BP Revolutionizes its Oil & Gas Downstream Business with AVEVA’s Solution in the Cloudprexisionet admin
BP is a global energy company that delivers heat, light and mobility products and services to people all around the world. It operates across 72 countries worldwide in power generation and all areas of the Oil & Gas industry — from exploration and production, to refining, petrochemicals and distribution. BP’s Oil & Gas downstream business processes 1.7 million bbls per day in eight oil refineries across the globe. As a global energy company, BP recognizes the significant impact of advances in digital technology, which is why it has placed a Digital Innovation Program in the heart of its business strategy. It was within this context that BP decided to review its global downstream supply chain management process. BP identified that margin improvements were being inhibited by current technologies, as well as organization and skillset requirements. Numerous unsupported bespoke tools developed at each of BP’s sites resulted in high maintenance costs and duplication of effort between corporate and local teams. The tools used were complex, hard to configure and not transparent enough for refinery analysts to quickly identify economic opportunities. Execution and sharing of best practices in refinery optimization were limited and a strong inertia existed to respond to dynamic market and operational changes. BP conducted a comprehensive evaluation to select a technology that would help standardize and simplify its supply chain business process. Key stakeholders were interviewed, and several commercial solutions were evaluated. AVEVA was selected because it had the ability to support BP’s digital transformation strategy. In addition, AVEVA had already proven itself as a trusted provider with Enterprise Crude Knowledge Management, which helps BP’s global teams quickly share crude information across the business.