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Oil and gas leader Pertamina EP reveals the tech secret driving the success of their local operations.
Oil and gas industry leader Pertamina EP, together with leading geospatial solutions provider Esri Indonesia, have underscored the role of location-based analytics technology in helping companies cope with unique challenges affecting the industry.
“Today, the oil and gas industry faces a variety of challenges ranging from falling commodity prices, erratic market demand and unprecedented economic uncertainties which makes it even more difficult for companies to manage their complex supply chains,” Esri Indonesia CEO A. Istamar said during a recent high-level industry forum.
“As each company faces their own unique operational challenges, the need to achieve cost reductions, improve productivity, and enhance efficiency has never been more critical,” he said.
According to Mr Istamar, interestingly all of these activities rely on having high quality data to quantify and manage risks. In fact, an estimated 80% of the data needed to manage these processes effectively is location related.
Hadi Purwana, Geomatic Solution Assistant Manager from Pertamina EP said, “Spatial data plays an important role in any oil and gas lifecycle as it is the foundation of operational activities such as facilities management and field exploration.”
“Inaccurate spatial data can lead to the failure of key business operations and projects such as seismic drilling, thereby wasting valuable company resources and time. This is why Pertamina EP, along with an increasing number of organisations worldwide, are using location-based analytics technology,” Mr Hadi said.
Spatial data, especially in Pertamina EP, is very complex to manage since it involves a number of different legacy systems.
To address this, Pertamina EP used location-based analytics to integrate and analyse data from multiple business systems to create a smart map that provides users with the most accurate data needed to direct exploration, production activities and field operations.”
By having this technology in place, Mr Hadi said it equipped users across the entire organisation with actionable information that can help them make decisions that are timely, relevant, consistent and objective.
Furthermore, it provided decision-makers with greater awareness on risks that are likely to affect the business, thereby giving Pertamina EP the opportunity to strategically plan and mitigate any impact.
“When managers make a decision that is driven by the most up-to-date data, they can be confident they have made the best possible choice under the circumstances,” Mr Hadi said.
“The quality of decisions are then reflected on substantial improvements in productivity, operations, and services enabling Pertamina EP to remain competitive and set a truly world-class standard in the industry.”