Across the world, major oil corporations are disinvesting from their downstream business in order to finance their projects in the upstream areas that are heavily affected by low oil prices.
New market entrants are attempting to develop niche markets in the downstream business using flexible business models, lean management and organizational structures, and they are thus continuing to expand their high-grade portfolio. As a result, we are witnessing a steady increase in the number of Merger and Acquisition (M&A) transactions in the downstream sector of the oil and gas industry.
As technology has become so pervasive, IT touches virtually all aspects of a company's operations, with many functions being mission critical. For this reason, the success of any merger or acquisition depends on efficient IT post-merger integration, a function which supports numerous important integration processes.
For many years, Implico has supported companies in successfully implementing technology-based post-merger projects (disinvestment and investments). With its extensive consulting expertise, Implico has further developed its technology platform known as Implico Global Operation Services (iGOS) in order to help customers in the oil and gas downstream sector involved in mergers and acquisitions to ensure smooth integration and implementation and to support their operational business.
We work together with our customers to address important technology and operational challenges related to M&A before and after the go-live.
The underlying goal is for all post-merger integration processes to be implemented on time and within budget. Implico's best practices help with the implementation of a successful governance structure.