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Wintershall selects ProCon platform to support its capital deployment strategy

Wintershall selects 8over8’s ProCon 2014 to support its capital deployment strategy, setting a robust and disciplined approach to high risk commercial engagements

Global oil and gas exploration and production company, Wintershall Holding GmbH, has selected 8over8 ProCon contract management platform to underpin its global capital development strategy.

Wintershall has recently acquired a number of licences and fields in the Norwegian North Sea. The company currently invests half of its global exploration budget in the region, making it one of the Norway’s largest licence holders. Wintershall is implementing 8over8’s industry leading solution ProCon™, which drives recognised commercial discipline into major capital projects by ensuring standardisation and increasing internal and external collaboration.

Clare Colhoun, CEO at 8over8, says:

Wintershall is a key player in the North Sea and is expanding into new territories across the world. We look forward to supporting Wintershall’s capital investments and are delighted to welcome Germany’s largest oil and gas player into 8over8’s community of elite customers.

ProCon is proven to deliver discipline and predictable commercial outcomes to high value, high risk commercial engagements. The software will be fully integrated with Wintershall’s existing SAP system, and is set to go live in the third quarter of this year.

8over8’s ProCon is fast becoming the industry standard. It is currently used by 60 per cent of all oil super-majors, including six out of the world’s top ten most capital-intensive energy projects.

About Wintershall:
Wintershall Holding GmbH, based in Kassel, Germany, is a wholly-owned subsidiary of BASF in Ludwigshafen. The company has been active in the extraction of natural resources for 120 years, and in the exploration and production of crude oil and natural gas for over 80 years. Wintershall focuses on selected core regions where the company has built up a high level of regional and technological expertise. These are Europe, Russia, North Africa, South America, and increasingly the Middle East region. The company wants to expand its business further with exploration and production, selected partnerships, innovation and technological competence. Wintershall employs some 2,500 staff worldwide from 40 nations and is now Germany’s largest, internationally active crude oil and natural gas producer.

About 8over8:
8over8, an AVEVA Group company, provides contract risk management software that helps large and complex projects improve performance and profitability. 8over8’s platform, ProCon, has been deployed on over 250 projects that manage $500bn of assets, saving customers up to 5% on their capital investments. Headquartered in UK, and with offices in the Middle East, Europe, North America and Australia, 8over8 has built a loyal blue-chip customer base globally including PDO, Shell, BP, Chevron, Santos, Wintershall, Caspian Pipeline Consortium, Woodside and INPEX among others.

MEDIA CONTACT:

Monica Vaz
Global Marketing Manager
8over8, an AVEVA Group Company
m.vaz@8over8.com
Tel: +44(0) 28 7129 5930

About the author
Monica Vaz | Global Marketing Manager
Enthusiastic and assured marketer with over 15 years of experience in the IT and Business Services industry. Monica joined 8over8 in October 2015 and bring proven project management capabilities, exceptional creative skills in managing local and global marketing programs.
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