CASE STUDY
Technology giant Oracle has announced that Kuwait Gulf Oil Company ( KGOC ) is the first oil company in Kuwait to implement Oracle Fusion Cloud Applications Suite to fully automate core business processes across financial services ( FS ), human resources ( HR ) and enterprise resource planning ( ERP ) to help achieve its mission of becoming one of the most technologically advanced oil and gas companies in the Middle East region and globally .
Founded in 2002 , Kuwait Gulf Oil Company K . S . C . C is as a wholly owned subsidiary of the Kuwait Petroleum Corporation for upstream oil and gas operations . KGOC represents the interest of the State of Kuwait in the Partitioned Zone ( PZ ). The PZ lies alongside the border between the State of Kuwait and the Kingdom of Saudi Arabia . The natural resources in the PZ are shared equally by the State of Kuwait and the Kingdom of Saudi Arabia .
“ At KGOC , cloud led Digital Transformation is playing a vital role towards enhancing business efficiencies for sustained growth and building the workforce of future that is free from working on mundane tasks and instead focuses on delivering high value projects ,” said Ahmad A . Safar , Team Leader , Information Technology , Kuwait Gulf Oil Company .
“ With the implementation of Oracle Fusion Cloud Applications , we have automated 64 business processes across finance , HR and supply chain . This operational agility allowed us to swiftly transition to remote working during the pandemic , without compromising on any business process or commitment to our customers , partners suppliers and employees ,” added Latifa E . Alnasrallah , Project Manager , Kuwait Gulf Oil Company .
Under this digital initiative rollout with Oracle , KGOC has implemented Oracle Fusion Cloud Enterprise Resource Planning ( ERP ), Oracle Fusion Cloud Human Capital Management ( HCM ) and Oracle Fusion Cloud Self-Service . The implementation is helping KGOC streamline key finance processes to ensure better budgetary control , sharpen forecasts and automate routine tasks including contract management , renewals and supplier invoicing to avoid overspending .
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