SAP and Accenture Launch Upstream Oil and Gas Solution to Help Streamline Processes and Costs

By Ralph Rio

Category:
Acquisition or Partnership

SAP SE and Accenture 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.

Now generally 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.

 

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