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

Loading...
Loading...

Accenture ACN and SAP 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 clients to further increase visibility into operations and cash flow.
 
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 pre-configured, 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, Accenture and SAP are working with a consortium comprised of leading exploration and production companies – including BP, Chevron, ConocoPhillips, Equinor and Shell.
 
“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,” said Mike Pfister, CIO, ConocoPhillips.
 
“This release represents an important milestone demonstrating the impact of our ongoing collaboration. We look forward to continuing to work together to deliver a mature solution that creates business value for the upstream oil and gas industry,” added Scott Wahl, CIO Upstream, Shell.
 
“Accenture and SAP are delivering a solution that brings in innovative technologies like AI to deliver real-time insights, greater visibility and better decision-making,” said Jan van den Bremen, senior managing director and lead for Accenture Intelligent Platform Services in Europe. “We are proud to be the only SAP co-development partner working side-by-side to deliver leading oil and gas industry solutions. We've worked with SAP and leaders in the oil and gas industry to co-develop a solution that helps enable faster adoption of new technologies to better manage changing market conditions.”
 
“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,” said Benjamin Beberness, SAP global vice president of the Oil and Gas Business Unit. “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.”
 
About Accenture
Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. We combine unmatched experience and specialized capabilities across more than 40 industries — powered by the world's largest network of Advanced Technology and Intelligent Operations centers. With 509,000 people serving clients in more than 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises. Visit us at www.accenture.com.
 
About SAP
As the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world's transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 440,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com.
 
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2020 SAP SE. All rights reserved.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

— WebWireID256869 —


Loading...
Loading...
Posted In: NewsPress Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...