October 17, 2016

Accenture to Enable Hess Corporation’s Transition to the Cloud

The leading independent energy firm will use Accenture’s cloud transformation services and ecosystem of cloud partners for a new cloud-enabled operating model to realize its strategic As-a-Service vision

NEW YORK; Oct. 13, 2016 – Accenture (NYSE: ACN) has been chosen by Hess Corporation (NYSE: HES) to help realize its As-a-Service vision that is part of the Hess IT transformation strategy. The new cloud-enabled operating model can ramp up or down IT infrastructure and digital technologies during volatile industry cycles. The model is underpinned by Accenture’s cloud services and ecosystem of partners that includes leading public cloud providers.

“We believe this model can help us be more efficient, agile, capable and secure,” said Zhanna Golodryga, SVP, Services and CIO for Hess Corporation, “by giving us important capabilities that use the latest digital services and technologies.”

Zhanna Golodryga, Hess Corporation SVP, Services and CIO,
discussing their transition to the cloud with Accenture

Under the terms of the five-year agreement, Accenture and Hess will work on planning, design and implementation of a technology solution that links field assets to a network of cloud-based offerings, delivered as-a-Service, with consumption-based pricing focused on reducing cost, increasing production, and simplifying technology. The project includes migrating Hess’ applications and servers to the cloud.

Accenture will support the migration and redevelopment of applications using its cloud transformation services with security applications, and leveraging features of leading public-cloud providers for scalability.

“Challenging industry headwinds and continued commodity price volatility make it clear that a Journey to Cloud transformation for our energy clients’ core businesses gives them a competitive advantage in today’s As-a-Service economy,” said Jack Sepple, senior managing director, Accenture Cloud and Accenture Operations group technology officer. “By leveraging our Cloud First approach and leading industry and technology capabilities for a consumption-based mode, Hess will be able to tap only the services it needs when and where it needs them, reducing extraneous costs and burden of legacy IT.”

“Hess is pioneering cloud capabilities, Big Data and Machine Learning technologies in the energy industry to reduce cost and inefficiency across the company, including maintenance and operations,” said John Coffey, managing director, Accenture Energy. “Digital As-a-Service capabilities, such as predictive analytics, can improve not only maintenance and uptime by heading off incidents, but also well reservoir planning and design; drilling and completions; and remote well monitoring.”

About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 384,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

Accenture is a leader in helping organizations move to the cloud to take advantage of a new era of service delivery and flexibility, where applications, infrastructure and business processes are brought together and delivered As-a-Service. Accenture’s Cloud First agenda offers comprehensive, industry-focused cloud services including strategy, implementation, migration and managed services, and assets including the Accenture Cloud Platform that can drive broader transformational programs for clients. Accenture has worked on over 20,000 cloud computing projects for clients, including three-quarters of the Fortune Global 100, and has more than 31,000 professionals trained in cloud computing.

About Hess
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at www.hess.com.

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Contacts:

Guy Cantwell
Accenture
+ 1 281 900 9089
guy.cantwell@accenture.com

Alexander Aizenberg
Accenture
+ 1 917 452 9878
alexander.aizenberg@accenture.com

Lorrie Hecker
Hess Corporation
+ 1 212 536-8250
lhecker@hess.com