Representative Experience

Client: Middle Eastern Oil major


Client Overview:

The client was an integrated global energy company headquartered in Daharan, Saudi Arabia. It carries out upstream and downstream activities throughout the entire world.

Requirement:

This was a greenfield implementation of an ETRM software to manage its Crude Oil and Refined Products business.

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Highlights

  • Implemented the ETRM system for Front Office, Operations, Middle Office and Back Office.
  • This provided the management visibility into their exposure and market risk.
  • Allows the trader to make informed decision so as to optimize their operations.

Client: State Owned Entity in Asia Pacific


Client Overview:

The client was a State Owned energy company headquartered in Mumbai, India. It owned a number of refineries in various part of India and was involved in importing crude oil for its refineries and refined products to supplement its domestic production. It was also involved in export of surplus refined products.

Requirement:

This was a greenfield implementation of an ETRM software to manage its Crude Oil and Refined Products business.

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Highlights

  • Implemented the ETRM system for Front Office, Operations, Middle Office and Back Office.
  • This provided the management visibility into their exposure and market risk.
  • Allows the trader to make informed decision so as to optimize their operations.

Client: Oil Major in Asia Pacific


Client Overview:

The client was the 6th largest oil company in the world headquartered in Mumbai, India. It currently owns the largest refinery in the world. It is involved in importing crude oil for its refineries and refined products to supplement its domestic production. It was also involved in export of surplus refined products.

Requirement:

This was an upgrade to an existing ETRM software to manage its Crude Oil and Refined Products business.

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Highlights

  • Business process design, involving As-Is and To-Be document.
  • Preparing implementation project plan including customization.
  • Manage development, training needs and timelines for delivery.

Client: Oil Major in Asia Pacific


Client Overview:

The client was an integrated global energy company headquartered in Kuala Lumpur, Malaysia. It carries out upstream and downstream activities throughout the entire world.

Requirement:

This was implementation of the VaR module provided by an ETRM software provider for their Crude Oil and Refined Products business.

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Highlights

  • Designing and finalizing the VaR business process
  • Training on the use of VaR.

Client: Oil Major in United States


Client Overview:

The client is a vertically energy major, with interest in upstream and downstream oil and gas business. They have offices all over the work and this project was carried out of their Houston office.

Requirement:

Client was replacing an existing ETRM system with another ETRM system for their crude and products trading business. They wanted to make sure that their existing business processes were properly captured and improved with the use of the new ETRM system. It was a multi phased project, covering multiple geographical locations and lasting for over 4 years

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Highlights

  • We were brought on to work on the Risk aspect of their business and based on the interactions, we were additionally assigned to manage the project for the subsequent phase.
  • We held requirement session to their existing processes. The deliverable was an As-Is Process document and then a To-Be Process document.
  • We were required to design and explain the Mark to Market Profit & Loss, Position Exposure, Market Exposure and Hedging Effectiveness
  • For Option trading, the requirement was to capture of the Option trades as required and ensure that the inputs for the option models were provided to value the options and was able to provide the Greeks.
  • We also designed and maintained the pricing elements namely:
    1. Market Curves
    2. Forward Curves, and
    3. Spot Curves

Client: European Oil & Gas Major in USA


Client Overview:

The client is an integrated global energy company based in Madrid, Spain. It carries out upstream and downstream activities throughout the entire world.

Requirement:

Client was an existing player in the US natural business and wanted to leverage their strength in natural gas business to make gains in the US power market. They had an existing ETRM system for managing their US natural business and wanted to extend it for managing their power business. They also wanted to implement a Bid-to-Bill system. The project involved system selection for the B2b, selection of SI and managing activates of the SI. The project involved approximately 80 people.

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Highlights

  • We were brought on to the project as a client advocate with three main objectives:
    1. Conduct pilot to ascertain Allegro could address the power business requirement.
    2. System selection for handle the Bid-to-Bill business process of power.
    3. Selection of the SI for implementing system for power business and managing the activities of the SI.
  • The system selection involved, issuing RFP, evaluating the responses, referral calls and preparing the recommendation to the Steering Committee.
  • Similarly, the selection of the SI involved, issuing RFP, evaluating the responses, referral calls and preparing the recommendation to the Steering Committee.
  • As a part of managing the actives of the SI, we were involved in taking part and contributing to design discussion, suggesting the best path forward with respect use of the ETRM system, integration of the ETRM system with B2B system, ensuring no disruption to their activities in the existing ETRM system

Client: Natural Gas Utility in Mexico


Client Overview:

The client was formed because of the energy reforms undertaken in Mexico. It is tasked with managing and optimizing the supply of natural gas to all the power generating entities in Mexico

Requirement:

This was a greenfield implementation of an ETRM software to manage its natural gas business. The scheduling till then was managed by third party, which the client was taking over. This necessitated gathering a lot of information with respect to the pipelines as part of the project and ensuring that the scheduling was not disrupted.

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Highlights

  • Requirement session to identify the pipelines that needed to be configured. This included rec/del points, storages as well as interconnects.
  • Identification of the service contracts that would have to be configures along with the tariffs.
  • Identification of the counterparties for the physical trade along with the terms (payment terms, pricing, fees, etc.) that would need to be captured.
  • Designing for the trade capture in the ETRM system
  • Defining the scheduling and actualization process in ETRM system
  • Training the user in trade capture, scheduling and settlement functionally to ensure front to back processing of the trades in the ETRM system
  • Being culturally sensitive and managing client was an important part of the entire implementation process.
  • Knowledge of Spanish language and our sensitivity helped us gain acceptance from the users.

Client: Multiple Client


Requirement:

Integrating the ETRM system with ERP Financial system.

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Highlights

  • Determining which system is the best placed for recording the information
  • Determining whether a one-way interaction or a two-way interaction is required.
  • IDesign the solution for the interface.

Product Experience


  • Implemented Allegro at an Oil major in the Middle East for trading crude and products using vessel movement.
  • Implemented Allegro power module at European Oil and Gas major in the US
  • Implemented the Natural Gas Module 8.1 of Allegro at a Natural Gas Utility in Mexico

  • Implemented the SolArc solution for an US Oil and Gas major.
  • Designed and explained P&L, Position Reports, Exposure Reports, Hedging Reports
  • Modeling of Options trades and explaining Greeks

  • Implemented Triple Point’s ETRM software for the largest refinery in the world.
  • Implemented CXL for Power
  • Implemented the risk module for Petronas

  • Worked on developing the ‘Natural Gas Pipeline’ functionality for the US market
  • Prepared requirement documents, functional specification documents, and test cases
  • Managed development and timelines for delivery

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Rayo Consulting LLC
6914 Elm Trace Dr.
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Phone: + 1 281 725 1422
Email: info@rayoconsulting.com