TICKETING-BASED SERVICES

FOR THE OIL AND GAS INDUSTRY

Ondiflo: The Solution for All Oil and Gas Ticketing-Based Services

>>> The Process Today

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Approximately 12.5Mil barrels of oil produced daily

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Millions of logistical transactions every year

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Due to regulations, all logistics within the industry requires full traceability

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Current process is highly manual and utilizes a lot of resources, and is prone to human error

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Manual process also slows the procure-to-pay (P2P) cycle for producers and suppliers

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Slow P2P cycles can cost oil producers and their suppliers a lot of money

>>> Consequences

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On The Procure-to-Pay Process 

  • 45 to 60 days from order to approved invoice

  • Poor record keeping

  • Costly reconciliation and processing 

  • Errors and disputes with service providers 

  • Long DSOs, high working capital financing cost 

  • Poor transparency, inadequate auditability, HS&E risk

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On The Industry
Process costs the industry billions of Dollars, preventing further investments.

Ondiflo streamlines an utterly inefficient process, by leveraging Blockchain technology and IoT sensors

Ondiflo's DNA

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Automation

  • Efficiency in Operations 

  • Optimized Procure-to-Pay

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Blockchain

  • Trust Between Operators and Suppliers

  • Compliance

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Collaboration

  • Accelerated Adoption by All Stakeholders

  • Standards and Open Platform

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Disruption + Transformation

  • A Paradigm Shift in Ticketing-Based Services

  • Part of the Enterprise Digital Oilfield Transformation

Ondiflo: Data Flow

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Field Data (sourced from IIoTs or SCADA when possible) are captured in Blockchain 


Orders and Tickets are created via Smart Contracts and pushed to Trading Partner workflows


Invoices are captured in Blockchain and triggered payments and associated trade financing


Documentation can also be generated via Smart Contracts and pushed to Regulators

>>> Components Involved

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IoT Sensors

Measure, Alert, Trigger

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Blockchain

Smart Contracts

Order, Dispatch, Deliver, Invoice, Comply

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Trade Finance

Pay, Notify, Finance

>>> Systems Involved

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Sending System

IoT, Mobile, GPS, ERP, Database

Off Chain

Database, Workflow, Business Logic, Transformers, API

Blockchain

Smart Contracts, Master Data, ID Management, Transactions

Receiving System

Dispatching, ERP, ETRM, Repository

Ondiflo: The Benefits

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Cost reduction by improved efficiency

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Improved driver and truck utilization

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Improved Safety, Dispatch and Scheduling

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Reduced Disputes and Reconciliation Effort

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Reduced procure-to-pay time cycles

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Improved compliance to EPA, DOT and other regulations

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Full Auditability

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New Business Models and Value-Chain Partnerships

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Contact Ondiflo

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