Petrom, the largest oil and gas producer in South Eastern Europe, is introducing the leading Enterprise Resource...
Petrom, the largest oil and gas producer in South Eastern Europe, is introducing the leading Enterprise Resource Planning (ERP) System SAP as its main business software application. One integrated ERP system is necessary to fulfill the requirements of international markets such as following the International Financial Reporting Standards (IFRS).
“With an investment of around EUR 50 Million and team of approximately 100 local and international experts this SAP implementation is currently one of the largest IT projects in entire Romania. We expect a clear improvement in the efficiency of our operations through the standardization and harmonization of processes and integration of all our data in one system. Implementing SAP is an important step in modernizing our company and applying international standards.“, stated Reinhard Pichler, the CFO of Petrom.
The SAP implementation at Petrom started in June and will continue until end of 2007 before the full functionalities are installed across Petrom. The investment in the application is supported by extensive efforts on training and qualifying the Petrom employees for the new system. Through the establishment of an internal SAP Competence Center and integration of local consultants into the project team Petrom is supporting the development of highly qualified jobs on the Romanian market.
As the worldwide market leader in enterprise software applications SAP is providing and supporting international standards for business processes and solutions. Therefore introducing SAP is one of the premises for Petrom developing its leading position in the oil and gas market in South Eastern Europe. The application will be introduced to support all the core processes in finance, controlling, material management, sales and distribution as well as human resources area.
“Petrom is consolidating its data from approximately 100 local IT systems to a single one, SAP. This results in increased transparency, real time reporting possibilities and faster information flow with higher quality of data, which all support the efficiency of Petrom’s operations”, stated Christian Ogris the CIO of Petrom.
Petrom is the largest Romanian oil and gas group, with activities in the business segments of Exploration and Production, Refining and Petrochemicals, Natural Gas, as well as Sales and Marketing. Petrom has estimated oil and gas reserves of 1 billion boe, an annual refining capacity of 8 million metric tons and around 550 filling stations in Romania. Austrian OMV, the leading oil and gas group in Central Europe holds a 51,011 per cent share in Petrom.