Oil and Gas solutions
Optimize asset maintenance and manage critical information and operations with Oil and Gas solutions from OpenText
Today's challenges
Companies in upstream oil and gas production, midstream transportation and downstream refining are fighting a constant battle to remain profitable in the face of industry challenges.
The variable price of oil
The price of oil dropped dramatically in 2014 and continues to fluctuate. This has forced the oil and gas industry to focus on operational excellence to keep operating costs at a level that ensures profitability even when the price of oil is low.
Mergers, acquisitions and divestments
Operational systems consolidation must be achieved quickly and efficiently to produce economies of scale and business efficiency.
More data, less insight
The inability to efficiently draw on data sets hinders companies from automating simple decisions and using analytics to improve production uptime.
Renewable energy sources
The rise in popularity of renewable energy is causing a reduction in demand for oil and gas products and forcing oil companies to review their business portfolios.
Customer success stories
If we manage our information consistently through the lifecycle of the information, then that is just a benefit for Marathon and the way that we run our business.
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OpenText Documentum Capital Projects benefits both Tecnimont and our clients. It allows us to adapt to their needs and adds value to our business and theirs too.
The support and assistance we receive from the OpenText team means we never feel alone. We know they are always there to help us meet our goals. Overall, we have a better service than ever, and we've reduced our overall costs by 21 per cent.
OpenText Oil and Gas solutions benefits
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Create a foundation for operational effectiveness
Efficiently manage the creation, review and approval of regulated asset documentation.
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Unify business processes and secure information
Break down information silos, align processes and securely share relevant information.
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Leverage data for meaningful insight
Augment traditional data management with AI-powered analytics.
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Streamline regulatory compliance
Gain efficiencies with intelligent automation and direct access to synchronized enterprise information.
Refining and petrochemicals have been in the vanguard of process automation for many years, but we are now seeing signs that the other sectors are turning their attention to digital opportunities. Those that succeed could be well-equipped to thrive through business cycles and be responsive to customer and societal expectations.
OpenText Oil and Gas solutions
Manage engineering documents, from projects to handover to asset management and maintenance
Manage creation, review and approval of engineering documents, from projects to handover to assessment
Accelerate creation, review and approval of project documentation with a SaaS-based public cloud solution
Simplify the sharing, collaboration and transmittal of project deliverables with suppliers
Collect and analyze engineering and machine data to provide insight
Facilitate efficient, secure and compliant B2B exchanges
Contact us to speak with a member of the Oil and Gas team
Oil and Gas resources
Blogs
- IIoT and the road to data monetization
- Top technology predictions for the energy industry in 2020
- The role of smart Personal Protection Equipment
- Aging assets stand in the way of operational excellence
- Roy Hill uses OpenText to unearth productivity improvement