Accenture (NYSE: 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.