Accenture, SAP Expand O&G Production Management Tools
Accenture and SAP AG announced Jan. 14 plans to deliver joint new offerings, based on the SAP HANA platform, called “Upstream Production Operations,” to help oil and gas companies improve and standardize processes, replace legacy tools, provide a single view of production across the organization, minimize uncertainty and improve the management of production.
The joint offering extends the existing relationship between the two companies and expands their portfolio of hydrocarbon management solutions.
“Building on our existing success with SAP, these new upstream production operations solutions are designed to fill a significant void in today’s upstream market,” said Jean-Marc Ollagnier, group chief executive of Accenture’s Resources operating group, in a Jan. 14 press release. “Our goal is to help our clients focus on improving their operations from the initial phase of production to the point of sales by optimizing energy companies’ investment in upstream assets.”
As part of the program, Accenture and SAP will provide an end-to-end solution which will include key processes such as production forecasting, field data capture, production accounting and deferment management. The objective of the global offering is to provide upstream oil and gas operators with operating performance insights to maximize value from their portfolio of assets. This can be achieved through better integration of processes and data across the upstream value chain. With technology as the foundation, operators can materially improve operational and strategic decision-making.
Some of the solutions and services the program offers include:
- upstream operations management
- business process outsourcing
- upstream production operations by Accenture and SAP training
“Oil and gas companies are increasingly measured by their ability to convert reserves to cash, but missed production revenue targets materially impact the enterprise value,” Johann Nell, global upstream and oil and gas lead at Accenture, in a statement to Rigzone. “Adding to these pressures is the increasing level of complexity in upstream production management due to growth in high well count for unconventional resources, untapped production potential in existing assets and greater regulatory scrutiny of production reporting.”
Underlying these challenges is a fragmented technology landscape. Operators do not have access to integrated processes and data from the wellhead to the business front office. As a result, it is difficult to identify production choke points across the process chain, Nell commented.
“Another complication is the implementation of complex software solutions, which makes it difficult to realize value at speed. Technology advances enable a new way of responding to these challenges including data access, computing and analytics capabilities, e.g. through solutions like SAP HANA,” Nell said.
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