Global oil and gas exploration and production company, Wintershall Holding GmbH, has selected 8over8® Limited’s 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.
Related: 8over8 launches contractual risk management solution ProCon 2014
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.