Shelf Drilling, an offshore drilling company providing shallow water services to the oil and gas industry, has reduced the time spent on the transfer and consolidation of operational data by 98 percent following the implementation of the Jedox EPM solution, according to Jedox, a provider of Enterprise Performance Management (EPM) solutions for Financial Planning and Analysis (FP&A).
“With Jedox, everyone in our organisation – from our headquarters to our offshore rigs – gets a close to real-time view. Business users can simply assemble the data in the system and the required operational data is immediately available for use in models and reports,” said Bryan Teo, ERP director at Shelf Drilling. Offering an example of how this data enables the company to enhance its operations, he said, “With the very accurate transfer of almost real-time data on fuel consumption from the rigs, we can optimise our engine hours, save fuel, and be more sustainable.”
Consequently, this has enabled the company to enhance efficiencies across key functions including rig maintenance and fuel tracking.
Shelf Drilling, headquartered in Dubai, operates 30 rigs in eight countries and has 12 onshore locations, employing approximately 3,100 people. The company was looking to implement an integrated planning system as part of its efforts to modernize and digitize its operations. Because the satellite links connecting Shelf Drilling’s rigs to its headquarters have limited bandwidth, the company required a solution that could replicate data offline and in the background.
“With Jedox, we were able to streamline and simplify our data management process. Information collected is automatically synchronised in the cloud and seamlessly consolidated, providing a single source of the truth. Further, the online approval functionality within Jedox has enabled us to digitalise project authorisations company-wide, increasing compliance while eliminating paperwork,” said Ian Clark, Executive Vice President at Shelf Drilling.
The company’s evaluation found Jedox’s offering not only met these requirements, but also offered the ability for its decision makers to effortlessly visualise planning and operational data through intuitive dashboards and reports.
Shelf Drilling can now maintain a consistent, always up-to-date, single source of financial and operational data by integrating Jedox’s solution with its existing enterprise resource planning (ERP) and business intelligence (BI) tools. This near real-time data is used for a variety of purposes and across departments, including maintenance forecasts, project approvals, and emissions tracking.
Shelf Drilling has also built another solution on the Jedox platform utilising the in-built approval workflow engine, to manage project authorisations. This solution helps eliminate paper approvals that previously had to be scanned and emailed to the next approver before being uploaded to the ERP system as evidence of project authorisation.
“We are proud to have been selected by Shelf Drilling for this landmark digital transformation project which enables them to enhance collaboration, planning, operations and forecasting across their entire enterprise. We are especially excited to see how they are continuously maximising their utilisation of our platform by introducing new, innovative use cases, as they roll it out to additional departments such as marketing,” said Andreas Simon, Regional Director MEA at Jedox.
