Accenture and SAP AG introduced a software solution designed to help energy companies more efficiently manage their upstream asset portfolios to improve operations. Accenture and SAP jointly designed and developed the composite application SAP xApp Integrated Exploration and Production (SAP xIEP), which is powered by the SAP NetWeaver technology platform. SAP xIEP allows upstream energy companies to integrate critical knowledge, data and applications - including those for development, production, operations and maintenance activities - to better execute key upstream oil and gas processes.
By offering users the ability to easily access and leverage industry processes and information as well as conduct transactional processing across the numerous and often-disparate systems used in upstream operations, SAP xIEP significantly reduces the amount of time that energy professionals spend searching for data or reconciling integration issues. As a result, they can make smarter and faster decisions, produce accurate and transparent information, increase adherence to operational processes, and increase productivity.
SAP xIEP is designed to support critical upstream business processes, starting with upstream asset maintenance. Support for this process includes classifying and prioritizing maintenance work, reducing recurring maintenance and high-impact failures, optimizing inventory levels and availability of critical parts, predicting equipment failures and unplanned maintenance activities, and accelerating response times to internal and external partners.
Accenture and SAP plan to enhance the new solution to include support for additional functions including procurement, operations (planning, scheduling and maintenance) and accounting. When those capabilities are added, SAP xIEP will enable field and office workers to access the latest project-specific data from remote locations and view all relevant information, such as daily drilling data. Field and office workers will be able to synchronize the data from different sources and collaborate remotely with team members - such as well engineers, geotechnical professionals and administrative teams - to support critical upstream business processes.
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