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Owing to high capital requirements and risk, joint ventures are pervasive in the oil and gas industry. The benefits of such relationships are significant, however many challenges exist to realizing maximum efficiencies. Integrating the information infrastructure of partner companies has its own complexities, while the onset of digital technologies further complicates technical requirements. Enterprise Enabler's new integration technology addresses the financial/production reporting and security challenges of joint ventures, while supporting each partner's business strategy. The value of Enterprise Enabler to the oil & gas joint venture includes… |
| Maximizing revenue and effectively utilizing assets requires integrating disparate systems and work processes. |
Enterprise Enabler - Supporting Joint Ventures in Oil & GasEnterprise Enabler makes connecting to a variety of financial and production reporting systems practical by creating a "plug-and-play" integration framework. This rapid integration capability makes for greater marketability of the asset as new owners are able to quickly integrate financial and production reporting of the asset into their existing information infrastructure. Whether a partner has SAP, Oracle or a legacy back office system, Enterprise Enabler provides a framework in which new partners may quickly enjoy visibility of the production and financial performance of the asset. This is also true of whatever production reporting systems may be present on the asset. For additional information on Enterprise Enabler please visit our product page…[here] |  |
Enabling Security and Data Integrity in Oil & Gas Joint Ventures | Enterprise Enabler provides IT security and data integrity throughout life of the joint venture - from discovery through the sale of the asset. Operation managers and joint venture partners require accurate, timely, and reliable daily production quantities to make effective operational and business decisions. Enterprise Enabler facilitates both of these objectives within the structure of the joint venture partner by sensing changes in data sources as well as changes outside predefined limits in the data. If any data structure(s) within the production asset is changed, intentionally or otherwise, Stone Bond's patented Integration Integrity Process (IIP) can notify all relevant parties of the change immediately. Additionally, IIP identifies all the potentially impacted elements and launches a workflow management process that notifies appropriate individuals of the potential impact of the change, including external dependencies. A thorough auditing process coupled with encryption/decryption features further secures data as it is transferred and transformed. |
Consider the security requirements around the sharing of information between joint venture partners. The figure below illustrates how a secure environment between departments, companies, and business partners can be erected using Enterprise Enabler such that only authorized transactions and views of information from the joint venture are disseminated. Enterprise Enabler effectively erects a secure barrier between the two computing environments - the owners of the joint venture, in this example. Access to data is controlled according the unique security policies of each partner company. 
| Here is an illustration where Enterprise Enabler: - Consistently enforces common security policies
- Insulates and controls access to sensitive data between partners
- Senses changes to all data sources involved, notifying stakeholders
- Thoroughly audits all requests across enterprises
Additional examples of changes that may pose risks to the physical or IT infrastructure include… - Changes in the structure of a database
- Changes in data exceeding limits - monetary, physical, engineering…
- Changes in units - monetary or physical
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Transformation of Data into Information in Oil & Gas Joint VenturesEnterprise Enabler can link and aggregate information from multiple source systems having differing data structures, perform complex manipulation and mapping of data, then securely serve the resulting information to the appropriate stakeholders. Enterprise Enabler contains a robust transformation engine to automate the task of accessing, converting, and publishing information. Types of conversions performed include…
Source transformation - from various database formats to HTML, XML, spreadsheet, etc.
Unit conversion - one business partner uses metric while another uses imperial units
Financial conversion - exchange rates
Example: Various stakeholders require a daily report from operations, on spreadsheets via email. Stakeholders are located in multiple countries and require their information in metric or imperial units and local currencies at their current conversion rates. At set intervals, Enterprise Enabler can extract the requisite information from a production system on a relational (ODBC) database, production rates from a distributed control system (DCS), and cost and sales to date from SAP. These data and current monetary conversion rates are aggregated by Enterprise Enabler from their various sources; units are transformed according to the requirements of each stakeholder, converted into an Excel format and distributed via email - all without manual intervention. Enterprise Enabler therefore automates the transformation of raw data into meaningful information, on which informed decisions can be made by operations and joint venture partners. For additional information on Enterprise Enabler please visit our product page…[here] Downloads:
Joint Ventures Datasheet
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