Today’s volatile business environment in oil and gas puts a clear focus on optimization and finding new ways of working. Among the business goals driving efficiency is the need to maintain lower development and production costs, application rationalization and transformation, the integration of existing IT portfolios needed to support digitalization, and flow efficiency. All are top priorities for industry players.
As a result, outsourcing standard, non-core petrotechnical domain and application management services is emerging as a strategic opportunity. Cognizant currently supports a range of industry-specific and leading petrotechnical applications providing end-to-end support and maintenance services across the following domains:
- Petrotechnical Applications Management—Deployment, maintenance and administration of specialized E&P applications such as subsurface apps, reservoir management and drilling and production apps.
- Portfolio, Licenses and Vendor Management—Petrotechnical application portfolio rationalization and optimization, product evaluation and recommendations.
- Integration and Tech Modernization—Integration, customization and modernization of specialized E&P applications and data.