OIL & GAS – Risk Management challenge
The current low oil price and weaker global economy is encouraging Owner Operators to bring more value to megaproject stakeholders by addressing the causes of cost and schedule overruns that have characterized the industry for decades.
Without Contract Risk Management software
Key initiatives announced by industry leading producers include improved capital discipline, process standardization across the entire organization and its project portfolio, supply chain optimization and a reduced headcount.
AVEVA ProCon’s blue-chip customer base includes global framework agreements with several Super Majors, Majors, Independents, National Oil Companies and large joint ventures.
AVEVA ProCon offers contract risk and claims management software that protects your capital investment in the upstream, midstream and downstream. We have proven expertise in offshore installations, LNG, FLNG, and pipeline assets management. AVEVA ProCon supports the full range of capital project contracting strategies including EPC, EPCI, EPCM and LSTK.
ProCon for Oil & Gas
Contract Risk & Claims Management Software
Predictable Commercial Outcomes
- Actionable early warning indicators of potential cost and schedule overrun on strategic, mission-critical contracts increases the likelihood of assets meeting predicted financial performance.
Robust Capital Discipline
- Standardized, industry-proven workflows align with contracting and procurement strategies to reduce contractual risk throughout sourcing, bid evaluation, contract award and contract execution;
- Incontestable threaded and time-stamped evidence ensures that all project and contract stakeholders bear their appropriate share of legitimate, unplanned costs and enables robust defense of any claims.
Connected Decision Making
- Standard best practice processes ensure that the right people work on the most important issues at the right time and in the right sequence;
- Automated workflows reduce the administrative burden on a diminished headcount;
- Contract risk management software empowers commercial, technical, project, legal, contractors and other cross-functional teams to work effectively to manage change, claims and mitigate contract risk.
Transparent Stakeholder Engagement
- The complete, indisputable commercial audit trail of all significant tender and contract communications, contractual obligations and reviews is visible to all stakeholders, improving the quality of decisions and reducing approval bottlenecks;
- All data is stored and accessed in a secure private cloud infrastructure.
Real-time Contract Analytics software
See Further and Act Faster with ProCon Analytics
- Advanced insight into all commercial engagement and contract execution data with early warning indicators of contract and budget risk in easy-to-view dashboards;
- Connect all decision makers with trend insights across all projects in a portfolio;
- Integrates with existing systems and reporting tools to increase the wealth of data and reduce total cost of ownership.