrity has become a fundamental prerequisite to managing the business, and is what all risk management practices are reliant upon.

To learn more about how Intervera can help you with your data integrity and risk validation challenges, check out our DataVera product family. DataVera is a revolutionary data quality product that, unlike traditional data quality solutions, uses a continually growing library of reusable and automated data rules that transforms downstream data in less time with a higher quality.