What is a Facility is a faceted
taxonomy created by the PPDM Association to deal with the multitude of values
describing facilities in the global energy industry. This is an evolving
product, responding to changes in corporate data management needs and practices
plus external reporting. Regulatory and ESG reporting require data arranged for
a facility. A common language and data standard is vital for consistent
reporting, analysis, decision-making, and interpretation for operators and
external stakeholders.
A facility is the collection of
commonly owned or operated equipment at any life cycle stage that is located
within a specific geographic boundary or surface site for the purpose of production,
processing, transmission, storage, or distribution of products prior to the
point of custody transfer.
The PPDM Association Members can
access the new What is a Facility (Phase 1) booklet now through the link to the right.
Feasibility Study Information
In mid-2020, PPDM and interested members ran a 10 week Feasibility Study to understand what would be required to disambiguate the term “Facility.” The Feasibility Study Work Group found that a universally understood and recognized definition of “Facility” does not currently exist within the upstream, onshore Oil and Gas (O&G) industry. Regulators, operators, and software products all have their own perspectives, values, and uses. These varying discrepancies result in far-reaching impacts including: