Bahrain's Oil and Gas Holding Company (nogaholding) has signed an agreement with Oracle to use its Fusion Cloud Applications Suite to help automate the organization’s core business processes and streamline its operations across all operating companies.
Oracle Fusion Applications will be embedded across all nogaholding’s operating companies through a two-phased transformation journey.
The platform is designed to fully automate and optimize the group’s processes and enable access to real-time business performance metrics across all functions for more data-driven and sustainable decisions.
Implementing the Fusion service-orientated platform and applications will help nogaholding meet the kingdom’s growing energy demand, enhance business efficiency, deliver greater employee experience, and retain top talent, said Group CEO Mark Thomas after sealing the deal with Oracle Vice President (Cloud Applications) Rahul Misra at nogaholding’s headquarters in Manama.
Oracle Consulting Services (OCS) will be the lead implementation partner in its delivery alongside KPMG, it stated.
"nogaholding continues to invest in long-term agreements that will elevate operational efficiency and deliver maximum value to the Kingdom. Our partnership with Oracle will provide us access to innovative, sustainable cloud applications that seek to achieve our sustainability objectives," noted Thomas.
"This step is a significant benchmark in the Company’s technology transformation plan and will further support economic growth within Bahrain," he added.
Thomas pointed out that Oracle Fusion Applications provides cutting-edge technology that enables businesses to innovate and adopt integrated cloud solutions that enhances operational efficiency.
"Embedding Oracle Fusion Applications will also help accelerate nogaholding’s overall performance and boost our sustainability efforts through real-time data across the nogaholding Group of companies. Allowing us to align with the Bahrain Economic Vision 2030 and meet the Kingdom’s Net-Zero goals," he added.
Lauding the partnership. Misra said: "nogaholding is a vital catalyst towards securing the energy future of Bahrain, and with Oracle Fusion Applications, the company is gearing up to react to change faster than ever before by automating core business processes including finance, supply chain, and human resources."
This initiative will help enhance business efficiency, deliver exceptional employee experience, help retain top talent, and ultimately help save costs, he added.
