LUKOIL Overseas Holding Optimizes Oil Field Development Projects with Integrated Project Management
- by Melissa Centurio Lopes
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LUKOIL
Overseas Group is a growing oil and gas company that is an integral part of the
vertically integrated oil company OAO LUKOIL. It is engaged in the exploration,
acquisition, integration, and efficient development of oil and gas fields
outside the Russian Federation to promote transforming LUKOIL into a
transnational energy company. In 2010, the company signed a 20-year development
project for the giant, West Qurna 2 oil field in Iraq.
Executing 10,000
to 15,000 project activities simultaneously on 14 major construction and
drilling projects in Iraq for the West Qurna-2 project meant the company needed
a clear picture, in real time, of dependencies between its capital
construction, geologic exploration and sinking projects—required for its
building infrastructure oil field development projects in Iraq.
LUKOIL Overseas Holding deployed Oracle’s Primavera P6 Enterprise Project Portfolio Management
to generate structured project management information and optimize planning,
monitoring, and analysis of all engineering and commercial activities—such as
tenders, and bulk procurement of materials and equipment—related to oil field
development projects.
A
word from LUKOIL Overseas Holding Ltd.
“Previously, we created project schedules on
desktop computers and uploaded them to the project server to be merged into one
big file for each project participant to access. This was not scalable, as
we’ve grown and now run up to 15,000 activities in numerous projects and
subprojects at any time. With Oracle’s Primavera P6 Enterprise Project Portfolio
Management, we can now work concurrently on projects with many team members,
enjoy absolute security, and issue new baselines for all projects and project
participants once a week, with ease.”
– Sergey Kotov, Head of IT and the Communication Office, LUKOIL Mid-East Ltd.
Oracle Primavera Solutions:
· Facilitated managing dependencies between
projects by enabling the general scheduler to reschedule all projects and
subprojects once a week, realigning 10,000 to 15,000 project activities that
the company runs at any time
· Replaced Microsoft Project and a paper-based
system with a complete solution that provides structured project data
· Enhanced data
security by establishing project management security policies that enable only
authorized project members to edit their project tasks, while enabling each
project participant to view all project data that are relevant to that
individual’s task
· Enabled the
company to monitor project progress in comparison to the projected plan, based
on physical project assets to determine if each project is on track to conclude
within its time and budget limitations
To view the full list of solutions view here.
“Oracle
Gold Partner Parma Telecom was key to our successful Primavera deployment,
implementing the software’s basic functionalities, such as project content,
timeframes management, and cost management, in addition to performing its
integration with our enterprise resource planning system and intranet portal within
ten months and in accordance with budgets,” said Rafik Baynazarov, head of the
master planning and control office, LUKOIL Mid-East Ltd. “
To read the full version of the customer success story,
please view here.
