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Best Practices for Oil & Gas

Akili is sponsoring the upcoming Best Practices for Oil & Gas Conference, Oct. 6-9 in Dallas, TX!

 

The Best Practices for Oil & Gas conference has emerged as a leading forum for upstream, midstream, downstream, and oil field services professionals to collaborate across the value chain. For the third consecutive year, hundreds of oil and gas professionals will unite to embrace new technologies, fresh ideas, and innovative solutions to enhance their current and future SAP initiatives.

This year’s program features first-hand knowledge on how SAP solutions have been successfully implemented and managed at oil and gas organizations with eight tracks of content. In addition, the program offers essential expertise from the industry’s top leaders, innovators, SAP experts, and ASUG members with keynote presentations, ASUG-led roundtables, and interactive workshops.

The exhibit floor features leading technology and service partners, and provides a closer look at their solutions and services. A collaboration of SAP, ASUG, and The Eventful Group, Best Practices for Oil & Gas will take place October 6-9, 2013, in Dallas, Texas.

For more information and to find out how you can save on your registration visit www.sap-oil-and-gas.com.

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Concho Resources spoke at SAP Oil & Gas Best Practices conference

Concho Resources spoke at the SAP Oil & Gas Best Practices conference on Oct. 7.

Concho Resources discussed choosing Akili and implementing SAP Business Planning and Consolidation (BPC) for Reporting (Project Phase 1) and Budgeting and Forecasting (Phase 2).

Thank you, Jeff Berglund and Willson Beebe!

If you missed the conference, join Akili and SAP for our Oct. 24 Webcast BPC Demonstration and to hear how Concho Resources Maximizes Cash Flow.

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SigmaFlow’s Oil and Gas Well Delivery Solution now delivered by Akili

Akili has paired our 20+ years of Oil & Gas industry implementation services with SigmaFlow’s Well Delivery Solution, to deliver dramatic value in oil and gas exploration through multi-schedule management, process execution and analytical reporting tools.

As the demand for energy increases, upstream oil and gas companies must continuously seek new ways to optimize and improve operations – shortening timeframes to production and optimizing cash flow. SigmaFlow’s Well Delivery Solution provides a standardized method to easily manage and track all pre-drilling activities. Akili’s collective knowledge of industry best practices and key performance indicators (KPIs) drives our ability to deliver SigmaFlow’s solution to improve our clients KPI’s through technology.

Well Delivery Solution

  • Drilling and Rig Scheduling
  • Standardized Process Execution
  • Data and Document Management
  • Dashboard and Reporting
  • Data Integration
  • Preloaded Well Information

Process Execution

  • Optimization of Tasks
  • Many Tasks performed in parallel, rather than sequential
  • Management and control of process hand-offs
  • Users work “in the system,” enabling the system to be the single source of truth
  • Actionable transparency over all activities “in process”

Multi-schedule management

  • Accurate status of survey, construction, drilling, completions, and gathering parties on all projects improves scheduling and empowers agile schedule adjustment.
  • Multi-schedule management forecasts schedule dates for high-demand 3rd party contractors.
  • Hand-offs and rework are greatly minimized, reducing non-value added work.
  • Improved planning reduces idle time, eliminating the majority of waiting time.
  • Parallel Task performance reduces costs and increases rig utilization.
  • Risk indicators and notifications empower proactive management and reduce fire-fighting.

