KPC drills into Oracle 11i

Oracle Middle East, has announced that Khalda Petroleum Company (KPC) the Egyptian oil company has implemented the Oracle E-Business Suite 11i, to improve business efficiency and offset the high costs of oil & gas exploration, development and production.

  • E-Mail
By  Maddy Reddy Published  March 31, 2004

Oracle Middle East, has announced that Khalda Petroleum Company (KPC) has become the first upstream oil company in Egypt to implement the Oracle E-Business Suite, in a concerted effort to improve business efficiency and offset the high costs of oil & gas exploration, development and production. KPC chose modules, which covered projects, financials, purchasing, inventory and business intelligence software to streamline its back-office functions, centralise procurement and analyse financial data. The 19-year old Egyptian oil company, which carries out oil and gas exploration, development and production at more than seven different sites around the country, undertook the implementation with Oracle’s partner KPMG Egypt. “Oil exploration is an extremely costly process and we need systems in place that can streamline our other, non-core processes, while at the same time driving down operational costs,” says Khaled Ghazy, finance manager, KPC. More than 60 members of KPC’s 900 employees have been trained to use the new software applications, which has been operational since eight months. The new ERP system is expected to simplify procurement operations,obtain up-to-date financial data information and projections besides automate majority of KPC's internal processes, to reduce overhead and operating expenses. “Our new strategic alliance with Khalda Petroleum Company complements the existing partnerships with other regional energy companies, including Abu Dhabi Company for Onshore Oil Operations (ADCO), Kuwait Oil Company, ENOC/EPPCO, and ZADCO,” says Atef Helmy, managing director of Oracle Egypt.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code