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Dolphin Energy Selects SAP Software To Meet Future Financial And Operations Management Needs
Integrated Business Solution will be Installed over Two Years
Dolphin Energy Limited today announced it has selected the mySAP business suite to handle the energy company's rapidly expanding business and operational requirements.
The implementation will enable Dolphin to integrate its Projects, Corporate and Operations management into one central Enterprise Resource Planning (ERP) Platform. This will ensure that the organization efficiently coordinates such core business processes as financials, human resources, supply chain management, product life management, business intelligence and joint venture accounting and production sharing accounting.
"We have selected mySAP because of its proven systems, its regional record in the energy industry and a competitive price," said Dolphin Energy CEO, Ahmed Ali Al Sayegh.
"Our company is developing at great speed and we therefore took the long-term strategic decision to invest in an ERP System, which will help us grow effectively and which is flexible enough to grow with us."
Dolphin will implement Phase One of the SAP installation by close of 2004, when financial, procurement and material management for Abu Dhabi and Doha operations will be activated. Phase Two starts in 2005, covering Plant Operation in Ras Laffan and other requirements.
For SAP Arabia , Mr Essam Enany, President of SAP Arabia , commented: "We are delighted to have been chosen by Dolphin Energy to supply mySAP Business Suite. We are looking for a long-term partnership where Dolphin will benefit from the collaborative business environment of mySAP, plus our extensive experience in the Oil & Gas industry."
He added, "SAP Arabia is committed to leveraging its extensive vertical industry experience to assist companies in improving efficiencies, increasing productivity and optimizing key business processes."
Dolphin Energy Limited
Dolphin Energy Limited was created to develop substantial energy projects throughout the GCC. Its objective is to create long-term economic wealth and new business opportunities for GCC citizens, far into the future. Dolphin Energy’s major strategic initiative, the Dolphin Project, involves the production and processing of natural gas from Qatar’s North Field, and transportation of the dry gas by sub-sea pipeline across joint UAE-Qatari waters to the UAE, beginning in 2006.
Dolphin Energy’s first initiative, the Al Ain to Fujairah Pipeline, came on stream in January 2004.The pipeline supplies the Fujairah Water and Power Plant on the UAE’s East Coast – initially with natural gas from Oman, and subsequently with Dolphin gas from Qatar. In May 2005, Dolphin began to supply natural gas to the UAE Emirate of Ras Al Khaimah. The gas is being delivered via a tie-in near Qidfa between Dolphin’s Al Ain - Fujairah pipeline and the existing Emarat gas pipeline network.
Dolphin Energy is owned 51 percent by Mubadala Development Company, on behalf of the Government of Abu Dhabi – and 24.5 percent each by Total of France and Occidental Petroleum of the USA.
Detailed information about Dolphin Energy can be found on www.dolphinenergy.com
For further information contact:
Mirna Hijazi
Corporate Communications Manager
Tel +971 2 6995500
Fax +971 2 6995578