One of the world’s largest independent oil and gas operators, headquartered in Europe with operations spanning multiple countries, produces approximately 500,000 barrels of oil equivalent per day. With over 5,000 employees and annual revenues exceeding $10 billion, this industry leader has built its success on safe, efficient, and responsible hydrocarbon production while creating value for stakeholders. 

The company has grown rapidly through strategic acquisitions, establishing itself as a global leader in the independent oil and gas sector. Their purpose centres on playing a significant role in meeting the world’s energy needs through responsible production practices. 

Highlights

Reduced unplanned downtime by more than 5% - Saving millions in unplanned maintenance costs. 

Decreased inventory levels by more than 8% - Releasing millions in working capital for reinvestment. 

Achieved supply chain cost reduction of more than 10%– Through improved data quality and standardization. 

Significantly reduced inventory stock-outs - Ensuring critical parts availability on remote offshore rigs. 

Challenges

1. Capital Project Efficiency 

Running capital projects efficiently while managing complex supply chains across remote offshore locations required precise inventory management and parts availability. 

2. Asset Reliability & Production Availability

Maximizing mean time between failures on floating oil rigs while minimizing mean time to repair. Critical parts, consumables, and PPE needed to be readily available on remote ocean-based platforms. 

3. Supply Chain Cost Optimization

Reducing supply chain costs while maintaining safety standards and avoiding expensive emergency helicopter deliveries to offshore rigs. 

4. M&A Integration Capabilities

Enabling rapid acquisition and assimilation of other oil and gas operators, requiring standardized data management processes across multiple ERP systems. 

Solution

The company evaluated multiple Master Data Management vendors before selecting SpheraCloud Master Data Management for MRO, activated with Sphera’s Master Data Management Professional and Data Cleansing services. 

SpheraCloud Master Data Management for MRO  

Comprehensive master data management platform providing a single source of truth for MRO data across multiple ERP systems including Maximo and SAP. 

MDM Professional Services 

Expert data cleansing, classification, standardization, consolidation, and enrichment services with complete data migration support. 

Technical Dictionary & Standards 

Mature, complete MRO technical dictionary providing the foundation for clean, standardized data across operations. 

Results

1. Operational Excellence 

Significant reduction in unplanned downtime and inventory stock-outs, ensuring continuous production and maximizing revenue from oil sales. 

2. Financial Impact

Millions of dollars saved through reduced unplanned maintenance, optimized inventory levels, and improved supply chain efficiency. 

3. Enhanced Safety & Sustainability

Reduced need for expensive and fuel-inefficient helicopter deliveries to offshore rigs, improving both cost structure and environmental footprint. 

4. Organizational Transformation

Teams are 10-20% more productive with improved morale, reduced turnover, and enhanced collaboration across departments. 

The big benefit is certainly one source of truth – it’s a one-stop shop. Currently with the latest acquisition, we have over 500 users within the system for material masters and requesting new material masters. For the organization, if you are in region A and use a different system and you go to region B and had a different system, now you don’t have that – it’s one system, one way of doing it. It’s easy for the business to jump from one region to another. 

— Senior Executive, One of the World’s Largest Independent Oil & Gas Operators 

What made this happen?

Sphera delivered the best overall price-performance ratio with experienced professionals who understand both MRO and Oil & Gas operations. Their comprehensive “one roof” approach provided software, people and services for complete success. 

Sphera’s MDM solution became the foundation for operational excellence across this global operation. 

SpheraCloud Master Data Magement for MRO

Cloud-based master data management platform designed specifically for MRO operations, providing real-time data governance and quality control. 

Data Cleansing Services

Professional services for data standardization, consolidation, and enrichment, ensuring high-quality master data from day one. 

Expert Consulting

Industry-experienced professionals who understand oil and gas operations, providing ongoing support and guidance for continuous improvement. 

About this company

5,000 employees  

Annual revenues $10+ billion 

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