In the petroleum industry, companies both large and small are forced to work within the constraints of market fluctuations beyond their control. The ability to manage costs and seize opportunities is critical. The Internet has empowered companies across industries to react quickly and flexibly to unexpected events and changes in supply and demand, but it takes a solution that can integrate an entire enterprise to realize the full potential of this powerful and new business environment.
The SAP for O&G portfolio uses the Internet to give companies in the petroleum industry the power to effectively control costs while delivering key information when and where it's needed.
Industry-specific applications of the SAP for O&G portfolio are available for two sectors as follows:
Upstream
SAP for Oil & Gas offers a comprehensive range of key capabilities designed specifically to help companies manage their upstream business efficiently. These capabilities address upstream business needs directly and can help determine when to continue or cease production, and to respond to problems caused by everything from product price fluctuations to bad weather or equipment failure.
- Production and revenue accounting
- Offshore logistics management
- Joint venture accounting
- Production sharing accounting
Downstream
Supply chain management capabilities enables management monitoring and handling the movement of goods throughout the supply network. This allows efficient planning, scheduling and execution of bulk movements-as well as tracking and monitoring inventory levels at all locations, as well as in-transit inventory. This means collaboration with all supply chain partners including suppliers, carriers and customers. And by taking advantage of forecasting and optimization components in mySAP Supply Chain Management, better use is made of downstream capabilities to increase bottom-line performance.
- Trader's and Scheduler's Workbench
- Bulk transportation
- Terminal automation system interface
- Transport planning interface
- Inventory management of hydrocarbon products
Sales, service and marketing
- Order management
- Tariffs, duties and permits
- Service station and convenience retailing
- Transport planning interface
- Convenience retailing
- Fuel management
- Site and headquarter accounting
- Enterprise asset management