Optimizing Project Planning and Efficiency for Pan American Energy (PAE)

Objectives

Pan American Energy (PAE) sought to optimize their project planning and approval processes with an integrated solution. They faced the challenge of unifying long-term planning, budgeting, and project tracking into a single cohesive system. The objective was to ensure that every operational task, oil production initiative, and investment decision aligned with PAE's overarching business strategy.

By implementing these strategic solutions, PAE aimed to increase agility, explore various business scenarios, identify strategic opportunities, and ultimately enhance overall efficiency and effectiveness.

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AT A GLANCE

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Challenges:

• Fragmented project planning and approval processes.
• The need for a unified system that aligns operational activities, oil production, and investment strategies.
• Lack of real-time scenario analysis tools and decision-making capabilities.
• Centralized information management during planning exercises.

Benefits:

• Streamlined approval processes using a workflow tool designed to significantly reduce approval times and eliminate redundant, scattered data.
• Enhanced reporting and tracking of operational performance, leading to better business outcomes.

Solutions

To address PAE’s needs, ASF developed a comprehensive integrated tool that seamlessly connected with PAE’s core systems, including simulation software, investment management platforms, and activity tracking systems. This robust solution empowered PAE to execute diverse planning and execution scenarios, all aligned with the company’s goals of resource optimization and budget efficiency.
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Key Features Implemented:

• Project Portfolio Management Software: We implemented a robust system to streamline PAE's project portfolio management, ensuring better oversight and coordination across multiple projects.
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• Integrated Long- and Short-Term Planning Tools: Our team introduced advanced features that enabled the integration of planned activities with corresponding investments. This allowed PAE to compare multiple business scenarios and choose the most effective strategy.
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• SCADA and Administrative Application Integration: We developed APIs for seamless integration with existing SCADA systems and administrative applications, ensuring comprehensive and accessible client information.
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• Operational Equipment Movement Management: Custom functionalities were designed to optimize the planning and execution of equipment movements, improving overall project execution efficiency.
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• Automated AFE Workflow Management: We created automated workflows for the Authorization for Expenditure (AFE) process, drastically reducing the time required for investment approvals, particularly in well operations.

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