OMV, Petrom deploy Palantir’s Cash and Plan

Petroleum economics and portfolio management solutions standardized at Austrian major.

Austrian OMV and its 51% owned Romanian unit Petrom have adopted economics and portfolio tools from Palantir Solutions. OMV will deploy PalantirCash and PalantirPlan in a global economic and portfolio planning system for the two units. The new system will improve process efficiency by reducing manual data input, drawing data from multiple third party sources of reference. The aim is to provide OMV’s businesses with ‘a comprehensive overview of global assets to aid decision making and planning at both local and global levels in a standardized manner.’

PalantirCash provides ‘secure and standardized’ economic analyses. PalantirPlan provides planners with insights into the portfolio, creating detailed business plans, setting targets and optimizing holdings. More from

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