Oil and Gas

Find your path to digital transformation with DeepStream

procurement digital energy

The secure alternative to email

Employees and contractors in the oil & gas industry deviate to email & attachment based communications with their business counterparts. 

This is because existing systems in place, including ERPs, are too prescriptive. Humans will always deviate to the most flexible communication method – in this case, email.

However, email is highly unsuitable within the scope of critical tendering, for many reasons, including that it is:

  • Highly manual, with a lack of visibility over all communications
  • High compliance risks

This is where DeepStream comes in, a platform that ensures operational compliance, whilst making it easy to collaborate with all parties involved.

A single workplace for collaborative exchanges

Agile tendering software energy oil gas

Premier Oil’s Story

DeepStream is a collaborative platform for critical B2B data exchanges with configurable workflow automation. We began our journey in the Oil & Gas space before rolling it out to businesses with similar requirements.

Premier Oil uses DeepStream to digitise the tendering process within procurement operations. Premier Oil procures a significant amount of equipment and services annually including many complex packages which involve extensive involvement of procurement, technical and legal teams across the organization. This is an intensive process including the exchange of large volumes of sensitive and detailed information with contractors and intermediaries within their supply chain. 

DeepStream ensures that the tendering process is more transparent and efficient as well as fully auditable: reducing compliance risks and cost. The platform makes knowledge sharing among teams and reporting more effective whilst facilitating collaboration with Joint Venture Partners and other external business associates within the secure communication application.

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Trusted by large buyers, sub-contractors,
brokers and SME suppliers globally

Qualitative Value of DeepStream

  • Plug & Play. User-friendly platform that functions on all devices.
  • Secure. With ISO 27001 certification, DeepStream is built for the most critical and sensitive transactions
  • User-focused. DeepStream’s configurable workflow means you can make a tender process as simple or complex as you need – you design the process you want!
  • Flexible, collaborative and powerful: users will not need to deviate to email.

Quantified Value of DeepStream

  • $3-5 million/year potential budget savings*
  • 30-50% process admin labour savings**
  • >50% reduction in time to award***
*Based on 3-5% long term costs savings for independent UK oilco with ~$100m annual spend
**Source: DeepStream Technologies client analysis vs. email based tendering for charterers
***Source: McKinsey & Co analysis for DeepStream Technologies

Reduce the compliance risks that arise from having no transparency of tender

Regulatory authorities are no longer accepting agent due diligence as defence against bad practices, so it’s time to implement best practice with a secure platform that enables you to:

  • Comply with major regulations (UKBA, FCPA, etc)
  • Transact and communicate securely
  • Stay in control of information shared, with end to end visibility
  • Download an audit at the click at a button

Find out more about compliance risks in tendering in our whitepaper.

tender bid data download
key product features oil and gas software

How does DeepStream differ from enterprise ERPs?

  • The prescriptive nature of ERPs hampers their functionality. This leads users to deviate to email for their business operations.
  • ERPs are focused on top-down processes rather than empowering procurement officers and contractors

DeepStream takes a different approach: a simple, elegant, light point solution delivering for all secure business communications between procurement employees and their counterparts (as well as partners).

The communication streams within the supply chain are deep… prescriptive ERPs just touch the surface.  

DeepStream in the Oil and Gas Tendering Process

Digitising the Complex Tendering Workflow
Multi-Sided Network to search and manage Suppliers and Intermediaries, filtering by category and location, with information and qualifications on-demand
Define and configure the workflow for each tender, making it as simple or complex as you wish, and add any collaborators. Specify which pre-qualification requirements are required.
Securely issue the tender to as many suppliers as you wish, triggering the automated tender process
Quickly exchange documents, chat and information with suppliers collaboratively
Evaluate exchanges and bids via one central platform. Avoid having to collate and compare information across hundreds of emails with suppliers.
When ready, simply select one or more suppliers to award your tender
Final documents and agreements with suppliers saved and managed post award.

Ready to get started?

DeepStream reduces implementation time for Enterprise software from >6 months to 6 weeks.