How NLNG enhanced hydrocarbon accounting with our data integration solution

In the energy sector, accurate and accessible data is crucial for effective management and decision-making. Nigeria Liquefied Natural Gas Company Limited (NLNG), a leading player in the global LNG industry, faced challenges with inconsistent and decentralized data, which hindered their ability to manage hydrocarbon accounting effectively. The company needed a solution that could streamline data integration, enhance reporting capabilities, and provide management with clear, actionable insights.

To address these challenges, NLNG partnered with FEES Ltd, seeking their expertise in Data Integration & Performance Management. The goal was to develop a system that would consolidate data from various sources, improve accessibility, and provide comprehensive reports to support strategic decision-making.

Understanding the challenge

NLNG’s existing systems were struggling with decentralized data, leading to inconsistencies and limited visibility. The lack of integration across various platforms made it difficult to perform meaningful analysis and track key metrics. This was particularly challenging in the area of hydrocarbon accounting, where precise data management is essential for accurate reporting and operational efficiency.

NLNG required a robust solution that could integrate data from multiple sources, including Shipping and HR data, Hydrocarbon Accounting (HCA) software, Energy Component (EC) software, and the Remedy ITSM (Help Desk) application. The objective was to develop a user-friendly system that would allow for seamless data integration and provide management with the tools needed for effective decision-making.

Our Approach

FEES Ltd approached the project with a clear objective: to create a comprehensive data integration and reporting solution that would enhance NLNG’s hydrocarbon accounting capabilities and support better business outcomes.

Phase 1: Understanding the requirements

The project began with an in-depth analysis of NLNG’s existing systems and challenges. FEES Ltd collaborated closely with NLNG’s management and IT teams to gather, analyze, and validate user requirements. This foundational step ensured that the solution would address the specific needs of NLNG and align with their strategic objectives.

Phase 2: Data integration and report development

FEES Ltd designed and deployed a financial and operational reporting solution that integrated data from multiple sources, including Shipping, HR, HCA, and EC software. This integration allowed for the consolidation of decentralized data into a unified system, providing NLNG with a single source of truth for their hydrocarbon accounting.

The solution also included the development of a range of user-friendly reports, including Days to Close the Books, Costing Reports, Drilling Reports, and Production Reports. These reports were designed to support trend analysis over various timeframes (year, quarter, month, YTD), with the ability to drill down into underlying data for deeper insights. Additionally, scorecards were created to provide monthly, quarterly, ad hoc, and YTD views, enabling NLNG to monitor performance across different dimensions.

Phase 3: Enhancing user experience

To ensure that the reports were both comprehensive and accessible, FEES Ltd focused on creating intuitive user interfaces. These interfaces allowed users to specify sort orders, select metrics from a library, and access detailed reports with ease. The system was designed to eliminate the need for horizontal or vertical scrolling on standard screen resolutions, ensuring a smooth user experience.

Phase 4: Training & support

Recognizing the importance of user adoption, FEES Ltd provided extensive training to NLNG’s finance and operations teams. This training ensured that all relevant personnel were equipped to use the new system effectively, maximizing its impact on the organization’s hydrocarbon accounting processes.

Outcomes & benefits

The implementation of FEES Ltd’s solution brought significant improvements to NLNG’s hydrocarbon accounting and reporting processes:

Streamlined reporting

The integration of data from multiple sources into a centralized system provided NLNG with a consistent and reliable foundation for hydrocarbon accounting.

Enhanced data visibility

Users could now easily access and analyze data through user-friendly interfaces, improving the accuracy and efficiency of financial and operational management.

Comprehensive analysis

The ability to perform trend analysis over various timeframes, coupled with drill-down capabilities, allowed NLNG to gain deeper insights into their operations and financial performance.

Improved decision-making

The creation of predefined reports and detailed scorecards across all divisions enabled NLNG to manage operations more effectively and make informed decisions.

“Our goal was to develop a reporting system that not only streamlined NLNG’s data integration but also provided comprehensive insights into their hydrocarbon accounting. The result was a significant improvement in data accessibility and a stronger foundation for strategic decision-making.”
Popoola AdamsDirector, FEES Limited

Through the expert implementation of a tailored data integration and performance management solution, FEES Ltd enabled Nigeria Liquefied Natural Gas Company Limited to overcome critical challenges in their hydrocarbon accounting and reporting processes.

The project not only addressed NLNG’s immediate needs but also positioned the company for long-term success by enhancing their ability to manage and analyze data effectively. With the new system in place, NLNG is better equipped to navigate the complexities of the LNG industry and maintain their leadership position in the global energy market.

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