Forecasting Key Milestone Dates

  • Reduce risks of rig-down-time by:
    • Ensuring an inventory of ready-to-drill wells (Dashboard chart can illustrate the inventory of drilling days).
    • Using process risk indicators to fine-tune the schedule.
    • Instituting “Rig Move” process execution procedures and measurements.
  • Improve performance by:
    • Capturing the root-cause reasons for downtime.
    • Benchmarking Planned vs. Actual performance (Actuals data can be imported).
    • Improve collaboration by sharing the web-based schedule with service providers
  • Achieve better results with:
    • Impact Analysis: What-if analysis of various scheduling scenarios to find the best possible plan.
    • Indicators illuminate schedule delays, exceptions, and prioritization of critical work to meet schedules (My-Work and Daily Digest emails)

About SigmaFlow

SigmaFlow was founded in 2001 and  is a leading provider of Process Execution solutions. The company’s solution portfolio includes  Oil & Gas Well Delivery and  NERC CIP & 693 Compliance. SigmaFlow products place a strong emphasis on embedding domain knowledge through process-driven template-based-architecture. The company serves a diverse global portfolio of customers in the mid-range and enterprise marketplace. SigmaFlow is headquartered in Plano, Texas.

Fill out the form below to download SigmaFlow’s Well Delivery Solution Brief

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Akili and Cisco co-sponsor Best Practices for Oil and Gas conference

Akili and Cisco feature their joint Oil & Gas Technology Solutions on HANA at the Best Practices for Oil and Gas conference Sept. 16-19 in Houston, TX.

The conference is North America’s leading forum for upstream, midstream, downstream and oil field services professionals to collaborate across the value chain. The fourth annual event has a significant shift to a business focus and features first-hand knowledge on how business solutions that have been successfully implemented at oil and gas organizations across all industry segments.

The event will feature special guest speaker T. Boone Pickens, an oil and gas and American business legend, sharing his views on enhancing U.S. energy policies.

Akili and Cisco’s exhibit will highlight their shared offerings of industry Best in Class Solutions for Upstream Oil and Gas including:

  • SAP ERP Solution for Upstream Oil and Gas

  • SAP BPC Solution for Integrated Financial and Operational Planning
  • Real-time business intelligence and predictive analysis across finance and operations
  • SAP HANA Solutions built on flexible, converged infrastructure for rapid deployment, scalability and cost containment

Best Practices for Oil & Gas will take place September 16-19, 2014, in Houston, TX. For more information and to register visit www.sap-oil-and-gas.com.

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Akili Announces Its XStream Upstream Oil & Gas Solution Is A Qualified SAP® Business All-in-One Partner Solution

Akili’s solution provides improved efficiency of revenue and venture management processes with software for hydrocarbon accounting to midsize companies

DALLAS, Texas — April 8, 2015 — Akili Inc. today announced the launch of XStream, a new solution designed specifically to meet the needs of midsize exploration and production (E&P) companies in the oil & gas industry. XStream is a qualified SAP® Business All-in-One partner solution that provides E&P companies with the affordability and expertise of the SAP application, while combining support for best practices in a pre-configured accounting solution based on SAP for Oil & Gas solutions. XStream includes support for production management, revenue accounting, cost accounting and reporting, joint venture accounting, tax and regulatory reporting, financial management and program management.

SAP Business All-in-One partner solutions are qualified by SAP and developed, sold and supported by SAP channel partners like Akili as a defined-scope implementation with consulting services, and offer the flexibility to accommodate the unique business needs of each customer. Qualified SAP Business All-in-One partner solutions are preconfigured, industry-specific versions of the SAP ERP application combined with SAP Best Practices offerings, enabling streamlined operations, lower costs and a proven path to growth.

With XStream, companies can benefit from a pre-configured solution that reduces implementation time and required resources. Quick personalization and configuration can meet businesses needs from pre-built industry best-practices templates. Profitability and performance are managed better through streamlined operational and executive reporting, with access to information provided by a single integrated system where all areas of the business are consolidated. Companies can benefit from increased speed to market when evaluating acquisitions and new business ventures, and a rapid return on investment from reduced overall cost of operations through efficient processes, integration and lower infrastructure costs. Akili’s XStream is an affordable package that provides tight integration across numerous business processes.

