The Vietnam National Petroleum Corporation (Petrolimex) and the FPT Information System Corporation (FIS) signed a contract to deploy the application of enterprise resource planning (ERP) solution in the corporation on November 13, 2009.

This is the biggest-ever ERP contract signed in Vietnam. Petrolimex and FIS held a ceremony at the FPT Cau Giay Building on December 22, 2009 to officially launch the project.

Petrolimex’s Deputy General Director Dam Thi Huyen (right) and FIS ERP General Director Mai Cong Nguyen (left) sign the project’s administration plan

In this project, Petrolimex will use the ERP solution developed by SAP, which has been used successfully by many world leading oil and gas groups such as PetroChina, ExxoMobil, Gazprom, Royal Dutch Shell, Sinopec, Petrobras, BP, TOTAL, BHP Billiton and Chevron.

FIS will deploy the SAP ERP solution for Petrolimex which means it will provide both the hardware and the software. The ERP application sub-systems include: financial accounting; administrative accounting; depot management and purchasing and management of the sales of petrol and other commodities. The project is being carried out at 111 locations for almost 1,500 workers at the parent company and 41 subsidiary petroleum companies, as well as branches and major depots throughout the country. The project is due to be completed by December 31, 2011 and the ERP solution will officially start operating in the entire system as of January 1, 2012.

With the SAP ERP solution exclusively designed for the petroleum industry, Petrolimex will be enabled to inherit the processes, functions and tools, which have successfully been applied by giant oil and petrol groups around the world. The SAP ERP solution is seen as an important move that will ensure Petrolimex’s success and operational efficiency.

The Chairman and General Director of FIS Do Cao Bao said at the ceremony that: “This is the biggest ERP contract that FIS has carried out for a business in Vietnam.” “Thanks to our efforts to stand alongside our customers for years, with our knowledge of customer services, as well as our abundant line-up of experts, FIS is confident about undertaking major projects in Vietnam with an ability equivalent to that of foreign IT firms. FIS is committed to successfully carrying out the ERP project for Petrolimex.”

Petrolimex’s General Director Bui Ngoc Bao said: “Petrolimex is resolved to implement the SAP ERP solution because it will help the corporation to manage resources better and improve our competitive capacity in the market. Petrolimex will mobilise all our human resources for the joint team to carry out the project on schedule as agreed upon by both parties.”

Petrolimex’s profile

Petrolimex is a special state-owned enterprise that operates in 12 business areas, with trading petrol being the core line. The other areas all involve petrol, including transporting petrol (at sea, inshore, inland waterway, pipeline, railway and road), producing petrochemical products (lubricating oils, grease, bitumen and chemicals). It also produces gas for civil and industrial use and is involved in engineering, designing and building petroleum projects, insurance and several other commercial services.

In petrol trading, Petrolimex plays a decisive role in the domestic market. Together with 11 other petroleum import-export businesses, the corporation ensures sufficient supplies of many oil based products for the country’s needs in production, consumption and defence and security. 41 out of its 67 subsidiary companies trade petrol and oil products in 62 out of the 63 cities and provinces nationwide, operating more than 1,900 petrol stations.

Petrolimex has also expanded its petrol trading to other regional countries in the form of border gate-to-border gate transport and export. The corporation has set up the Petrolimex Singapore Limited Liability Company to develop its business in regional and international markets.

Petrolimex was also the country’s first retail petrol trader to accept payment by Flexicard, a prepaid and debit card jointly issued by Petrolimex and the GP Bank and it also offers banking services at petrol stations nationwide.
For more detailed information, visitwww.petrolimex.com.vn

FIS’s profile

The FPT Information System Corporation (FIS) is an affiliated company of the Corporation for Financing and Promoting Technology (FPT). FIS operates as a joint stock company, with eight subsidiary companies and almost 2,000 engineers specialising in developing applied software, ERP and IT services, system integration, business process outsourcing and e-services for finance, banking, telecoms, government, security and defence, business administration, education and health care.

Its knowledge of customer services, intensive expertise in every economic sector and professional staff constitutes is behind FIS’s success. It is well on the way to becoming a leading systems integrator, software developer and IT provider in the region and is committed to maintaining its long-term partnerships with customers. For further information, visitwww.fis.com.vn

Information about SAP ERP solution

The SAP enterprise resource planning (ERP) solution holds a large global market share and provides exclusive planning solutions for 25 industries, in which petroleum is one of the spearhead sectors. It employs a full range of specialised management functions for the petroleum industry, from planning chains of supply to oil refineries, equipment and asset management, administrative management and support operations such as finance, personnel, analysis and auditing. As many as 500 petroleum companies, including those in the Top-50 of the “Global 500” ranked by the Fortune Magazine, apply the SAP solution./.