Newfield Exploration has extended its implementation of P2ES Enterprise Upstream business management suite to cover all of its North American locations. Newfield’s deployment links Enterprise Upstream with Oracle eBusiness Suite including general ledger, accounts receivable, accounts payable, joint interest billing, AFE and settlement. Initially, Enterprise Upstream Land, Production and Field Operations are to be deployed. Newfield plans to have its Malaysian office on the same system by the end of 2005.
Newfield Controller Brian Rickmers said, ‘Integrating our offices in Tulsa, Houston and Denver means we can track production, control costs and manage our domestic operations efficiently. By expanding the implementation internationally, our ability to manage our business processes world wide is even greater.’
Enterprise Upstream is a platform-independent web-based oil and gas business management solution that integrates with corporate ERP systems. The system includes modules for business intelligence and reporting, operations accounting, land management and volumes management—leveraging a centralized, cross business-domain data store.
Newfield’s initial P2ES deployment dates back to 2003 (OITJ Vol. 8 N° 7) when P2ES helped Newfield establish an enterprise datamart to provide a single, centralized source of operations and financial data to all of its office and field personnel. P2ES, a Petroleum Place unit, was created in January 2003, by the merger of Paradigm Technologies, Novistar and Petroleum Financial.
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