SAIC Ltd. has acquired ‘substantially all’ of the Oracle Energy Downstream (OED) Division from Oracle Corporation, including the OED product suite, the Site Fuels Management product and existing customer contracts. The OED Division provides an integrated suite of application modules developed specifically to support the downstream oil and gas industry.
The OED Division also provides all design, development, testing, support and maintenance services for the OED product. The OED suite of applications supports key business processes in the downstream oil and gas sector, including the supply, trading, storage and distribution of crude oil and processed products.
SAIC Information Resource Group VP Lewis Woollett said, “The acquisition of Oracle Energy Downstream is a significant development for SAIC in Europe. As well as complementing our extensive skill set, the OED acquisition gives us the opportunity to enhance our service offerings to both existing and new clients within the energy sector. This acquisition further signifies SAIC’s commitment to working at the forefront of technology innovation, as well as making a declaration to our customers that SAIC will continue to seek and acquire the highest quality technology solutions.”
Information Resource Group
SAIC Ltd. is a wholly-owned subsidiary of Science Applications International Corporation (SAIC), and a long-term strategic provider to the oil industry. SAIC provides applications support, applications infrastructure care and maintenance, software development, systems integration and project management to clients worldwide from multiple locations within the UK. OED employed a total workforce of approximately 80 in Hemel Hempstead (UK) and Nanterre, in the Paris suburbs. All staff will transfer to SAIC Ltd. and will become part of the Information Resource Group.