Ease Operations and Increase Efficiency
The global Oil and Gas industry is categorized by its large scale of operation across geographies, critical supply chain and 24*7 operations. Standardization becomes important role in such business environments. A solid ERP system offers functionalities like measuring, efficient monitoring, and forecasting, reporting, and analyzing the systems to empower the business to make better choices and drive to achieve designated goals. The aim is not just limited to cost savings; but also achieving competitive-edge in the business by quicker movement into new and emerging markets. Now a days, advanced ERP systems has helped companies to large extent to speed up the flow of data process, from the oil fields across businesses.“SEAL Infotech helps oil & gas enterprises to reduce operational risks, maximizing the asset lifecycles, meeting sustainability goals, and optimizing the human resources.”
Statistics
Oil & Gas Global Trends
Currently, nearly 4.5 billion metric tons of oil is produced globally per year, with the Middle East region has the biggest share of oil reserves up to 50%. Oil consumption is rising steadily over the last decade.
The USA is by far the biggest consumer guzzling nearly 19.4 million barrels per day. It is also world’s leading oil importers, just behind Singapore.
But in 2020, coronavirus pandemic had great impact on the industry. With mobility restrictions globally, reduced demand for oil, resulted in many oil benchmarks falling to their lowest levels in April 2020. Although recovering, oil prices seeing an annual average of USD $40 per barrel.
Expertise
Implemented Core Functionalities
SEAL Infotech’s service offerings for the oil and gas industry include usage of leading suite of ERP, asset management, and other related software integrated and delivered in a secured cloud. Mentioning below few core functionalities and critical challenges in this industry:
- Meet regulatory compliance
- Integrate business systems
- Optimize asset management
- Elevate environmental management
- Enable a connected workforce
Other Industries We Serve
Browse through our range of industries that we serve globally. Discover our innovative solutions that have added values to various enterprises and businesses.