Kuwait Oil Company (KOC) has augmented its upstream enterprise resource planning system with several new modules from supplier P2 Energy Solutions (P2ES). KOC is to deploy additional modules from P2ES’ Enterprise Upstream (EU) for the management of field operations, production, joint venture accounting, settlement and production planning.
Web-based
EU is a web-based business management solution that integrates with existing ERP systems. The modular system covers business intelligence and reporting, exploration and production agreements, operations accounting and volume management.
Visibility
EU provides improved visibility of asset economics and ensures compliance with complex international business requirements. P2ES claims that EU’s configurability minimizes customization and lowers implementation and support costs.
Anani
P2ES president Tarig Anani said, ‘EU will allow KOC to track production, revenues and costs in one integrated system. P2ES understands the region’s business requirements and will continue to help our clients improve business processes.’
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