Schlumberger Releases Breakthrough Enterprise Planning Software
Schlumberger has released its Merak* Enterprise Planning (MEP) software, a next-generation technology that enables dynamic oil and gas business planning, including event-driven or evergreen plans.
"With MEP, oil and gas companies can get fast answers to complex business questions for improved decision making," said Olivier Peyret, vice president, software products, Schlumberger Information Solutions. "This software helps clients to proactively respond to changing market and operational conditions to achieve growth objectives."
In a preliminary field test with a large integrated, independent oil and gas company, MEP demonstrated 50% reduction in project processing time, increased confidence in results and 75% reduction in analysis time.
Today's oil and gas business planning process is often lengthy, cumbersome and sometimes ineffective in reflecting recent market and operational realities. Merak Enterprise Planning uses a unique oil and gas data management cube to align strategy with plans and budgets -- simultaneously integrating reserves, production and financial data -- to reveal critical business insights for timely decisions based on continually updated business plans.
Merak Enterprise Planning leverages Microsoft technologies to provide a collaborative platform for oil and gas business applications to generate valuable information in context using a robust calculation engine. Its data aggregation and mining capabilities deliver business intelligence and performance analytics in the context of an oil and gas enterprise.
"This is another tangible result of the Microsoft and Schlumberger partnership. The combination of Microsoft’s industry leading enterprise software platform with Schlumberger´s deep industry knowledge and expertise delivers a high value business solution, enabling faster and better decisions for individual assets as well as complex enterprise portfolios," said Dr. Ali Ferling, global managing director for the Oil & Gas Industry, Microsoft.
- Top Oilfield Services Firms Signal Fourth-Quarter Uncertainty (Oct 20)
- Schlumberger's Latest Asset Deal Raises Fresh Concerns Ahead Of 3Q (Oct 19)
- Offshore Start-Up Borr Drilling Aims To Expand Fleet, Keep Costs Low (Aug 30)