“The oil & gas exploration and production marketplace is a dynamic operating environment where daily decisions can have significant and immediate impact on profitability, debt and cash flow,” said Shiek Shah, CEO, Akili Inc. “Changing commodity markets can dramatically affect company performance, and significant capital requirements require ongoing evaluation of existing and potential investment opportunities. By implementing Akili’s pre-configured ERP solution that integrates with production and operations systems, businesses can maximize back-office process efficiency, even in complex accounting environments like those found in E&P firms. By working with SAP, we have successfully enhanced our solution to leverage SAP’s strength of integration and the support capabilities of a leading software vendor, all combining for an improved customer experience.”

Combining Akili’s expertise in the oil & gas industry and its vertical business processes with SAP’s ongoing industry expertise and proven implementation methodology, XStream provides customers with a rapidly deployed, easily managed enterprise software solution for improved business processes and quick results.

About Akili
Akili (pronounced (uh • kē’ • lē) meaning “knowledge” in Swahili) is a business management and technology consulting firm founded in 1992. Akili is headquartered in Dallas, Texas with locations in Houston, Texas and Denver, Colo. Akili delivers IT solutions for Fortune 2000 companies and is focused on industry solutions for oil and gas, telecommunications, finance, high tech and retail, among others.

Akili’s success rate spans 20+ years of precision of implementation design and trusted delivery that combines technology and management consulting. Akili brings world-class capabilities and is results-oriented, client-focused, and easy to work with. Ultimately, Akili enables its clients to move their key performance indicators in the right direction.

SAP, SAP HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

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Oil and Gas Dashboard for Finance

Get real-time, actionable insights into your financial data from enterprise data systems such as SAP BPC in a single, organized dashboard solution.

Get summarized information on important organizational metrics such as production, cash flow and exploration costs. Review actuals and forecasted capital spending, revenues and expenses. Access the dashboard with your iPad for analytics on the go, anytime, anywhere.

OIl and Gas Financial Dashboard

(Launch Mobile Enabled Dashboard from your mobile device with button below).

HTML 5 dashboard button

Benefits & Value:

  • Leverage existing investments in SAP BPC / BW infrastructure allowing a rapid development lifecycle.
  • Connect directly to your company metrics defined on your enterprise data warehouse systems.
  • Security and user access to data can be secured using the SAP BusinessObjects BI 4.x platform.
  • Take action immediately on insights using the SAP BusinessObjects Mobile app or the SAP BI LaunchPad.

Common issues addressed:

  • High effort in development of reports for executives.
  • Accurate and timeliness of information.
  • Clarity and ease of taking action on insights.

Deliverables:

  • Mobile compatible dashboard for Business leaders and Financial executives.
  • Connectivity to enterprise data sources such as SAP BPC/BW.
  • Documentation
  • Training Plan
  • Data Strategy
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Akili’s Upstream Oil & Gas Data Conversion Solution

Are you prepared for the Data Migration Challenge?

Akili has developed Pre-configured Migration Content to Support the Entire Data Migration Process for an ERP Program

  • Data extraction: SAP BusinessObjects Data Services tool helps to connect to most known legacy systems to extract legacy data (master & transaction).
  • Data mapping: Data mapping and restructuring functionality supports all the major master data business objects required to configure SAP Business All-in-One as the target system.
  • Data validation: Contains predefi ned content for business logic validation and data quality improvement. Dashboards to identify and visualize data errors early in the process.
  • Data load: Contains program to activate the Idoc’s needed for the data migration process.
  • Reconcile data: Right data to support the business process.

Benefits Achieved

  • Poor quality master data unable to support core business processes.
  • Lack of quality data can make new system unusable.
  • Return on investment is at risk if implementation is delayed.
  • Surprises early in a project can be managed – surprises late in a project are a huge problem.
  • Inability to track and manage the project can cause “surprises” late in the project.

