UAE-headquartered Shelf Drilling, an offshore drilling company, has reduced the time spent on the transfer and consolidation of operational data by 98 percent with the Jedox Enterprise Performance Management (EPM) solution for Financial Planning and Analysis (FP&A).
This has enabled the company to enhance efficiencies across key functions including rig maintenance and fuel tracking. Shelf Drilling operates 30 rigs across eight countries and has 12 onshore locations, with approximately 3,100 employees and contractors.
Because of the low bandwidth of the satellite links that connect Shelf Drilling’s rigs to its headquarters, the company needed a solution that could replicate data offline and in the background. The company’s evaluation found Jedox’s offering not only met these requirements, but also offered the ability for its decision-makers to effortlessly visualize planning and operational data through intuitive dashboards and reports.
Bryan Teo ERP Director Shelf Drilling
“With Jedox, everyone in our organization from our headquarters to our offshore rigs, gets a close to real-time view. Business users can simply assemble the data in the system and the required operational data is immediately available for use in models and reports. With the very accurate transfer of almost real-time data on fuel consumption from the rigs, we can optimize our engine hours, save fuel, and be more sustainable.”
Shelf Drilling has also built another solution on the Jedox platform utilizing the in-built approval workflow engine, to manage project authorizations. This solution helps eliminate paper approvals that previously had to be scanned and emailed to the next approver before being uploaded to the ERP system as evidence of project authorization.
“We are proud to have been selected by Shelf Drilling for this landmark digital transformation project which enables them to enhance collaboration, planning, operations and forecasting across their entire enterprise. We are especially excited to see how they are continuously maximizing their utilization of our platform by introducing new, innovative use cases, as they roll it out to additional departments such as marketing,” said Mr. Andreas Simon, Regional Director MEA at Jedox.
