CASE STUDIES
Centrica LNG – Bespoke Inventory & Logistics Solution
Business Challenge
Deliver inventory and logistics management system in time to support arrival of the client’s first cargo at a new regasification facility.
Commodities
Physical LNG, FX, Financial Oil and Gas Hedges
Activities
Project management, business analysis, systems architecture and design, development, testing and deployment to deliver a feature rich LNG inventory control system covering:
- Trade capture and cargo management
- Cargoes, storage and send-out and onward gas sales post regasification
- Confirmations and trade life-cycles
- Plant Inventory management and reporting with capability to manage multiple regasification facilities
- Trade pricing including indexation
- Trade valuation
- Logistical planning
- Trade settlements and invoicing
- Potential trades and what-if analysis
How results were achieved
- Experienced, focused and knowledgeable Planlogic team working alongside client’s business SMEs and IT staff.
- Planlogic EOS framework used to accelerate and de-risk development, enabling feature rich delivery to very tight time scales and a fixed deadline – the arrival of the first cargo.
Return on Investment
- At minimal cost the Planlogic solution facilitated the client’s entry into the LNG market and underpinned their investment in regasification capacity.
- The solution was delivered for a fraction of the cost and time required to adapt a mainstream ETRM product, and continues to support the business 14 years on from the initial go-live.
Dubai Supply Authority – Bespoke Inventory & Logistics Solution
Business Challenge
Deliver inventory and logistics system for the management of the client’s FSRU facility and facilitate transition from an old to new FSRU
Commodities
Physical LNG, Regas and Capacity, Gas Sales.
Activities
Project management, business analysis, systems architecture and design, development, testing and deployment to deliver an FSRU inventory management system covering:
- Annual delivery planning, scheduling, cargo trade capture and management
- FSRU Inventory management and reporting with capability to manage multiple regasification facilities
- Discharge planning and management and inventory actualization
- Inventory positions monitored at daily and half-hourly granularity
- Potential cargoes and what-if inventory analysis
Result
- System was successfully delivered in 2015
- Client collaboration through remote working proving highly effective and minimizing costs
Benefits
- EOS framework allowing rapid development towards tailored client solution
- Planlogic’s methodology assuring product quality and allowing early client feedback
- One system with one view of FSRU inventory positions across all user departments
BP Global LNG – Bespoke ETRM Solution
Business Challenge
Creation of an LNG Portfolio management and Risk Management solution for one of the most innovative LNG midstream players
Commodities
Physical LNG, FX, Financial Oil and Gas Hedges
Activities
- Business analysis, systems architecture and design, development and testing to deliver a feature rich LNG ETRM system :
- Trade capture and Cargo management
- Inventory Management and Valuation
- Contract pricing including complex indexation using Python scripting to provide huge user flexibility
- Netback Pricing
- Logistical planning
- Shipping costs estimation and actualisation
- Fine-grained exposure and P&L reporting
- Accounting
How results were achieved
- Planlogic team using our proven agile development methodology and working alongside BP internal staff
- Planlogic EOS ETRM framework used to accelerate and de-risk development, enabling early user feedback sessions and a clear forward development plan to build out from a ‘blueprint’
Result
- System went live on-time and on-budget
- Significant improvements over the originally specified feature list were delivered
- BP staff effectively integrated and trained for ongoing CoE support
Benefits
Versus vendor product:
- Significant cost saving achieved
- Richer feature set
- Better fit to BP architecture
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If you are curious about how our solutions can help your business, please contact us.