A US-based producer of crude oil, natural gas, and natural gas liquids faced a significant challenge with their ETRM software. Despite being long-time users and having last upgraded in 2017, they encountered limitations in their current version. Complex movements of crude oil and NG’sL made scheduling via pipelines cumbersome. Consequently, they couldn’t perform crucial functions like inventory tracking and valuation. Moreover, their extensive customization of the ETRM software posed a hurdle to seamlessly upgrade. They sought to evaluate if an ETRM upgrade could unlock added functionality without compromising their existing customization-enabled business practices.

KEY RESULTS

35%

Under Original Budget

The project was completed on time, under budget, with a
well-defined roadmap

9

Months
Time-Period

The evaluation and upgrade were completed quickly, providing fast access to new features and improved efficiency

570+

Risk Mitigation

Class events were optimized, leading to smoother operations and better system performance

40+

Stakeholder Engagement

Engaged multiple stakeholders to ensure diverse perspectives, fostering collaboration and buy-in

A Strategic Approach to Project Success

Value Creed’s methodology centers on understanding the client’s unique needs and operational complexities. We assessed the situation, providing the organization with the confidence to pursue an upgrade. Our insights helped them recognize the untapped potential of a modernized ETRM system, showcasing how enhanced functionality could streamline operations and improve decision-making.

Advisory Services

Understanding Current Practices
Value Creed engaged with the client for a two-month evaluation to identify the needs and challenges within their existing system. The engagement began with functional interviews across all business functions to understand their business model, current practices, gaps, and customizations implemented to tailor the ETRM software to their specific needs.

Collaboration
Working hand-in-hand with the internal support team, Value Creed gained insights into the requirements, design, and functionality of the customizations.

Evaluation & Analysis
A comprehensive analysis was conducted, including building scenarios, requirements, customization matrices, and process mapping. Areas for optimization and enhancement while preserving existing customizations were also identified.

Upgrade Services

Feasibility Testing
We performed a proof-of-concept upgrade to validate the design and feasibility in the upgraded instance. We also conducted targeted testing, including entering commodity trades, scheduling, and valuations, to demonstrate the benefits of the upgrade.

Phased Approach
We recommended a phased approach, starting with a like-for-like upgrade to manage upgrade risks and preserve existing functionalities while positioning the upgrade as a prerequisite for future enhancements, such as crude scheduling and natural gas storage.

Presentation of Findings
We built a comprehensive roadmap outlining our findings, recommendations, and the rationale behind the upgrade approach and presented the recommendations to the client stakeholders for buy-in and approval.

Implementation Support
Largely as a result of the Implementation Analysis, our team won the engagement to manage, guide, and support the upgrade, ensuring a smooth transition and addressing any issues or concerns raised by the client during the implementation phase.

Value Creed Services Mobilized

Advisory Services

Our advisory services will guide your operations and help you achieve your vision, considering all stakeholders. With extensive lifecycle, functional, and technical expertise, our experienced team delivers frameworks and guidance for building reliable and scalable commodity trading businesses.

Upgrade Services

Our team is made up of industry-leading CTRM experts who help you model new business requirements to ensure a future-proof setup. We empower you to customize and enhance performance. Our primary focus is to optimize functionality across the board, aligning with market demands through a holistic solution.

Key Takeaways

With a deep understanding of the crude, natural gas, and NGL markets coupled with our deep expertise and project management and trading systems, we specialize in guiding organizations through complex challenges. From in-depth analysis to strategic recommendations, our tailored solutions optimize processes, enhance functionality, and drive significant cost savings. Let us partner with you to unlock the full potential of your investment with Value Creed’s expert Advisory services, ensuring you’re prepared for future growth and innovation.

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+1 (833)-282-7333 | info@valuecreed.com

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35% Budget Savings in ETRM Upgrade for a US-Based Crude and NGL Producer

Operational Enhancement

KEY RESULTS

35%

Under Original Budget

9

Months Time-Period

570+

Risk Mitigation

40+

Stakeholder Engagement

A Strategic Approach to Project Success​

Advisory Services

Upgrade Services

Value Creed Services Mobilized

Advisory Services

Upgrade Services

Key Takeaways

Recommended Resources

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Months
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A Strategic Approach to Project Success