What is active well in SAP IS-OIL-PRA - Production and Revenue Accounting?

SAP Term: active well

• Component: IS-OIL-PRA

• Component Name: Production and Revenue Accounting

• Description: A well that is not officially plugged and abandoned.

Smart SAP Assistant

• Key Concepts: 
  Active Well is a term used in the IS-OIL-PRA Production and Revenue Accounting component of SAP. It is used to refer to wells that are currently producing oil or gas, and are actively monitored for production and revenue. 
  
  How to use it: 
  In order to use the Active Well feature, users must first set up the well in the system. This includes entering information such as the well name, location, and production data. Once the well is set up, users can monitor production and revenue from the well on a regular basis. 
  
  Tips & Tricks: 
  When setting up an active well in SAP, it is important to ensure that all of the necessary information is entered accurately. This will help ensure that production and revenue data is accurate and up-to-date. Additionally, users should regularly review active wells to ensure that production and revenue data is accurate. 
  
  Related Information: 
  For more information on using the Active Well feature in SAP IS-OIL-PRA Production and Revenue Accounting, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on using this feature.