Progressive TSL is proud to announce that LEKOIL has chosen them to implement Infor SunSystems and Infor EAM to underpin their future growth plans.
LEKOIL was founded in 2010 and currently participates in four assets in Nigeria – the Otakikpo marginal field (in OML11) – the Ogo field in OPL310, the OPL 325 licence which is situated 50km to the south of OPL 310 and the recently acquired interest in OPL 276.
With this portfolio in place, LEKOIL is looking forward to significant growth over the coming years. They recognised that their finance and asset management systems needed to be future-proofed and scalable to support future expansion plans.
LEKOIL selected Infor SunSystems and Infor EAM as it had a good track record in similar sized E&Ps working in Nigeria.
Why LEKOIL chose Progressive TSL as their implementation partner
- Progressive’s experience in implementing finance and asset management systems in West Africa and particularly Nigeria.
- From their office in Lagos, Progressive TSL offered on the ground support and face to face client communication. As there was a tight timeline for implementation (September to November go live) having Progressive TSL physically there, was a real benefit.
- Progressive’s flexible oil and gas implementation framework supported rapid implementation by enabling a staggered rollout of the system (see below).
Progressive TSL’s phased implementation at LEKOIL
The areas most critical to the company were implemented first. This meant installing Infor SunSystems for financials and Infor EAM for Supply Chain Management (SCM).
Next stage of the rollout will include Materials Management System (MMS) – essential for their exploration activities and then later a Computerised Maintenance Management System (CMMS) will be added.
This approach means that LEKOIL can roll out and utilise each component as required. This also allows them to be confident that their future plans are well supported and can be upsized as necessary.
Benefits to LEKOIL
- Quicker month and year-end closes
- Tailored management reports by assets
- Data is all in one place
- Proactive planning – the EAM and MMS can work together for greater stock control
- Remove manual data processing
- Integrated purchasing, receipting and paying
- Secure cloud-based solution – removing the need for costly hardware infrastructure, additional inhouse IT staff and facilitating a rapid roll-out.
Lekan Akinyanmi – CEO of LEKOIL said of the implementation:
“Progressive TSL have turned around the implementation of the finance and procurement system for LEKOIL in the promised timeframe. Progressive are fully committed to LEKOIL, with their team being at our offices throughout every stage of the project. Due to their wide experience in implementing E&P solutions in West Africa, we felt that we were in safe hands. We are very impressed with the outcome and are confident that the scalability of the finance and asset management systems will support LEKOIL as it continues to grow.”
Lekan Akinyanmi, CEO, LEKOIL
Progressive CEO, Chris Walcot said:
“It’s great to see LEKOIL going live with finance and procurement so quickly. This is a great foundation for the company and its ambitious plans for the future. We look forward to the next phase of rollout.”
Chris Walcot, CEO, Progressive TSL
About Progressive TSL
Progressive TSL is a business consultancy and solutions provider dedicated to providing best-of-breed finance, supply chain and asset management systems for the oil and gas industry. They are Infor Gold Channel Partners (SunSystems, Infor EAM). Progressive TSL has offices in London, Aberdeen and Lagos.
For more information, contact:
Chris Walcot, CEO
Email info@progressive-tsl.com
Telephone +44 20 3696 8290
Alison Richards, Marketing & PR
Email marketing@progressive-tsl.com
Telephone +44 20 3696 8290
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