What is kelly bushing elevation in SAP IS-OIL-PRA - Production and Revenue Accounting?

SAP Term: kelly bushing elevation

• Component: IS-OIL-PRA

• Component Name: Production and Revenue Accounting

• Description: The distance of the kelly bushing to mean sea level, if the entity is an offshore entity.

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• Key Concepts: 
  Kelly Bushing Elevation is a component of the IS-OIL-PRA Production and Revenue Accounting module in SAP. It is used to calculate the elevation of a Kelly bushing, which is a type of wellhead used in oil and gas production. The elevation is used to determine the pressure at the wellhead, which is important for production and revenue accounting. 
  
  How to use it: 
  In order to use Kelly Bushing Elevation, you must first enter the data for the wellhead into SAP. This includes the location, type of wellhead, and other relevant information. Once this data has been entered, you can then use the Kelly Bushing Elevation component to calculate the elevation of the wellhead. This calculation will be based on the data that was entered into SAP. 
  
  Tips & Tricks: 
  When entering data into SAP for Kelly Bushing Elevation, it is important to make sure that all of the information is accurate and up-to-date. This will ensure that the calculation of the elevation is accurate and reliable. Additionally, it is important to double-check all calculations before submitting them to ensure accuracy. 
  
  Related Information: 
  Kelly Bushing Elevation is just one component of the IS-OIL-PRA Production and Revenue Accounting module in SAP. Other components include Wellhead Pressure Calculation, Production Allocation, and Revenue Allocation. All of these components are important for accurate production and revenue accounting in oil and gas production.