Check out the presentation below for more details:

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Accelerate Your New Asset Assimilation

Learn from SM Energy’s experience, working with Akili, to accelerate their process for asset assimilation

Upstream Oil & Gas companies strategically look to acquire assets as a method for growth and market penetration. The integration of those new assets into their SAP environment is critical to gain the most value from the acquisition.  Frequently the data conversion to an SAP system is considered a trivial task and is given inadequate attention in the overall integration timeline.  A proper data conversion strategy is key to the success of supporting these assets within SAP.  While working with SM Energy during their SAP ERP implementation, Akili developed a rapid deployment data migration solution to accelerate the conversion of critical data to support an acquisition.

View the presentation below for insight into leveraging the following with your next new asset assimilation:

  • A SAP Rapid Deployment Solution (RDS) that can be quickly deployed in your environment using standard SAP tools (Data Services)
  • Over 70 pre-built data load objects
  • A pre-defined data load process with key tasks and dependencies to optimize the data load time
  • Pre-developed error reporting to assist with data quality issue identification
  • Tools to support auditing of the conversion process

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SM Energy and Akili to Speak at Best Practices for Oil and Gas Conference

SM Energy and Akili to speak at Best Practices for Oil and Gas Conference – Tuesday, September 13 @ 2:20 PM Central

BPOG SMENERGY Speaking

With the current oil and gas market conditions, it is more important than ever for the industry to come together to hear solutions and expertise on how to survive, adapt and thrive. Best Practices for Oil & Gas is built and delivered by the oil and gas community — hear from your peers on how to drive value from technology to reduce costs, drive operational efficiencies, increase visibility, become more agile and improve your bottom line.

Registratoin banner BPOG 2016A collaboration between SAP, Eventful Conferences and ASUG, Best Practices for Oil & Gas is designed for all industry segments including upstream, midstream, downstream and oilfield services. The annual conference brings together senior leadership, decision-makers, business process owners, analysts, super users, support teams, solution providers and more to one location for an interactive event built around learning and collaboration.

To register and for more information visit bestpracticeconferences.com/oilgas

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SM Energy’s Data Conversion Success was driven by Akili’s Pre-Configured Data Conversion Suite

Akili will speak alongside SM Energy at the SAP Best Practices for Oil & Gas conference in Houston later this month.

Wednesday, September 23 at 1:45PM Central

 

SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in onshore North America.  SM Energy began a project in the spring of 2013 to implement SAP’s Upstream Oil and Gas solution with a large system integrator. In January of 2014, SM Energy asked Akili to perform an assessment of the program due to the lack of velocity in the implementation.  With a Go Live schedule for January 1, 2015, the project had not started the data conversion process.

Akili engaged with SM Energy by changing the implementation process from a waterfall approach to an agile method, to provide multiple reiterations of the data conversion process to ensure the highest data quality for Go-Live.  Each of the four data conversion cycles were aligned to the appropriate test cycles so the data could be evaluated within each business process.  Furthermore, each cycle of the four data conversion cycles increase the scope and success targets to ensure the most important data was focused upon early in the cycle while additional supporting characteristics were included by the January 1, 2015 Go Live.

By using this approach, Akili started the first cycle of data conversion within 60 days and achieved a greater than 70% conversion on the approved scope.  With each cycle, Akili introduced new controls and data integrity checks to achieve the required 95% data conversion at Go Live, while providing the necessary audit requirements.  SM Energy realized their success in data quality and conversion by leveraging the pre-configured template approach as provided by Akili’s Data Conversion Product Suite built on SAP Data Services.


The Best Practices for Oil & Gas conference is North America’s leading forum for upstream, midstream, downstream and oilfield service professionals to collaborate across the value chain. The fifth annual event is designed to help you address, adapt and thrive in this dynamic market. Learn innovative ways your peers are improving operating efficiencies, maximizing value, cutting costs and leveraging past and new investments to be equipped with the tools to win. Don’t miss your chance to attend this unique event September 22-25, 2015, in Houston, TX. Best Practices for Oil & Gas is a collaboration of SAP, The Eventful Group and ASUG. For more information and to find out how you can save on your registration visit www.sap-oil-and-gas.com.