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The midstream sector is literally at the center of the oil & gas industry, offering infrastructure, technology and services for processing, storage and transportation of oil and gas products from the source to production plants and downstream distributors/customers.
Managing customer contracts in a compliant, efficient and profitable manner is a constant challenge. It requires granular tracking and monitoring of hundreds of obligations governing critical aspects of the engagement (e.g. systems gains/losses, vapor pressure requirements, interconnection, reporting, annual escalations) in conjunction with performance data (such as pipeline and terminal data), along with land management and easement data.
This process is often disjointed and segregated across enterprise functions and underlying technologies such as CRM, ERP, pipeline management, terminal management and land management systems. Without an integrated view of customer engagements, the commercial organization doesn’t have the visibility it needs to ensure effective governance of such engagements. This makes the delivery process less efficient and increases the risk of non-compliance and revenue leakage. For all these reasons, an integrated approach is needed to manage midstream services contracts, especially after signature.
Gathering and compression services
Processing and treatment services
Noble Energy uses Sirion to manage midstream services contracts
“Since implementing Sirion, we have seen an over 190% return on our investment.”
“With Sirion, companies can enjoy far better visibility into contracts and greater control over fulfillment of performance obligations.”
Sirion offers an AI-driven, integrated platform for midstream organizations to manage contracts, performance, invoices and relationships in strategic sell-side contracts.