Accenture: Upstream Operational Solutions for Global Oil and Gas Companies Provided

By Rob Starr, Content Manager, Big4.com

Accenture (NYSE: ACN) recently announced that it is working with SAP AG (NYSE: SAP) to help global oil and gas companies improve their operational performance and increase efficiencies with upstream solutions.

Cooperation between Accenture and SAP will be centered initially on leveraging SAP applications, including SAP Upstream Operations Management and SAP Production and Revenue Accounting, to address the needs of integrated digital oilfield operations.

“Today, many decisions and processes of global oil and gas companies are located in isolated silos across the organization,” said Michael Wendell, head, Industry Business Solutions, SAP. “For example, revenue processes may be held in one system, cost processes in another, root-cause analysis in yet another. Through this cooperation with Accenture – our long-term teaming partner in the oil and gas industry – we aim to help eliminate these silos and better enable real-time decision making and execution of upstream operations activities across multiple dimensions of an organization. This will help oil and gas companies to better understand the true impact on operations, helping deliver more value to upstream operations.”