After safety, what is the top priority of upstream oil and gas companies? Register for SAPPHIRE NOW and see for yourself
It’s time to register for SAPPHIRE NOW and start planning your time to make the most of the networking, information and access to a wide range of experts on-site to see how SAP solutions can help you thrive in the new oil and gas market reality.
IDC Energy Insights recently published findings based on analysis of a quantitative survey and in-depth interviews with upstream oil and gas companies from around the world. One key finding was that production management is a top priority, with a focus on improving margin and reducing exposure associated with deferments. In fact, reducing deferments was found to be a top business objective. As one survey participant noted, “If we reduce deferments, for example, from 10% to 5% with a company like ours, that can already make a difference. I don’t know the magic number but it can make a difference of almost $1 billion on a yearly basis already . . . If we are not producing, it basically means we are not using the capacity that we have, so that postpones production.”
Last year, as part of the Upstream Production Operations by Accenture and SAP, SAP and Accenture announced a new version of the SAP® Upstream Operations Management application, which enables oil and gas companies to improve the accuracy of production data and identify production-optimization opportunities. In this new version of the application, field information can be automatically captured from real-time systems or entered manually using the latest SAP Fiori® interface technology, helping operators to reduce the amount of time spent entering and managing data. The enhanced allocation engine can run on the SAP HANA® platform and can process complex production scenarios. Since SAP Upstream Operations Management provides a single view of production volumes, it can be scaled to model and run an entire organization’s set of production networks in a single instance.
New production deferment tools allow operators to directly link production outages to maintenance events to provide an unparalleled level of insight into production issues. The application uses the leading SAP software as the backbone, with Accenture providing global capabilities for process design, system implementation and ongoing support services.
To learn more, attend one of the demo theaters at SAPPHIRE NOW, speak with experts from SAP and Accenture, and see a live demonstration of these features at the following sessions:
- SAPPHIRE NOW Session IN20703, Tuesday at 3:30 in the Industries Demo Theater 1
- SAPPHIRE NOW Session IN20703, Thursday at 2:30 in Industries Demo Theater 1
You can find these and many other sessions on Agenda Builder.
We hope to see you in Orlando!