What does one of the world's largest Oil & Gas companies hope to achieve from leveraging SAP Master Data Governance for Enterprise Asset Management?
■ National oil and fully integrated petroleum company with operations in exploration and production, refining and marketing, and petrochemical manufacturing
■ Managing a daily crude production of over 10 million barrels per day
This organization, like many, has multiple disparate industry solutions that did not allow full transparency into company assets. There was a lack of agility in effectively managing asset information, despite multiple (but tactical) remediation initiatives in the past. Poor asset Information impedes asset availability, maintenance efficiency and prevents operational excellence... so with business direction to integrate all assets from new plants into their SAP landscape, it was clear that a new strategic plan was needed to prepare for this big transformation.
How Did Utopia Help?
Because of Utopia's expertise in the EAM space, we were able to work with the organization to develop an end-to-end strategy to address their need to integrate systems and build a long-term data governance program.
Oil & Gas Company purchased SAP Master Data Governance for Enterprise Asset Management by Utopia (SAP MDG-EAM) which will allow them to:
- Build and maintain complete asset structures and create multi-object change requests to efficiently handle a complete asset structure including its related objects
- Create and sustain standardized reusable reference models leveraging identified business practices, processes and rules
- Successfully integrate their system with SAP Asset Intelligence Network to enrich data that can then be propagated across internal systems
■ Improved asset financial management and audit trails
■ Asset master data remains consistent, up-to-date, and accurate across the organization
■ Reduced costs through more-efficient spares and parts management
■ Improved safety through more-accurate equipment data
■ Improved plant maintenance efficiency and higher plant uptime due to complete and accurate asset information
■ Increased plant reliability
■ Improved asset accountability for capital projects