Sign in Subscribe
Petroleum industry

Kerr-McGee Corporation Implements Oracle Energy Upstream Applications Suite

Strategic Insights

— 1 min read

Kerr-McGee Corp., an energy and chemical company, has successfully integrated its exploration and production (E&P) processes with the Oracle Energy Upstream applications suite. The implementation, which went live for 250 users, aims to enhance business efficiency and provide a comprehensive information management system. The Oracle Energy Upstream suite will deliver five key benefits to Kerr-McGee, including improved business assessments, information sharing, flexibility for merged organizations, seamless integration with existing Oracle Financials, and easy integration with third-party tools.

Key Takeaways:

  • Kerr-McGee Corp. has implemented the Oracle Energy Upstream applications suite, covering E&P business operations, including exploration, land acquisition, production, and accounting.
  • The Oracle Energy Upstream suite will deliver five key benefits: improved business assessments, information sharing, flexibility for merged organizations, seamless integration with existing Oracle Financials, and easy integration with third-party tools.
  • David Bender, E&P information technology manager at Kerr-McGee, praises Oracle for their partnership and the power of Oracle's solutions, citing the company's Year 2000 fix as a deciding factor.
  • Kerr-McGee has already begun implementing Oracle Financials Release 11, the Internet-computing version of the Oracle Applications, in two recently acquired chemical plants in Europe.
  • Oracle Energy Upstream is available in the U.S. and is scheduled to be globally available with the release of version 5.0 in May 1999.
  • Oracle Energy, a division of Oracle Corporation, delivers industry-specific software solutions for the entire E&P value chain, from prospect to pump.

Statistics:

  • Kerr-McGee Corp. has 250 users utilizing the Oracle Energy Upstream applications suite.
  • The Oracle Energy Upstream suite covers E&P business operations, including exploration, land acquisition, production, and accounting.
  • The company's annual revenues exceeded $3.7 billion.
  • Oracle Corporation's annual revenues surpassed $8.0 billion in 1999.
  • The Oracle Energy Upstream suite is currently available in the U.S. and scheduled for global release in May 1999.

Sources:

  • "Kerr-McGee Ties Together All of Its Exploration and Production Processes" by PRNewswire, February 8.
  • Oracle Corporation's press release announcing the availability of Oracle Energy Upstream.
  • Oracle Corporation's product details on Oracle Energy Upstream.
  • "About Oracle Corporation" from Oracle's website.

Read more