Friday, 24 April 2020 11:29

SOCAR launching digital field project based on SAP UFAM

The State Oil Company of the Republic of Azerbaijan SOCAR reported announced about digital transformation of oil and gas production operations. The SAP UFAM solution will combine production processes in one system and will be integrated into the digital core of the enterprise – SAP ERP. The start of commercial operation of UFAM is scheduled for June 2020. 

“SOCAR strives to use advanced technologies in business processes and production, sets industry standards for oil production, and supports the government's policy on digitalization of the economy”, SOCAR Vice President for Fields Development Yashar Letifov said. 

Introduction of the UFAM platform will let consolidate disparate data from various production systems, perform integrated analysis to ensure the operation of wells in accordance with the approved potential, and optimize geological and technical measures”, the company's press release says.

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