It was predicted to be the year of mergers and acquisitions (M&A) (Wood Mackenzie Things to Look for in 2017 report) and so far, 2017 has seen a flurry of activity in the North Sea energy sector.
In anticipation of oil price recovery, oil majors are streamlining portfolios to generate working capital and emerging operators are in pursuit of cost effective expansion. Think Baker Hughes and General Electric, Cameron and Schlumberger or Technip and FMC Technologies, not to mention the smaller players who are merging as a strategy for survival.
Getting M&A deals over the line can be a complex enough process, however the challenges don’t stop there. When it comes to the actual merger or acquisition transition between companies, migrating commercially sensitive information, business processes and back-office systems has the potential to severely disrupt company performance at a time when sustaining operational efficiencies is vital towards maximising economic recovery.
There are mounting pressures to minimise these complexities during tight transition deadlines – the avoidance or mitigation of potential operational disruptions is critical.
This is why Enterprise Resource Planning (ERP) systems such as SAP® are an integral consideration in the M&A process, and can have a significant impact on the outcome.
As leading SAP specialists in upstream oil and gas, Absoft has established an unrivalled, trusted track record for seamless migration projects during mergers, acquisitions and divestment.
Absoft has over 26 years’ experience in upstream oil and gas, having successfully delivered a number of acquisition and divestment projects – ranging from the purchase of independents by global conglomerates to the sale of assets from within a wider E&P portfolio. Most recently, the Absoft team successfully separated a subsidiary on behalf of a global operator in a matter of weeks.
Absoft consultants combine detailed technical knowledge and extensive industry experience to ensure SAP system landscapes do not obstruct the sale or purchase of producing assets. We ensure systems remain fully functional before, during and after the acquisition or divestment to safeguard company operations.
Absoft is ardent about supporting the long-term safe, compliant and cost-efficient operation of major assets as they move to new ownership. For more information, visit: www.absoft.co.uk
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