Digitisation of the Oil & Gas E2E Supply Chain

The project will ensure the integration and full digitisation of the energy procurement process and create a feedback loop of information on the status of energy products in the storage installations and the distribution network. All with high standards to ensure cybersecurity.

Basic project information

Project duration: 1 May 2022 to 31 March 2024

Project value: EUR 7,406,500

Amount of co-financing: EUR 1,457,025

Funded by the European Union - NextGenerationEU

Participants:
•    Petrol d.d., consortium lead partner
•    Consortium partner SmartCargo d.o.o.
•    Consortium partner Špica International d.o.o.

The project is part of the Recovery and Resilience Plan funded by the Recovery and Resilience Mechanism. The Plan aims to mitigate the economic and social impact of the COVID-19 pandemic and to ensure that the economy and society are more sustainable, resilient and better prepared for the challenges and opportunities of the green and digital transition.

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Better prepared for the challenges of tomorrow

On 13 September 2022, following our application to the call for tenders “Digital Transformation of the Economy” of the Ministry of Economy, Tourism and Sport (previously Ministry of Economic Development and Technology), Recovery and Resilience Plan, we were awarded a grant of EUR 1,457,025 to implement the “Digitisation of the Oil & Gas E2E Supply Chain” project. Over the next 14 months, together with our partners and the selected SAP provider, we will be writing a story that will be a vital foundation for the next 20 years of the Petrol Group's business.  

The project has been designed with strict adherence to the vision and mission of the Digital Economy Transformation Strategy, and is fully in line with one of its key premises: that digitalisation should support the greening of the economy and contribute to the co-creation of a sustainable society.

A complete digital transformation of the supply chain

Procurement of energy products is a very complex process, especially in the current context of global instability. Systematically ensuring the required blend of feedstocks with the required levels of biofuels, as well as ensuring sufficient stocks in the face of changing operating conditions, creates a business need for digitalisation to keep pace with legal and environmental regulations.

The digital transformation project will ensure the integration and full digitisation of the procurement process itself, and the creation of a feedback loop of information on the status of energy products in the storage installations and the distribution network.

Project results

Advanced logistics platform and app for digitisation and distribution

Consortium partner SmartCargo will develop an advanced logistics platform that will automate and optimise processes in the energy supply chain. Consortium partner Špica will develop an application for the digitisation and distribution of heating oil and LPG storage tanks, as well as for monitoring the status of all distribution channels.

Both solutions will be based on the SAP digital infrastructure, which will replace the existing PIS ERP system at Petrol. Both solutions, with appropriate adaptations, will be suitable for use in different sectors of the economy, and will be commercially attractive to all potential customers whose business model includes supply chain management.

In implementing the digital transformation of Petrol's logistics, cybersecurity will be taken into account as much as possible.

An important step towards achieving the Sustainable Development Goals

With its strategy until 2025, Petrol has committed itself to a decisive energy transition, in order to co-create a green future. Digitisation of business processes is an important factor. The digital transformation project will therefore improve the efficiency of the supply chain with the aim of reducing the environmental impact of Petrol’s support services and partners in both the short and long term.

In doing so, the project will contribute to Petrol’s strategic sustainability goals, high national energy and climate targets, and the European climate neutrality target (including the EU’s interim target to reduce emissions by at least 55% by 2030).