Experts: Technology could turn region into oil, gas hub
11 September 2013, 11:44
Nairobi - Experts have called for the right technology to be deployed in order to position East Africa as a major and lucrative oil and gas market, following the recent discovery of the products offshore Kenya.
In an exclusive interview with CAJ News, Systems Applications Products (SAP) Managing Director for East Africa, Andrew Waititu, said Kenya's oil production and that of the region could always be transformed when the right technology solutions were applied to increase exploration, refining to pipelines and downstream distribution.
"In order for Kenyan businesses to succeed today, they need to have the right technical tools to drive business productivity, cut costs, enable transparent end-to-end visibility across the business and supply chain, while improving customer satisfaction and complying with strict sustainability, emissions, health and safety, and corporate governance standards at the same time.
"Economic growth and deregulation of the energy sector has also played a critical role in increasing demand in the import, export and distribution of oil and gas products throughout East Africa.
"Together with key partners, SAP Africa has developed comprehensive oil and gas software solutions that meets these requirements while also providing best practice solutions for these key industries," Waititu said.
He said the SAP Business One solution with its world-class financial, customer relationship management and logistics capabilities would address all the key requirements of the oil and gas sector by providing real-time visibility of profit and loss by Service Lines/Depots/Products, automating the procurement process through to online costing per shipment, tracking of products, integrated bond tracking which is updated through real-time transactions with alerts and status as well as the introduction of business rules to allow management by exception when necessary.
"Oil and gas are obviously assets in intensive environments across the entire value chain- from exploration to refining to pipelines and downstream distribution. SAP provides the solutions and tools to proactively analyse and predict potential equipment failure and by delivering the business requirements for the trend-leading digital oil field.
"Africa is expanding further into oil- and gas-rich African countries as growth in Europe remains subdued and Asian markets slow. SAP definitely has an interest in boosting Africa's energy productivity, particularly with key players recognising the massive business potential in Africa,"
Waititu told CAJ News.
Of late, Kenya, alongside Tanzania, South Sudan and Mozambique have been making huge oil and gas discoveries, which when combined could provide 30 percent of the world's oil and gas needs.
- CAJ News