We implemented robust Oracle Solutions and Analytical Applications to revive the existing business scenario of our client.
About the Industry
The Oil & Gas Industry has seen many peaks and valleys. Demand-supply gap, regulatory norms & compliances, volatile prices, and market conditions are some of the factors that directly impact the industry.
The analytics and its application have brought a paradigm shift in the industry. Today, 4-D seismic technology with automated and real-time reporting has drastically simplified exploration activities and operations. Similarly, the midstream and downstream sectors have also witnessed progress at the core level. With analytics invading every corner of the industry, decision-making capabilities, keeping data in the core, has improved. Deriving insight from these to fulfill business needs is what advanced analytics will do.
About the Client
Our client is a US-based oil service provider. With an established presence in North & South America, Europe, the Middle East, and the Asian Pacific, the client was looking for business expansion across other parts of the world as well. The company wanted to automate its existing technology to gain a competitive advantage over its peers.
With a revenue of US$ 900 Million, the company currently has more than three hundred people. They have successfully commissioned 80,000 barrels of storage capacity. The company is engaged in multiple projects and catering to the services of third parties and vendors.
With operations getting gradually more complex, the organization found following challenges that interrupted their business processes: –