5.2 Describing the Reporting Entities

It is important to be certain that volumes are being reported against the correct component within an asset; that is, production is reported for the correct well. For this reason, one function of the Simple Product Volume data objects is to satisfy the requirements of identity of asset components, or “reporting entities” as they are called here. The reporting entity functionality is sub-divided into: defining the entities, showing how they are arranged in hierarchies, and linking them to any available detailed descriptions. The following sections describe this.