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Progressive Technology Solutions supports Chrysaor in Shell Transaction

Progressive Technology Solutions supports Chrysaor in Shell Transaction

24 November 2017

Progressive announces successful implementation of a Chrysaor project.

London, 16 November 2017: Progressive Technology Solutions, (“Progressive”) the leading finance, supply chain and asset management systems and solutions company, is pleased to announce the successful implementation of a project delivered to support the transition of the assets being purchased by Chrysaor from Shell and which sees our client becoming the leading independent E&P company in the UK.

Progressive commenced the EMS (Enterprise Management System) project to provide Chrysaor with the systems needed to manage ongoing activities across the following four work streams:

1. Finance
2. Contracts & Procurement
3. Materials Management & Logistics
4. Asset Maintenance

During the EMS project initiation, Progressive and Chrysaor determined the implementation of Infor SunSystems for Finance and IBM Maximo to support the activities of the other work streams.

Work was undertaken by Progressive over the four main work streams comprising the EMS project and Progressive provided recommendations regarding the systems and processes that should be adopted to facilitate the completion of the purchase by the completion date of 31 October 2017 and to support the ongoing safe operation of the assets being acquired with a focus on change management and associated risks.

The Progressive recommendations were all successfully implemented, dovetailing with the successful transition of assets from Shell to our client, Chrysaor.

Chris Walcot commented “I am pleased that Progressive has been part of such a transformational transaction in the history of our client Chrysaor, doing what we do best and that is providing business systems and solutions for leading companies in the oil & gas industry. Chrysaor is now the leading UK independent E&P Company focused on the North Sea with the acquisition of an asset package from Shell for $3.0 billion and we are proud to be a small part of that story.

About Progressive

Progressive is a leading Business Systems and Solutions Consultancy dedicated to handling the critical needs of oil & gas companies in Finance, Supply Chain and Asset Management. We are specialised in the oil & gas sector, delivering Consultancy, Product Solutions and Technology Solutions including IBM Maximo, SunSystems and Infor EAM. We are both an IBM Silver Business Partner and an Infor Gold Channel Partner. Progressive’s clients include; Chrysaor, Genel Energy, Impact Oil & Gas, Seplat Petroleum, Petroceltic, Desire Petroleum, Hansa Hydrocarbons, Svenska Petroleum Exploration and Sparrows Group.

Download our brochure to learn more about how Progressive can help you gain the necessary competitive advantage in the oil and gas sector or get in touch directly.

Ends

For more information, contact:

Chris Walcot, CEO
Email info@progressive-tsl.com
Telephone  +44 20 3696 8290

Gayle Meikle, Marketing & PR
Email gayle.meikle@progressive-tsl.com
Telephone  +44 77 030 63848

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Progressive Technology Solutions
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United Kingdom

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