Upstream oil and gas company uses OpenText to
streamline engineering information and accelerate time to
completion while reducing risk
WATERLOO, Ontario, Aug. 19,
2024 /PRNewswire/ --
OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today
announced that Serica Energy, an independent British upstream oil
and gas company with operations centered on the UK North Sea, has
selected OpenText Content Cloud™ and OpenText Extended ECM for
Engineering™ as strategic solutions to efficiently control
engineering information, work processes, and risk across the
lifecycle of projects and operations, while accelerating
operational efficiencies.
Serica Energy is one of the top ten oil and gas producing
companies in the UK, making a vital contribution to the country's
security of energy supply. By adopting OpenText's cloud-based
content management solutions, Serica Energy will boost productivity
and optimize processes, while complying with health, safety,
security and environmental requirements – enabling the organization
to expand and diversify its portfolio, maximize asset value, and
play its part in the energy transition.
Information management is critical to Serica's operations. The
organization relied on SharePoint to store and control complex
engineering documents and work processes, from maintenance programs
and contracts to safety and inspection reports, and end-to-end
project plans. With ever-increasing documentation requirements
across its operations, Serica's SharePoint environment became
insufficient. Document control processes were manual and labor
intensive, and the impact of accessing incorrect versions would be
catastrophic. Serica identified the need to migrate its SharePoint
environment with an information management solution to ensure easy
accessibility and a single source of truth for all documents.
"As Serica Energy enters an exciting phase of growth, it's
critical that our asset information is easily accessible, useable,
reliable, secure and governed," said Malcolm Gordon, Information Management Lead at
Serica Energy. "OpenText will enable us to remove limitations on
documentation controls and functionality, allowing us to
significantly enhance operational efficiencies and reduce risk in
managing asset operations, while leading capital projects planned
until 2035 and beyond."
Serica chose Content Cloud – a composable platform that connects
people to content, when and where they need it – because of its
proven track record in helping organizations across the energy
sector and other asset-intensive industries gain control over asset
content to work smarter. Enhancing information management across
the organization will enable Serica to unlock major time savings
and greater productivity to complete projects on time, improve
asset uptime, and mitigate operational risk. An additional benefit
valued by Serica is the deep integration of the solution with its
current business application systems, ensuring a single source of
truth across the enterprise.
"Energy companies are under intense pressure to deliver more
reliable and sustainable energy without compromising the health of
their employees, the safety of the communities they serve, or the
environment in which they operate," said Muhi Majzoub, EVP &
Chief Product Officer at OpenText. "More than 75% of the top 100
energy and engineering organizations rely on OpenText for
enterprise information management to achieve operational excellence
through improved collaboration, reduced operational risk and
secure, seamless access to engineering drawings and other asset
content."
Leveraging Extended ECM for Engineering enables Serica to gain
quick access to correct and up-to-date engineering and process
documentation. By efficiently controlling engineering information,
work processes, and risk, Serica can accelerate business value and
deliver positive experiences – from its engineers to its end
users.
With Content Cloud, Serica Energy has the foundational component
to take the next step in its information management journey by
incorporating the power of generative AI and OpenText Content
Aviator to its business processes to further boost employee
productivity in the field and in the back office to keep energy
flowing safely.
Learn more about OpenText Content Cloud and OpenText Extended
ECM for Engineering.
About OpenText
OpenText™ is the leading Information Management software and
services company in the world. We help organizations solve complex
global problems with a comprehensive suite of Business Clouds,
Business AI, and Business Technology. For more information about
OpenText (NASDAQ/TSX: OTEX), please visit us at
www.opentext.com.
Connect with us:
OpenText CEO Mark Barrenechea's
blog
Twitter | LinkedIn
Certain statements in this press release may contain words
considered forward-looking statements or information under
applicable securities laws. These statements are based on
OpenText's current expectations, estimates, forecasts and
projections about the operating environment, economies and markets
in which the company operates. These statements are subject to
important assumptions, risks and uncertainties that are difficult
to predict, and the actual outcome may be materially different.
OpenText's assumptions, although considered reasonable by the
company at the date of this press release, may prove to be
inaccurate and consequently its actual results could differ
materially from the expectations set out herein. For additional
information with respect to risks and other factors which could
occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q and other securities filings with the SEC and other
securities regulators. Readers are cautioned not to place undue
reliance upon any such forward-looking statements, which speak only
as of the date made. Unless otherwise required by applicable
securities laws, OpenText disclaims any intention or obligations to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Further,
readers should note that we may announce information using our
website, press releases, securities law filings, public conference
calls, webcasts and the social media channels identified on the
Investors section of our website (https://investors.opentext.com).
Such social media channels may include the Company's or our CEO's
blog, Twitter account or LinkedIn account. The information posted
through such channels may be material. Accordingly, readers should
monitor such channels in addition to our other forms of
communication.
Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned
by OpenText. One or more patents may cover this product(s). For
more information, please
visit https://www.opentext.com/patents.
OTEX-G
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SOURCE Open Text Corporation
