By sheer nature of the products dealt with by this industry, the industry shows wide-scale variations in business requirements in upstream, midstream and downstream segments. Some of the top challenges the industry faces include:
- Enterprise manufacturing solution specially designed for process industry.
- Price volatility leading to extreme pressures on profitability.
- Stringent norms for compliance to environmental, health, safety and securities regulations.
- Collaboration with trading partners.
- Optimal utilization of assets in proactive manner.
- Managing engineering change process.
- Control projects to meet delivery targets.
- Integration with diverse sources of exploration information to manage risks.
- Manage oil well profitability and lifecycle.
- Manage complex plant turnarounds and maximize profitability.
Reaching new levels of business efficiency
The oil and gas industry is responsible for a broad spectrum of cutting-edge technology for finding and producing petroleum reserves. Yet back-office processes typically operate on more mature systems. Genuine IT combines end-to-end IT services, industry-proven oil and gas solutions and upstream expertise to help organizations create agile and cost-effective infrastructures that reduce costs and reach new levels of efficiency. Through an accountable and flexible approach, Genuine IT also manages back-office functions on oil and gas client's behalf, allowing organizations to fully focus on reaching new frontiers.
Genuine IT Expertise
Genuine IT has been reckoned as a Global Systems integrator providing practical ERP solutions by exploiting the latest technologies to prepare our "Real Estate & Infrastructure Clients" for the future.
GenuineIT Experience and Expertise
- Vast pool of professionals providing solutions and services to the Oil & Gas industry.
- Industry-proven solutions in production accounting, financial accounting, production management, land administration and marketing.
- Specialized services for royalty trusts to help synchronize the vital processes related to land management, production, marketing and financial accounting.
- Environmental solutions in employee health and safety, product stewardship, incident management and regulatory compliance, including REACH.
- Genuine IT has domain and sub-domain specific professionals who can bring measurable value in the following areas:
- Robust product footprint providing functionalities for upstream, midstream and downstream Oil & Gas.
- Powerful project costing and project accounting solution to manage complex projects.
- World class HCM and knowledge management tools for every layer of workmen.
- Flexible services procurement wit robust collaboration and sourcing capabilities.
- Condition based maintenance for transforming reactive maintenance strategies to proactive strategies.
- Zero latency, real- time collaboration for advanced planning solutions enabling planning for all horizons.
- Functionalities for modelling and managing complex process flows in manufacturing.