BEIJING; Aug. 24, 2005 – China National Offshore Oil Corp. (CNOOC) and Accenture have signed a multi-year agreement under which Accenture will help CNOOC develop and implement an enterprise resource planning (ERP) system based on SAP’s R/3 ERP solution. Terms of the deal were not disclosed.
CNOOC is implementing the ERP system to increase efficiency, reduce operational costs and improve business performance.
In addition to helping develop and implement the ERP system, Accenture will provide support to integrate CNOOC’s existing information technology systems as well as help enhance its human resource, finance and logistics capabilities.
“We are confident that Accenture’s experience in ERP implementation and its global petrochemical industry knowledge will provide us with a flexible information technology system that will help us mitigate risk as we continue to grow,” said Luo Han, vice-president of CNOOC.
“With a sophisticated ERP system, CNOOC will be better positioned to achieve its goals of becoming a global oil and gas player,” said Gong Li, Chairman of Accenture Greater China and managing partner of Accenture’s Resources practice in the Asia Pacific region.
China National Offshore Oil Corporation (CNOOC) is one of the three biggest state-owned oil corporations as well as the biggest producer of offshore oil and gas in China. Predominant business of CNOOC includes: oil and gas exploration, development and production, specialized petroleum service of oil and gas production, oil refining, chemical engineering and financial services. For details about CNOOC, please visit www.cnooc.com.cn
Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 115,000 people in 48 countries, the company generated net revenues of US$13.67 billion for the fiscal year ended Aug. 31, 2004. Its home page is www.accenture.com.