Smart Oil & Gas

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SAP Moves Upstream

By Jill Feblowitz

The Oil and Gas (O&G) applications market traditionally was big and small at the same time. Big in the sense of the magnitude of spending on applications, but small compared to the manufacturing industry which has a large number of companies. So ERP vendors have had the challenge of deciding how much O&G functionality to build out to satisfy the needs of their O&G customers, functionality that could be sold to a limited number of companies. In recent years, the number of companies in the O&G market has grown, with the rise of national oil companies and the proliferation of upstream and midstream companies focused on enhanced oil recovery and unconventional resources. ERP vendors have taken notice and made efforts to engage the industry in a dialog about solution development. This trend is demonstrated by the engagement of SAP with its oil and gas customers.

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The International Energy Agency’s recently released World Energy Outlook 2012 contained at least one headline grabbing forecast – that the United States is projected to become the largest global oil producer by around 2020, overtaking Saudi Arabia, and putting North America on a path to become a net oil exporter around 2030.

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