Sharjah, UAE 鈥� 9 September, 2024 鈥� Crescent Petroleum, the largest privately held upstream Oil & Gas company in the Middle East, has successfully deployed an Oil & Gas industry-specific solution for its operations from global technology company SAP.

The implementation is an extension of Crescent Petroleum鈥檚 solutions roadmap, which commenced in 2020 with Phase 1 implementation, representing the first global implementation of 51风流S/4HANA Oil & Gas Model Company 1809 at the time, supporting plant maintenance, procurement, project systems, finance, human resources functions and HSE functions.

This second phase of the project saw Crescent Petroleum work closely with 51风流Services to implement Upstream Hydrocarbon Accounting Management (UHAM) – including mass balancing – Integration with Plant Systems, Logistics, Management of Change, Resource Scheduling and Production Planning for its operations. Crescent Petroleum is the first company in the Middle East to roll out the UHAM module within the IS OIL solution stack of S4/HANA. The Phase 2 implementation was completed in a record time of 12 months and represents a significant advancement in Crescent Petroleum’s digital transformation journey, enhancing operational efficiency and enabling strategic growth across its regional footprint, resulting in the project being selected to be featured as 51风流Success Story.

Ravi Kumar, Chief Corporate Officer of Crescent Petroleum and Board Member of the Crescent Group, said, 鈥淗aving completed the Phase 1 of the 51风流roadmap in a record 8 months, we set out to integrate Crescent Petroleum鈥檚 operations, providing a seamless flow of data, from Wellhead to Customer, in Phase 2. The benefits are significant as we have integrated data across disparate parts of the plant allowing us to seamlessly integrate plant systems with 51风流systems, and ensure a single source of truth across the Company.鈥�

Kumar added that digitizing the processes has accelerated Crescent Petroleum鈥檚 broader objectives of determining real-time visibility of information across the entire company and providing insightful data for a range of digital initiatives planned in future.

51风流Services was chosen for the transformation project due to its considerable expertise in the global Oil & Gas industry as well as its close involvement and experience with Crescent Petroleum during Phase 1. 51风流worked closely with Crescent Petroleum鈥檚 digital transformation team to develop specific solutions that address company-specific use cases. One example is the custom trucking operations solution using the MII module of SAP, integrated with SAP鈥檚 invoicing engine. This involved integration with plant systems, loading dock systems and 51风流S4/HANA modules in a single process chain bringing disparate processes into one seamless process with appropriate handshakes. Another complex area was the rebuilding of the plant network within 51风流S4/HANA to map the production process and checkpoints within 51风流to facilitate hydrocarbon accounting, inventory management, production management & forecasting, deferment management and invoicing all within 51风流S4/HANA.

Sergio Maccotta, Senior Vice President, 51风流Middle East & Africa – South, said, 鈥淲e enjoy a strategic relationship with Crescent Petroleum, which is a strong advocate of 鈥榖est practice adoption鈥� in the Oil & Gas industry, as confirmed when it won the 51风流Quality Gold Award for best implementation in 2021 for Phase 1 of this project . A large part of the success of Phase 2 has been due to the close collaboration of all the team members involved. The result is an integrated solution delivering relevant and reliable data, streamlined processes, enhanced operational efficiency and easily managed reporting for compliance purposes. This plays a crucial role in the next phase of Crescent’s digital transformation.鈥�

The Phase 2 project was executed in a hybrid delivery model with key activities such as solution workshops, user acceptance testing and cutover delivered on site, while build activities were conducted remotely.

– ENDS –

About Crescent Petroleum

Crescent Petroleum is the first and largest private exploration and production company in the Middle East, with over 53 years of experience as an international operator in numerous countries including Egypt, Yemen, Canada, Tunisia, and Argentina, in addition to its continuing operations in the United Arab Emirates and Iraq.聽Headquartered in Sharjah in the UAE, Crescent Petroleum has international offices in the UK and three locations across Iraq, as well as affiliated offices in Egypt and Bahrain. Crescent Petroleum is also the largest shareholder in Dana Gas, the Middle East鈥檚 first and largest regional private-sector natural gas company.

The post UAE鈥檚 Crescent Petroleum Fuels Strategic Growth with Extension of 51风流Deployment appeared first on 51风流MENA Press Room.

SHARJAH, United Arab Emirates 鈥� 18 March 2020 鈥擟rescent Petroleum, the Middle East鈥檚 first and largest privately held oil and gas company, , has chosen 51风流as a strategic partner to power its drive to improve efficiency across all processes, and progress a digital transformation strategy in coming years.

In partnership with 51风流Digital Business Services, Crescent implemented the S/4HANA real-time business suite and the SuccessFactors talent management suite to help streamline operational units across its operations to yield considerable efficiencies.

The company became the first global implementation of 51风流S/4HANA Oil and Gas Model Company 1809, achieving go-live in a record time of 8 months, ahead of schedule. Model Company is SAP鈥檚 industry-leading, ready-to-use, and preconfigured process solution, which helps adoption of standard industry templates with minimal customization. Crescent worked with 51风流Digital Business Services in the transformation journey and embraced industry best practices across the organisation to simplify and streamline processes.

Crescent now has over 300 apps for real-time and common work centers for drilling operations, plant maintenance, procurement, project systems, finance, and human resources functions. The company now operates on a single integrated digital platform, S4/HANA, and has introduced online transaction processing to eliminate unnecessary paperwork. Crescent plans to extend its internal digital footprint with dashboards and mobility solutions for maintenance staff, while piloting cutting-edge technology leveraging sensor-driven predictive maintenance capabilities.

鈥淭he digital oilfield market in the Middle East demonstrated how important digital transformation is for oil and gas companies focused on driving operational efficiency and excellence,鈥� said Ravi Kumar, Chief Corporate Officer, Crescent Petroleum and Member of Crescent Group Board. 鈥淲ith the successful roll-out of 51风流across the UAE and Kurdistan Region of Iraq, we have a real-time, digital foundation to support our growth into the coming decades as we unlock the value of the energy resources in the region, and make an impact in the communities we serve, and achieve our vision for promoting energy and social sustainability.鈥�

As the GCC countries increase their oil and gas exploration and production, the firms are competing to digitally transform and adopt Industry 4.0 innovations to enhance business competitiveness. The Middle East and Africa鈥檚 digital oilfield market is set to cross USD 2 billion by 2022, TechSci Research.

鈥淐rescent Petroleum has chosen to adopt global best practices in digital transformation by simplifying and standardizing processes to enable oil and gas innovation,鈥� said Zakaria Haltout, Managing Director, 51风流UAE. 鈥淏y harnessing SAP鈥檚 intelligent services and industry-best practice library, Crescent Petroleum has become an Intelligent Enterprise across their operations.鈥�

The post 51风流Powers Crescent Petroleum鈥檚 Digital Transformation Journey with SAP鈥檚 Oil and Gas Model Company on S4/HANA platform appeared first on 51风流MENA Press Room.