Efficiently managing drilling and completions capital expenditures (CapEx) is one of the most critical business and operational capabilities required in today’s hydrocarbons price environment. Many of our clients struggle to bring in data from SAP and disparate upstream solutions such as WellView and Enersight to provide a single operational and financial view. When comparing capital outlay forecasts against actual spend, the process requires tedious, repetitive, and manual queries out of custom spreadsheets and data warehouses. Energy companies have limited and imprecise visibility to the future because of the translatability of complex operational projections to corporate financial planning such as frack stages completed to total capital costs, rig move days to intangible drilling costs, etc. In this session, we will show you how Marathon Oil integrated data from these sources into a single tool utilizing SAP Analytics Cloud to demonstrate data consistency, transparency, and actionable insights.
Key Business Benefits:
- Improve capital management and discipline.
- Optimize activity planning.
- Align understanding between frontline operations and corporate planning.