MASTER DATA AND BEYOND

Transcription

1 MASTER DATA AND BEYOND OCTOBER 18, 2017 NYSE: QEP

2 OVERVIEW Well Master information drives a multitude of business processes. Key dates, location information and ownership are just a few of the many attributes that help to ensure compliance with operated assets, properly evaluate outside operated assets, and ensure awareness of potential future assets. After a year plus effort QEP Resources is ready to go live with a Master Data Management project that replaces the existing Well Master database with a PPDM based solution. This presentation will discuss the driving factors leading to: The process of migrating Well Master data to the new system Lessons learned Success factors Our plans for continued leverage 2

3 QEP RESOURCES OVERVIEW Headquartered in Denver, CO. QEP Resources is a leading independent crude oil and natural gas exploration and production company Basins of operation Williston, Uinta, Permian, Haynesville ~675 employees across five states 3

4 WHERE WE STARTED Legacy Well Master in accounting system Many data silos no sharing No clear definition of system of record Limited access to manage and edit Well Master data Poor access to Master data from across the company No data governance standards Difficult to discover data issues No system to correct data issues 4

5 BUSINESS DRIVERS Central, Trusted Data - MDM Integrate silo d systems Identify and reduce data errors and discrepancies More efficient workflows Data visibility / analytics Enable data governance Future expansion 5

6 PROJECT APPROACH Discovery phase Define System of Record (SOR) RFP Process - evaluated three providers Review Identify Select off the shelf Well Master solution EnergyIQ Trusted Data Manager (TDM) Define workflow and data quality rules Set the stage for: Implementation Timeline SMEs Existing integrations Implement Plan Assess 6

7 DISCOVERY PHASE Interviewed business SMEs Document SOR for the Well Lifecycle Document business and quality rules for Master Data 7

8 SOLUTION CRITERIA Commercial Off the shelf (COTS) solution Selected EnergyIQ User Interface for data entry and management Comprehensive data blending and well hierarchy capability PPDM 3.8 backend database (standard) Future expansion to include geoscience data management Built-in support for data governance Built-in support for data quality Ability to manage application in-house long term QEP management of database and User Interface customization 8

9 IMPLEMENTATION OF TDM Integrate TDM and other systems Configure TDM, prioritize attributes by SOR Configure data quality and transformation rules Migrate legacy data into TDM Perform data clean up Implement the TDM unique well identifier into other systems Implement new workflows for data entry and management TDM application with Gold Record highlighted in yellow, prioritized SOR in blue 9

10 SYSTEM INTEGRATIONS 10

11 FUTURE PHASES 11

12 PROJECT RESULTS Documented System of Record for Well Master data elements Key user groups onboarded to TDM system to manage Well Master data System in place to continue integration with future systems and data Leverage central platform for future governance initiatives 11 systems integrated to Well Master Company wide visibility and accessibility to data 12

13 LESSONS LEARNED Very important to determine system of record user ownership of data elements is critical Data is not going to be perfect! Don t get hung up on making data perfect before implementing a data management system Data management is an ongoing process - having a system in place to compare data sources and enable data clean-up is imperative 13

14 KEY SUCCESS FACTORS Involve multiple business groups and users Executive sponsorship Ability to customize the application in house as needed Choose the right partner Leverage commercial software 14

15 QUESTIONS 15

16 THANK YOU! 16