The client moves gas and crude through its pipelines, plants, and storage facilities, as well as marine terminals. The client is uniquely suited to connect upstream producers and downstream processors, refiners, and end-users. Opportune LLP was engaged to design and implement the RightAngle energy trading and risk management (ETRM) system for the client’s NGL and crude oil businesses. As the functional and technical leaders across the project organization, Opportune was engaged to:
- Design processes and system configuration for each of the businesses utilizing RightAngle.
- Create a process model for deal capture, scheduling, credit, and security.
- Build custom functions and interfaces between RightAngle and other applications, including the ticketing system and third-party tax software.
- Develop extensive custom reporting on sales, forecast, and risk information.
- Design position and mark-to-market risk reports used to support periodic lender credit availability requirements.
The Opportune team was able to support the client in the re-design of their risk reporting controls and processes for both NGLs and crude. This was necessary to meet creditor requirements post-bankruptcy and ensure continued operations. Opportune’s recommendation was to implement RightAngle because of the additional benefits of simplifying manual processes, the systemic controls available, and visibility into supply and trading positions. This allowed the client to continue to expand its trading footprint.
Whether it’s deploying major trading platforms, analyzing market opportunities, managing financial reporting, or developing information technology strategies, Opportune’s team of professionals has the depth of energy expertise and industry knowledge to assist trading organizations and their partners in achieving their strategic vision. We have a unique combination of professionals with specific commodities trading skills along with consulting, technology, and operational experience. For more information, CLICK HERE.