Jan 16, 2008 (LBO) — Sri Lanka’s downstream petroleum sector is moving to SAP enterprise resources planning software, which will be implemented by the Indian Oil Corporation, officials said. The 350 million Sri Lanka rupee project will see Ceylon Petroleum Storage Terminals Ltd (CPSTL), a common user facility, running the software, with Ceylon Petroleum Corporation (CPC) and Lanka IOC, which own the firm, being fee paying clients.
“So far we have been groping in the dark to make decisions, because our old batch processing system which processes data every two weeks could not provide management information quickly,” CPC Chairman Ashantha de Mel said Wednesday.
“It takes months to find out the profit our refinery makes and we do not even know the correct sales figure on a daily basis.”
De Mel says he expects the system to pay for itself by providing online real time management systems.
Lanka OIC managing director K Ramakrishnan says most Indian oil firms moved to a SAP platform several years ago.
Indian Oil’s SAP implementation across 681 locations covering seven refineries was the largest in South East Asia head of IOC’s information systems, S Ramasamy said.