SAP launches upstream oil and gas solution to help streamline processes and costs

rig 1061339 640Software firm SAP and professional services firm Accenture have launched a co-developed solution for upstream oil and gas companies based on SAP S/4HANA Cloud

Using intelligent technologies such as artificial intelligence (AI), the SAP S/4HANA Cloud solution for upstream oil and gas helps customers to further increase visibility into operations and cash flow. Additionally, the solution includes contributions from leading global oil and gas companies such as ConocoPhillips and Shell.

Benjamin Beberness, SAP global vice-president of the oil and gas business unit, said, “Working together with Accenture and a consortium of industry leaders, we have delivered an industry-defined intelligent solution that has the capabilities upstream oil and gas companies need to reduce complexity by using market standards.

“SAP S/4HANA Cloud for upstream oil and gas is a flexible and agile solution that can provide customers a 360-degree view of the intelligent enterprise — from operations to the boardroom, enabling operational excellence.”

Now available globally, SAP S/4HANA Cloud for upstream oil and gas is a scalable solution that can help oil and gas companies reduce total cost of ownership and operational costs, as well as create new revenue opportunities.

Tools for preconfigured, integrated and user-friendly business processes are included so that companies can shrink implementation time while working to reduce risk of business disruption. The solution delivers new industry standards that help simplify operations and free up resources to drive more business value.

To define market-standard end-to-end processes that are preconfigured within the solution, SAP and Accenture are working with a consortium comprised of leading exploration and production companies including BP, Chevron, ConocoPhillips, Equinor and Shell.

Mike Pfister, CIO, ConocoPhillips, said, “ConocoPhillips collaborated with SAP and Accenture for more than two years to launch this solution, based on a flexible cloud architecture that can scale and deliver real-time insights into oil and gas upstream processes.”

Scott Wahl, CIO Upstream, Shell, commented, “This release represents an important milestone demonstrating the impact of our ongoing collaboration.”

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