Cognos solutions for oil and gas

The upstream sector of the oil and gas industry is focused on finding and producing oil and gas in an efficient, reliable and affordable manner. This mission is conducted in an environment where data systems of record are often geographically dispersed and not integrated, and within a volatile market characterized by unpredictable price fluctuations, rapidly increasing demand, supply constraints, fierce competition and stringent regulations.

The IBM Cognos Upstream Oil and Gas Planning Performance Blueprint provides a performance management framework – including planning, metrics and reporting – that allows the upstream oil and gas sector to plan production, revenue, expenses and capital expenditures at the field or total company level. The solution is designed to reconcile with company-wide strategic plans, ensuring all parts of the organization are planning to a single set of financial goals and business objectives.

IBM Cognos Performance Blueprints are pre-defined data, process and policy models that help organizations speed their software deployments and drive faster return on investment. They provide a model or framework to help our customers rapidly get value from their Cognos investment. With best practices, a faster route to results and the top performance management platform, they can find new profitability and insight for their organization. The Blueprints are downloadable free of charge to our customers.

The Cognos Upstream Oil and Gas Blueprint maximizes insight into production, capital expenditures and financial performance, and allows decision-makers to build and continually fine-tune plans that achieve business goals. The standardized planning format that incorporates local currency maximizes the ease of planning for the both those responsible for submitting their plans and the managers assigned to review these plans. The result is more accurate planning, reduced data collection times and automated consolidation into a total company view that leads to better decision-making.