About Dana Petroleum
Dana Petroleum Limited is an Aberdeen-headquartered exploration and production company. Dana has operations, assets and interests in the UK, the Netherlands and Egypt and produces around 57,000 barrels of oil equivalent per day. Dana is a wholly-owned subsidiary of the Korea National Oil Corporation.
Optimising Infor SunSystems for growth
Dana had been utilising the leading financial management system in the oil and gas industry, Infor SunSystems, but recognised they were not maximising its potential. With the release of SunSystems 6.4, it presented an excellent opportunity to upgrade their existing system to benefit from its rich functionality. As an Infor Gold Channel Partner specialising in SunSystems implementations and specific energy sector needs, Dana chose Progressive, with their wide experience in implementing finance systems for Oil & Gas E&Ps, to guide them through the upgrade process.
One of the project’s key objectives was to replace a third-party reporting tool with the standard Infor Q&A reporting application, which is included with Infor SunSystems 6.4.
“Infor SunSystems has been serving the accounting needs of the global oil industry for more than 25 years. It is ideally suited to this industry due to its strong analytic and multi-currency capabilities, its openness to integrating with industry-specific extensions, and its ability to operate anywhere — in what can be challenging locations. In the oil industry, parties often need to have new operations or joint ventures up and running in just a few months and may then wind them down just a few years later. Speed is critical. The ability to get SunSystems up and running rapidly is, therefore, a massive advantage for joint venture accounting typical in the international oil industry.”
Tim Truesdale, Product Director, Infor SunSystems
Key features of the Infor SunSystems Upgrade
- Designed to be future-proofed – can adapt to changing business needs.
- Standardised reporting – enabling consistency and accuracy
- Flexible drill-down capabilities – providing valuable insights for decision-making.
- The solution is fully compatible with Microsoft 365® 64 – seamlessly intergrating with existing infrastructure
“I am very proud of our experienced oil & gas team at Progressive TSL. They have adapted their working practices, working remotely with the team at Dana Petroleum to successfully implement a financial management and reporting solution that will support Dana for many years to come.”
Chris Walcot, CEO of Progressive TSL
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