HOW WE HELP MANAGE COST AND RISK

The Upstream Oil and Gas industry is constantly grappling with volatility, ever-tightening budgets and a relentless focus on efficiency. The Lumos 365 is a single digital platform that equips you with the tools you need to easily control cost and risk at each stage of the value chain, enabling you to plug profit leakages and maximise returns.

DRIVING DOWN COSTS

We safeguard you from compliance penalties, maximise cost recovery from joint venture partners, eliminate the expense of inefficient value chain transitions and free you from the CAPEX of deploying fit-for-purpose business applications and reporting solutions.

BREAKING THE LIMITATIONS OF ERP SYSTEMS

For too long, large global Upstream Oil and Gas companies have been shackled by ERP systems that are rigid, expensive, resource-intensive and carry high recurring costs.

DECREASING BUSINESS RISK

Delays or inaccuracies in reporting throughout the value chain restrict effective decision making, ultimately increasing business risk. We enable you to eliminate delays and deliver data-driven intelligence, so you can make cost effective, informed decisions.

THE ELEMENTS OF THE LUMOS 365 PLATFORM

BUSINESS APPLICATIONS FRAMEWORK

Powered by Microsoft Dynamics, our software ensures operational excellence across applications ranging from Joint Venture Accounting to Plant Maintenance.

MANAGEMENT REPORTING AND ANALYTICS FRAMEWORK

Powered by Microsoft BI, our software encompasses everything from Financial, Operational and KPI Reporting to CO2 Emissions and Analytics.

INFORMATION AND DATA MANAGEMENT FRAMEWORK

Powered by Microsoft SharePoint, our software delivers information and data visibility, document, records and knowledge management, and business process support.

HOW WE DRIVE DOWN COST AND RISK

Enabling you to move seamlessly across the value chain from acquisition to divestment, Lumos 365 improves spend control, maximises cost recovery, enables reporting on all business-critical data, and embeds operational excellence across your business processes. We drive down the cost and risk associated with Upstream Oil and Gas software, so you can focus on what you do best.

UP AND DOWNSCALE

Volatility requires operational agility and the ability to up and downscale supporting software licensing based on the needs of your business without financial penalty. The Lumos 365 platform provides a single, modular and scalable platform with rapid deployment. The platform can easily be extended from finance, to supply chain and asset management, as you move from exploration to development, to production. This modular approach allows for penalty free up and downscaling in accordance with your strategy with minimal time and business disruption.

IMPROVE SPEND CONTROL

Spend control is a critical component of profitability and is often very difficult to manage due to the disparate nature of the supporting data. Volatile Oil and Gas pricing makes effective spend control imperative. The Lumos 365 platform benefits from many features such as delegation of authority, budget checking and contract spend monitoring. Lumos 365 has in-built best of breed workflows supporting these activities from a process and productivity perspective. The Lumos 365 platform encourages end user adoption by facilitating spend control information for action and reporting. This is securely available in tools already used on a daily basis, such as Microsoft Excel.

MINIMISE INVESTMENT, MAXIMISE RECOVERY

Our subscription-based model requires low initial investment and provides the ability to expand and contract licenses easily, without financial penalty. The Lumos 365 Business Application Framework is designed to maximise your cost recovery with joint venture partners. Poor cost recovery is a common cause of profit leakages for Upstream Oil and Gas Operators. This has a significant impact on profitability. All material and service purchases, at source, can be allocated to the appropriate Approval for Expenditure (AFE) and are subject to in-built approval workflows. Cost recovery status is visible for analysis and reporting through our included Joint Venture Accounting module.

ENABLE SMARTER BUSINESS DECISIONS

Reporting in the Upstream Oil and Gas sector is traditionally manual and labour intensive and consumes significant executive and management time. This is often exacerbated by geographic differences between remote operational sites and HQ. The Lumos 365 platform, securely hosted in the Microsoft cloud, removes geographic challenges and includes many prebuilt and customisable reporting templates to address the needs of the business. The simplicity and accessibility of the Lumos 365 reporting function enables you to make informed business decisions, ultimately improving your ability to manage cost and risk within Upstream Oil and Gas operations. CAPEX, OPEX, Production, AFE, Inventory and HSE are all included in our standard reporting templates.

80% READY ALREADY

Business systems used by the Upstream Oil and Gas industry are often derived from manufacturing-based applications and require a considerable amount of effort to make them suitable to sector specific challenges, such as cost recovery. This means large upfront investment and lengthy deployment timeframes before business’ start to see ROI. The Lumos 365 platform has been built specifically for the Upstream Oil and Gas Industry. 80% of our framework already fit the needs of your business and our best practice templates support core business processes for Finance, Supply Chain and Plant Maintenance. This allows for rapid deployment and lower upfront costs, freeing up funds to focus on Exploration and Production activities and generating returns, rather than expensive, slow and cumbersome IT projects.

