Oil and gas
Want more Performance for the Oil and Gas Sector?
One of the main industries in Brazil, the Oil and Gas segment has been investing heavily in the adoption of new technological practices in its activities.
With the arrival of the digital age, new possibilities for convergence between IT and operational areas have emerged. In this way, companies can optimize the way they manage and connect information and data extracted from processes, their assets and the environment in which they operate.
As an example of this technological advance, we can mention the implementation of IoT - Internet of Things (technology that integrates machines and equipment, detecting, processing and reacting automatically to the collected data), where the sector was one of the precursors in its adoption.
As it is an industry with a complex business process, the use of technology can add a lot to the solutions to the challenges faced. In the table below, we present some of these challenges and how digital technology can help you to face them.
See the Main Challenges and Proposed Solutions:
- Dealing with seasonality (which implies the constant change in raw material costs)
Use fuel management technologies that integrate oil supply chain systems, and manage the storage and transportation of products.
- Regulatory control of environmental, health and safety standards.
Using a solution that allows organizations to report and track occupational incidents, as well as handle accounting and reporting on environmental impacts.
- Control of production costs and predictability of profitability.
A solution that allows industrial processes to deliver lower cost formulations and better quality cost accounting to companies, allowing an overall accounting view of what is being spent in the process.
- Management of a complex and international supply chain.
Provide advanced supply chain planning, strategic network optimization and production scheduling.
Discover the Oracle JD Edwards Solution for the Oil and Gas Industry
Oracle's world-class solutions for data, asset, project and supply chain management are transforming the oil and gas business. With our solution, you can:
- Integrate your industrial operations.
- Manage the lifecycle of your assets.
- Generate a strategic action plan.
- Have greater financial control and management.
- Have other specialist modules for Oil and Gas at hand.