OVERVIEW
Niger Delta Exploration & Production Plc (NDEP) is Nigeria’s first integrated oil and gas investment company and it wholly operates a mini refinery at Ogbele with a current slated capacity of 1,000bpd generating revenues of US1m per month.
Niger Delta Exploration & Production is involved in the relevant business of processing, liquefaction, transmission, marketing and trading of LNG and gas. They have functionally contributed in power generation and utilities business for entities that function in the gas mains, which adds collaborative value in the integrated national gas value chain.
THE NEED
For most companies in Nigeria, removing wastage is the biggest challenge that exists. Profit is usually eroded by inherent wastage in the system. Also, due to a dramatic drop in commodity prices, oil and gas companies have seen their revenues cut significantly. Therefore, they are focused on cash flow, cutting costs, seeking to reduce recurring costs and management reporting.
The client needed:
• An integrated Supply Chain Management
• An integrated Procure to Pay Process
• Receivable Management
• Invoice Management
• Accounting and Financial Close Management
• Financial Planning and Analysis
• Asset Integrity
• Workforce Management
• Timely, accurate and consolidated reports
SOLUTION
• An integrated Supply Chain Management
• An integrated Procure to Pay Process
• Receivable Management
• Invoice Management
• Accounting and Financial Close Management
• Financial Planning and Analysis
• Asset Integrity
• Workforce Management
• Timely, accurate and consolidated reports
RESULTS
The solution deployed at NDEP helped the client in achieving:
• Overall reduction in operating cost
• Best practice processes – standardized and faster
• Inventory Optimization
• Calculation of collateral freight rates in Sales Orders
• Faster and more transparent processes
• Better and faster data insight for decision making
• Better integration with vendors
• Customer Down Payment and Revenue Recognition
Competitive Advantage
The NDEP project was delivered with 100% local resources and completed in 6 months.
At SERVE, our key strength has been our reach and diverse local industry experience