Oracle Honors Winners of the Oil and Gas Industry Excellence Awards
REDWOOD SHORES, CA -- (Marketwire) -- 10/12/12 -- Oracle (ORCL)
- Recognizing the innovative solutions and business achievements of its customers, Oracle today announced the recipients of its 2012 Oil and Gas Industry Excellence Awards, presented last week at Oracle OpenWorld San Francisco.
- The awards recognize the achievements of an oil and gas company from each of the industry's six sectors:
- Exploration and Production - Southwestern Energy (SWN)
- National Oil Company - Abu Dhabi Company for Onshore Oil Operations (ADCO)
- Oilfield Services and Equipment Providers - National Oilwell Varco, Inc. (NOV)
- Drilling Company (Offshore) - Transocean
- Midstream (Pipeline) - Enterprise Products Partners L.P.
- Downstream - ADNOC Distribution
Exploration and Production - Southwestern Energy
- Southwestern Energy, an independent energy company, involved in the exploration, development and production of natural gas and crude oil in North America, replaced its aging customized and siloed systems with an integrated Oracle platform.
- It transformed its business processes to operate as a world-class, entrepreneurial exploration and production organization and gained the ability to effectively integrate future acquisitions and expansion of existing operations.
- With Oracle's integrated global platform for enterprise resource management, upstream, human resources, business intelligence and financial planning, SWN has created a single source of truth for master data elements, including well sites, leases/contracts, suppliers, customers and employees. It also has streamlined compliance with internal and external audit and regulatory requirements and has significantly reduced its information technology (IT) budget thanks to a simplified and unified business intelligence infrastructure built on Oracle Business Intelligence Enterprise Edition, Oracle Business Intelligence Applications, Oracle SOA Suite, Oracle WebCenter Portal, Oracle Exadata Database Machine and Oracle Exalogic.
National Oil Company - ADCO
- ADCO, which operates onshore and in the Emirate of Abu Dhabi's shallow coastal water, was facing significant data management challenges, including corporate data governance, corporate performance management and business intelligence hurdles. In addition ADCO wanted to capture and analyze exploration and production information in real time to manage its corporate data on a single platform with common definitions and standards.
- To improve operational efficiency, the company developed an Oracle based Master Data Management solution in conjunction with the Professional Petroleum Data Management (PPDM) data model to be hosted on Oracle Exadata Database Machine as part of the company's high-performance data management solution. ADCO now has the foundation for a single data access gateway to provide a holistic view of drilling and production information and greater control for In/Out data delivery. Oracle's solutions have empowered ADCO to realize its goal for a single source of business information.
Oil Field Services and Equipment Provider - National Oilwell Varco (NOV)
- National Oilwell Varco (NOV), which provides equipment and components used in oil and gas drilling and production operations, oilfield services and supply chain integration services to the upstream oil and gas industry, looked to standardize its business processes as it continued to expand rapidly.
- The Rig Technology Division has standardized on the Oracle E-Business Suite. The division relies on Oracle Managed Cloud Services to provide hosting, management, disaster recovery and governance risk and compliance helping to manage corporate and financial risk.
- The Rig Technology Division manages its global supply chain using Oracle's manufacturing and supply chain planning applications including Oracle's Demantra and Oracle Advanced Supply Chain Planning -- which are also delivered via Oracle Managed Cloud Services. The division also has deployed Oracle Manufacturing Execution System and Oracle Mobile Supply Chain applications for its workforce around the world.
- Other NOV business units have successfully standardized on Oracle applications and technology, including Oracle Financials, Oracle Human Resources, Oracle Fusion Talent Management Cloud Service, Oracle's JD Edwards Enterprise One for manufacturing and financials, Oracle Database and Oracle Exadata Database Machine.
- With its extensive Oracle footprint, NOV now shares the right information with relevant team members in a timely fashion for greater operational visibility and insight.
Drilling - Transocean
- Transocean is a leading international provider of offshore contract drilling services specializing in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Transocean's employees are focused on safely delivering best-in-class performance for its customers.
- The company faced several important challenges, including the need to monitor its financial and operational performance; improve data timeliness and quality; and provide visibility of the data to all levels of management.
- The company created a business intelligence foundation using Oracle Business Intelligence Enterprise Edition. This platform has enabled the company to have one version of truth for all enterprise-wide reporting and allowed for the consolidations of its Oracle's PeopleSoft Financials, PeopleSoft Procurement, PeopleSoft Enterprise Asset Management, and PeopleSoft Human Capital Management reports. Oracle Business Intelligence Enterprise Edition allows management to focus less on administration and more on strategic oversight.
Midstream - Enterprise Products Partners L.P.
- Enterprise Product Partners L.P., one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals faced a series of challenges. These challenges included non-supported asset management systems, maintaining complex integrations between multiple fragmented systems, and the need for expanded business intelligence.
- Enterprise Product Partners completed an upgrade of the Oracle E-Business Suite Financials and Human Resources Management System in May 2011. This upgrade enhanced and expanded functionality and added Oracle Business Intelligence reporting capabilities for Accounts Payable, Accounts Receivable, Treasury, Property Accounting, Financial Accounting, Human Resources and Payroll. Hitachi Consulting was the Systems Integrator. Alvarez and Marsal was the Project Management Office.
- Enterprise Products Partners plans to implement Oracle Enterprise Asset Management, Oracle Supply Chain Management, Oracle Project Costing, Oracle Time and Labor, Oracle WebCenter Content, Oracle iLearning and Oracle Business Intelligence reporting and analytical dashboards in the spring of 2013. This will enable streamlined business processes to improve visibility and support for the company's future growth.
Downstream - ADNOC Distribution
- ADNOC Distribution, an integrated energy company that markets and distributes petroleum products and services within the United Arab Emirates and internationally, faced several business and IT challenges related to its rapid growth. These included the need to effectively manage more than $100 million in financial transactions annually and a transaction growth rate of 15 percent annually. It also needed to support more than 3,000 users on its IT infrastructure and accommodate a database that was growing exponentially. To clear a path for continued growth, ADNOC Distribution defined a strategic roadmap to ensure that IT projects were aligned with business vision.
- ADNOC Distribution implemented an Oracle Exadata Database Machine platform, which has delivered dramatic performance improvement for its legacy applications, enabled faster access to business intelligence and improved its ability to support business expansion projects.
- "Southwestern Energy, ADCO, NOV, Transocean, Enterprise Products and ADNOC Distribution are each leaders in their sectors and have shown outstanding business leadership, innovation and technology achievement," said Charles Karren, director, oil and gas industry strategy for Oracle. "Oracle is proud to recognize their achievements and contribute to their successes as these companies provide energy to the world in a cost-effective and safe manner."
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Source: Oracle Corporation