How To Fix OIURV068 - Factor1/NGLPC cannot be used. Formula ID is not set up for NGL Major Prod

OIURV068 - Overview

• Message type: E = Error

• Message class: OIURV - E&P Revenue Messages

• Message number: 068

• Message text: Factor1/NGLPC cannot be used. Formula ID is not set up for NGL Major Prod

What causes this issue?

NGLPC can only be used as a Factor 1 reserved word. In addition, to be
used as a Factor 1 reserved word, the Formula ID needs to be defined for
a NGL (4) Major Product.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

There are several options:
(a) Change the Factor 1 reserved word.
(b) Go to the formula ID transaction and change the major product to NGL
for the formula ID. Note that if the formula ID is being used in other
effective dated formula relationships, it cannot be updated.
(c) Create a new Formula ID that has a NGL major product.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message OIURV068 - Factor1/NGLPC cannot be used. Formula ID is not set up for NGL Major Prod ?

  The SAP error message OIURV068 indicates that there is an issue with the configuration of a formula in the context of the Oil and Gas industry, specifically related to the handling of Natural Gas Liquids (NGL) in the system. The error suggests that the system is trying to use a formula for a product (NGLPC) that has not been properly set up in the system for the specified formula ID.
  
  Cause:
  
  Missing Configuration: The formula ID for the NGL Major Product has not been defined in the system. This means that the system does not know how to process or calculate values for this specific product.
  Incorrect Product Type: The product type being referenced (NGLPC) may not be correctly associated with the formula ID in the configuration settings.
  Data Entry Error: There may be a mistake in the data entry where the formula ID is not linked to the correct product type.
  
  
  Solution:
  
  
  Check Formula Configuration:
  
  Navigate