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Oracle(R) Energy Downstream Best Fit for ARCO Products
PR Newswire - July 13, 1999 08:16
Oracle's Internet-Enabled Package Slated to Improve Supply, Distribution, and Marketing Operations
REDWOOD SHORES, Calif., July 13 /PRNewswire/ -- Oracle announced today that ARCO Products Company is moving forward with Oracle Energy Downstream, a comprehensive suite of applications tailored for oil company downstream operations. ARCO selected Oracle Energy Downstream as part of an overall enterprise resource planning (ERP) implementation of Oracle, which will replace a number of disparate legacy systems.
"Oracle Energy Downstream was designed by leading multinational companies specifically to address the complexities of oil supply, distribution and marketing business processes," said John Lee, Oracle senior vice president of process industries. "Its ability to deliver consistent reporting and management information has proven very effective in supporting overall business efficiency and productivity, which is why this product suite enjoys the largest worldwide user base of any installed fuels management solution."
"Oracle Energy Downstream is a strong strategic fit with our business needs," said Susan Martineck, ARCO's Operating Systems Project Manager. "It has the comprehensive functionality to support our operations, the flexibility to allow for a phased implementation and it provides the capability to deliver more timely, accurate information to our management."
Oracle Energy, a division of Oracle Corporation, delivers the only comprehensive suite of industry-specific software solutions for the entire oil and gas value chain, from "prospect-to-pump." The suite includes upstream solutions for exploration and production; downstream modules for supply, distribution and marketing; and the first integrated fuels/merchandise management solution for the gasoline and convenience store industry. Already in use in 21 countries around the world, the Oracle Energy Downstream suite delivers a more comprehensive solution and is a better strategic fit with ARCO Products' business operations, according to company executives.
ARCO is a leading refiner and marketer of petroleum products on the West Coast with more than 1,760 retail outlets in seven Western states (California, Arizona, Nevada, Oregon, Washington, Utah and Hawaii) and British Columbia, as well as a fleet of marine tankers. ARCO Products has annual revenues of $5.5 billion and employs 10,400 people. ARCO Products Company is a division of ARCO (NYSE: ARC), a worldwide producer, refiner and marketer of petroleum products.
Oracle Corporation is the world's leading supplier of software for information management, and the world's second largest software company. With annual revenues of more than $8.3 billion, the company offers its database, application server, tools and application products, along with related consulting, education and support services, in more than 145 countries around the world.
For more information about Oracle Corporation, please call 650-506-7000. Oracle's World Wide Web address is (URL) oracle.com .
For a menu of ARCO news releases or to retrieve a specific release, visit arco.com on the Internet.
NOTE: Oracle is a registered trademark of Oracle Corporation. Other names may be trademarks of their respective owners.
SOURCE Oracle Corporation
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