HOW WE DRIVE DOWN COST AND RISK

Enabling you to move seamlessly across the value chain from acquisition to divestment, Lumos 365 improves spend control, maximises cost recovery, enables reporting on all business-critical data, and embeds operational excellence across your business processes. We drive down the cost and risk associated with Upstream Oil and Gas software, so you can focus on what you do best.

UP AND DOWNSCALE

Volatility requires operational agility and the ability to up and downscale supporting software licensing based on the needs of your business without financial penalty. The Lumos 365 platform provides a single, modular and scalable platform with rapid deployment. The platform can easily be extended from finance, to supply chain and asset management, as you move from exploration to development, to production. This modular approach allows for penalty free up and downscaling in accordance with your strategy with minimal time and business disruption.

IMPROVE SPEND CONTROL

Spend control is a critical component of profitability and is often very difficult to manage due to the disparate nature of the supporting data. Volatile Oil and Gas pricing makes effective spend control imperative. The Lumos 365 platform benefits from many features such as delegation of authority, budget checking and contract spend monitoring. Lumos 365 has in-built best of breed workflows supporting these activities from a process and productivity perspective. The Lumos 365 platform encourages end user adoption by facilitating spend control information for action and reporting. This is securely available in tools already used on a daily basis, such as Microsoft Excel.

MINIMISE INVESTMENT, MAXIMISE RECOVERY

Our subscription-based model requires low initial investment and provides the ability to expand and contract licenses easily, without financial penalty. The Lumos 365 Business Application Framework is designed to maximise your cost recovery with joint venture partners. Poor cost recovery is a common cause of profit leakages for Upstream Oil and Gas Operators. This has a significant impact on profitability. All material and service purchases, at source, can be allocated to the appropriate Approval for Expenditure (AFE) and are subject to in-built approval workflows. Cost recovery status is visible for analysis and reporting through our included Joint Venture Accounting module.

ENABLE SMARTER BUSINESS DECISIONS

Reporting in the Upstream Oil and Gas sector is traditionally manual and labour intensive and consumes significant executive and management time. This is often exacerbated by geographic differences between remote operational sites and HQ. The Lumos 365 platform, securely hosted in the Microsoft cloud, removes geographic challenges and includes many prebuilt and customisable reporting templates to address the needs of the business. The simplicity and accessibility of the Lumos 365 reporting function enables you to make informed business decisions, ultimately improving your ability to manage cost and risk within Upstream Oil and Gas operations. CAPEX, OPEX, Production, AFE, Inventory and HSE are all included in our standard reporting templates.

80% READY ALREADY

Business systems used by the Upstream Oil and Gas industry are often derived from manufacturing-based applications and require a considerable amount of effort to make them suitable to sector specific challenges, such as cost recovery. This means large upfront investment and lengthy deployment timeframes before business’ start to see ROI. The Lumos 365 platform has been built specifically for the Upstream Oil and Gas Industry. 80% of our framework already fit the needs of your business and our best practice templates support core business processes for Finance, Supply Chain and Plant Maintenance. This allows for rapid deployment and lower upfront costs, freeing up funds to focus on Exploration and Production activities and generating returns, rather than expensive, slow and cumbersome IT projects.

HOW OUR CLOUD PLATFORM WORKS

From acquisition to abandonment, the Lumos 365 platform addresses and overcomes the challenges you face at every stage of the value chain. Cutting costs. Maximising efficiency. Extending agility. Our platform powers your business processes, adding more value to your operations.

ACQUIRE

Retrieving critical information from disparate systems with poor connectivity. Structuring financial master data. Extracting reports from acquired assets for analysis. Migrating financial and operational data. Utilising modules designed specifically to meet these challenges, our platform cuts cost, time and risk. MORE

EXPLORE

With a license granted, the need to structure, capture and manage a whole new raft of activities becomes imperative. Our modules create a sound financial supply chain system, laying the foundation for operational excellence moving forward to development and operation. MORE

APPRAISE

Getting a clear picture when spend visibility is poor. Retrieving, collating and exchanging information with third party service companies. Extracting and analysing management reports. It’s time and labour intensive. Our modules enable fast and easy spend tracking and data collaboration. MORE

DEVELOP

Managing significant CAPEX expenditure, JV partners, cost recovery, HSE, budgets and reporting creates the need to extend supply chain functionality to support and optimise the field development plan and sourcing. Our modules do just that, making management straightforward. MORE

OPERATE

This is where the foundations built earlier in the value chain with our platform really drive operational excellence. You gain control, cost recovery and compliance with process optimisation, while improving asset up time and reliability. MORE

TRADE

Poor control, recording and tracking of CAPEX, OPEX and G&A spend. Delayed delivery, poor sourcing, resources wastage and profit leakages. Compromised asset reliability and integrity. Lack of insights to support decision making. Our modules overcome every challenge. MORE

ABANDON

Cost-effective and efficient collation and aggregation of all asset data (contracts, compliance, financial, supply chain and plant) is critical. Our modules bring all this data together to maximise abandonment efficiency, save executive time and support due diligence. MORE

Let's Talk

To fast forward your business processes across the upstream oil and gas value chain, just get in touch.

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