What is surface latitude in SAP IS-OIL-PRA - Production and Revenue Accounting?

SAP Term: surface latitude

• Component: IS-OIL-PRA

• Component Name: Production and Revenue Accounting

• Description: The angular distance, measured in decimal degrees, of the entity north or south of the equator.

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• Key Concepts: 
  Surface latitude is a term used in the IS-OIL-PRA Production and Revenue Accounting component of SAP. It is a measure of the distance between two points on the surface of the earth, usually expressed in degrees. It is used to calculate the distance between two points on a map, such as two oil wells or two production sites. 
  
  How to use it: 
  Surface latitude can be used to calculate the distance between two points on a map. This can be done by entering the coordinates of each point into a calculator or using an online tool. The result will be expressed in degrees, which can then be used to calculate the actual distance between the two points. 
  
  Tips & Tricks: 
  When calculating surface latitude, it is important to make sure that the coordinates are entered correctly. If they are not, then the result will not be accurate. Additionally, it is important to make sure that the same units are used for both coordinates (e.g. degrees or kilometers). 
  
  Related Information: 
  Surface latitude is related to other terms such as longitude and altitude. Longitude is a measure of the distance east or west of a reference point, while altitude is a measure of the height above sea level. All three terms are used in various applications, such as navigation and mapping.