ENEOS Xplora Inc.: Transforming Back Office Operations to Focus on Decreasing Global Warming

ENEOS Xplora Inc. (former JX Nippon Oil & Gas Exploration Corporation) conducts oil and natural gas exploration and production projects in producing nations around the world. In 2022, the company acquired full ownership of a project designed to capture carbon dioxide (CO2) from coal-powered generators and use it in oil fields to increase well production. As part of this process, the company needed to streamline Download the Document

ENEOS Xplora : Transforming BackOffice Operations to Focus onDecreasing Global WarmingENEOS Xplora Inc. (former JX Nippon Oil & Gas Exploration Corporation) conducts oiland natural gas exploration and production projects in producing nations around theworld. In 2022, the company acquired full ownership of a project designed to capturecarbon dioxide (CO2) from coal-powered generators and use it in oil fields to increasewell production. As part of this process, the company needed to streamline back-officemanagement, including finance, accounting, and procurement.Together with SAP partner ABeam Consulting, the company implemented SAP S/4HANACloud, Public Edition, to enable Group Reporting, simplify operations, and automateprocesses via SAP Business Technology Platform.Featured Partner
Trust is important. ABeam has proven technological and SAPexpertise. When we chose SAP, we needed the right partner for ourSAP implementation. ABeam fit that description.Masashi Tamaru, CFO, ENEOS Xplora USA Limited(former JX Nippon Oil Exploration (U.S.A.)Limited)ENEOS Xplora Inc.Houston, TXhttps://www.nex.jx-group.co.jp/english/project/america/usa/IndustryOil & GasProducts and servicesCO2 capture utilizationand storage (CCUS)Featured solutionsSAP S/4HANA Cloud Public EditionSAP Business Technology Platform70%Automation of generalentries vs. 100%manual entry beforeSAP67%Labor savings inaccounting. Avoided theneed for more resources,compared to manualmethods.Challenges and opportunities Implement a Group Reporting strategy that met operational needs of upstream stakeholders Enable a fully integrated back-office management system, including finance, accounting, andprocurement Automate the supplier invoice process to a high degreeWhy SAP and ABeam Consulting? Established SAP S/4HANA Cloud and Business Technology Platform (BTP) capabilities Partner’s established relationship with ENEOS Xplora and demonstrated industry expertise SAP and ABeam Consulting enabled interfacing SAP S/4HANA Public Cloud with purchasing andoperating data via SAP BTPValue-driven results Accounting processes such as fixed asset and bank reconciliations operationally optimized Consolidation process automated, including eliminations and closing entries, while keeping ledgersclean Reporting flexibility improvedAchieving the sustainable development of valuable oil and naturalgas resourcesFeatured Partner