What is 'return lease fuel' in SAP IS-OIL-PRA - Production and Revenue Accounting?

return lease fuel - Overview

• Component: IS-OIL-PRA

• Component Name: Production and Revenue Accounting

• Description: Gas that has been supplied from well completions within a production network that is piped back to the leases to fuel different devices for example, compressors, heater treaters, separators, and so on.

return lease fuel - Details

• 
  Key Concepts: 
  Return lease fuel is a term used in the IS-OIL-PRA Production and Revenue Accounting component of SAP. It refers to the fuel that is returned to the lessor after a lease period has ended. This fuel is then used to calculate the amount of revenue that is due to the lessor. 
  
  How to use it: 
  In order to use return lease fuel in SAP, you must first enter the details of the lease agreement into the system. This includes the start and end dates of the lease, as well as any other relevant information. Once this is done, you can then enter the amount of fuel that was returned to the lessor at the end of the lease period. This will be used to calculate the amount of revenue that is due to them. 
  
  Tips & Tricks: 
  When entering return lease fuel into SAP, it is important to ensure that all details are accurate and up-to-date. This will help to ensure that the calculations are correct and that all parties involved receive their due payments. 
  
  Related Information: 
  Return lease fuel is just one part of the IS-OIL-PRA Production and Revenue Accounting component of SAP. Other related topics include production accounting, revenue accounting, and royalty calculations.