Accenture and SAP have released a new version of the SAP Upstream Operations Management application, which helps oil and gas companies to quickly identify underperforming wells, the cause of the problem and develop action plans to get production back on track.
This capability is particularly critical as oil and gas companies contend with decreasing production in conventional fields and marginally performing unconventional wells, according to Johan Nell, Accenture’s Upstream segment lead.
“Because the application is deeply integrated into SAP software, we can leverage the integrated data model from production and maintenance to finance and accounting information. This allows operators to ask new questions such as, ‘What is my well-by-well profitability?’, or ‘Which unplanned maintenance events are causing me the biggest production upsets?’ The insight this can bring is essential when operators are dealing with an increasingly diverse mix of assets with higher well counts and complex production environments.”
The solution is part of a portfolio for Upstream Productions Operations by Accenture and SAP, which are co-developed by the two companies and delivered by SAP.
The new version of SAP Upstream Operations Management allows for the automatic capture of field information from real-time systems or manual entry using the SAP Fiori interface, helping operators to enter and manage data more quickly. New production deferment tools also allow operators to directly link production outages to maintenance events, providing greater insight into production issues.
Because the enhanced allocation engine can run on the SAP HANA platform, enabling the processing of complex production scenarios, an entire organisation’s set of production networks can be run in a single instance.
According to IDC Energy Insights, the market looks promising for such a production management solution.
“In our recent oil and gas survey, almost half of operators said they are investing or planning to invest in production management. Improvements in production management can return considerable value,” said Jill Feblowitz, vice president at IDC Energy Insights.
“The ability to identify and analyse deferred production to increase production and reduce downtime is a key capability for a majority of our respondents.”
