Cubiq provides complete Microsoft .NET based ETRM integration solution for leading refiner Tesoro Corporation
Tesoro Corporation (NYSE:TSO) is a Fortune 150 and Global 500 company with approximately 5,500 employees headquartered in San Antonio, Texas. It operates seven refineries primarily in the western United States with a combined crude oil capacity of approximately 660,000 barrels per day.
As one of the largest independent refining companies in the United States, Tesoro produces a full range of petroleum products including gasoline, jet, diesel, heavy fuel oils, liquefied petroleum gas, liquid asphalt, naphtha, propane and butane. Retail marketing system includes over 900 branded retail stations.
Tesoro was experiencing the growing pains that came with a series of refinery acquisitions that boosted capacity output to position it for future expansion in key growth markets throughout the western United States. To take on the increased IT accountability, the company fast tracked an SAP implementation to keep pace with expanding business. These changes invariably led to fragmented and often redundant business processes and systems related to trade and contract management, master data, risk controls and settlements. Coupled with a resource stressed IT infrastructure support network that was saddled by excessive hand offs, data integrity and visibility issues, deficient accountability and performance incentives, and an ultimate lack of information transparency, the organization’s ability to make informed business decisions was reduced.
Tesoro turned to Cubiq to lead a six week impact assessment of an enterprise trading and risk management solution built on an integrated SolArc RightAngle and SAP footprint. Upon review and validation of the business drivers and O2S benefits case, key stakeholders were interviewed across the business lines and the IT organization. Integration domains such as inventory valuation, lease crude, treasury and cash forecasting, pricing data, trade book and strategy definition were vetted. Cubiq created an integration architecture point of view and subsequently developed high level cost models and resource estimates to give leadership the confidence they needed to execute the program.
In addition to delivering a customized integration solution, Cubiq resources also facilitated the configuration and implementation of several areas of the project including:
The Cubiq integration solution helped support Tesoro’s vision and commitment to success, not only as a crucial piece of enabling technology but also as an extensible platform to support their future integration needs.
Crude Oil Refining and Marketing