Name

Accord Energy Solutions

Legal name

Accord Energy Solutions Limited

Website

https://accord-esl.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Hydrocarbon Accounting Consultancy

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Oil & Gas Field Services, Nec (1389), Services-Engineering Services (8711), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Scope 1–3 GHG Inventory Strategy, Data Governance & Controls (advisory) (EUABAKAD)

akta.pro secondary industries

Industrial Energy Efficiency & Optimization (Process Controls, Advanced Analytics, ISO 50001) (EUABAJAH), Net-Zero Assurance & Readiness Assessments (limited assurance prep, audit support) (EUABAKAJ), Carbon Neutrality/Claims Strategy & Communications (claims substantiation, greenwashing risk) (EUABAKAK)

Keywords

• Hydrocarbon accounting services
• Oil and gas measurement
• Allocation engineering
• Flare emissions monitoring
• Energy sector consultancy

Headquarters

HQ city

Aberdeen

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Professional Services: Consultancy services providing measurement, allocation, system delivery, emissions management, audit, acquisitions & divestments, and operational support expertise to global energy sector clients. Delivered by experienced integrated teams working directly with client personnel.
2. Software Products: Proprietary software products including CHARM (process simulation) and Combustor (flare combustion efficiency) licensed to oil and gas operators. Software delivered as cloud-based services with support.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Accord Energy Solutions is an independent, employee-owned consultancy delivering hydrocarbon accounting, measurement, allocation, and system delivery services to global oil and gas operators. The firm complements its professional services with proprietary cloud-based software products including CHARM (hydrocarbon process simulation) and Combustor (flare combustion efficiency and emissions monitoring), plus ReCCORD.

Product overview

Accord Energy Solutions offers a portfolio of hydrocarbon accounting software products and consultancy services for the global energy sector. The core software products are CHARM (process simulation for hydrocarbon modelling using Peng Robinson Equation of State) and Combustor (cloud-based flare combustion efficiency software for emissions calculations), along with ReCCORD. These are complemented by professional services including Measurement, Allocation, System Delivery, Emissions Management, Audit, Acquisitions & Divestments, and Operational Support. The company implements systems on platforms including EnergySys and Energy Components, and provides consultancy across upstream oil and gas, transportation networks, terminals, LNG, and CCUS.

Differentiator

Problem solved

Functional benefit

Brands

• CHARM: Versatile and practical hydrocarbon modelling software solution developed by Accord in collaboration with Robert Gordon University for integration with systems.
• Combustor
• ReCCORD

Products and services

• CHARM

Quantifiable outcome

• HA system for South Caucasus Pipeline delivered in under 9 weeks
• +3 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Net Zero Technology Centre (NZTC)coreStrategic or Co-development Partner · 1 January 2023Partnership with NZTC to develop and configure Combustor for five operating assets across the North Sea for bp, Harbour Energy, Ithaca Energy, Serica Energy and TotalEnergies. Combustor developed as part of NZTC project to help operators meet NSTA Flare and Venting Guidelines.
• Robert Gordon UniversitycoreStrategic or Co-development PartnerCollaborative development partnership for CHARM software. University partnered with Accord to design CHARM as a versatile and practical hydrocarbon modelling software solution. Accord maintains ongoing relationship with university for research and development.
• EnergySyscoreTechnology or IntegrationEnergySys is the primary cloud-based platform used for hydrocarbon accounting system implementations. Accord has extensive implementation expertise with EnergySys across multiple clients including TotalEnergies, Angola LNG, IOG, and others.

Scale indicators4 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• KBC Advanced Technologies (Yokogawa): KBC (now part of Yokogawa) provides process simulation and optimization software for oil & gas refining and production, including hydrocarbon characterization and energy efficiency - directly comparable to Accord's CHARM process simulation and emissions optimization offerings.
• P2 Energy Solutions: P2 Energy Solutions provides upstream production accounting, allocation and hydrocarbon management software - the closest direct competitor to Accord's hydrocarbon accounting and allocation system delivery practice.
• EnergySys: EnergySys provides a cloud-based hydrocarbon accounting and allocation platform - the primary platform Accord deploys on for clients including TotalEnergies, IOG and Angola LNG, making it both a partner and competing solution in the same market.
• Quorum Software: Quorum (now part of Constellation Software) provides upstream oil & gas software including production allocation, accounting and operations - directly comparable to Accord's hydrocarbon accounting and allocation system implementations.
• Energy Components: Energy Components (now under P2 Energy Solutions) provides hydrocarbon accounting and allocation software - Accord has implementation expertise on this platform used for BP's Common Production Reporting and Shell's HALE project, making it a comparable platform peer.

Broad incumbents

• Wood Group: Wood is a global engineering and consulting firm serving upstream, midstream and LNG oil & gas clients with operational support, technical assurance and digital services - comparable to Accord's measurement, allocation and operational support practice but at significantly larger scale.
• Worley: Worley provides energy, chemicals and resources project delivery and consulting including oil & gas measurement, allocation and emissions services - comparable to Accord's system delivery and emissions management work but at far greater scale and geographic reach.
• Petrofac: Petrofac provides integrated oil & gas services to operators including engineering, operations, and asset support - broadly comparable to Accord's operational support and A&D transition services though at a much larger scale and broader scope.
• Aspen Technology (AspenTech): AspenTech provides industrial process simulation, optimization and asset performance software across energy and chemicals - comparable to CHARM's process simulation capability but at much broader scale across multiple process industries.
• RPS Group: RPS provides technical consulting and operational support for energy clients including oil & gas measurement, environmental compliance and asset transitions - adjacent competitor to Accord's emissions management and audit services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInuk.linkedin.com/company/accord-energy-solutions-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Accord Energy Solutions