Noble Energy Achieves Accurate Calculation Models to Drive Scenario Analysis
Noble Energy (acquired by Chevron) generated improvements in operations efficiencies and strategically positioned the company for sustained growth by standardizing their data management system.
As the organization grew, the planning team found they were spending a lot of time re-keying data to ensure consistency from department to department, reducing analyst productivity and leading to inaccuracies when analytics based on those reports were delivered. To improve reporting efficiency and accuracy, Noble Energy needed to create a system that could consolidate data from multiple sources like accounting software and manual systems, standardize the data and make it accessible for different users. After implementing Planning Space, they were able to increase ROI for future projects and resource development opportunities.