Accenture Awarded Management Consulting and Systems Integration Contract from Tullow Oil to Transform Finance and Supply Chain

  Accenture Awarded Management Consulting and Systems Integration Contract
  from Tullow Oil to Transform Finance and Supply Chain Functions

Business Wire

LONDON -- May 14, 2013

Accenture (NYSE: ACN) has been selected by Tullow Oil (LSE: TLW) to design and
implement a new SAP® solution to replace the oil exploration and production
company’s accounting and supply chain systems and to manage the integration of
the technology and business processes across these two functions through
development of a new target operation model.

Under the terms of the contract, Accenture will work with Tullow Oil to
implement the financial accounting and controlling module of the SAP ERP
Financials solution, materials management with the SAP ERP application and the
SAP for Oil & Gas set of solutions, using Accenture Enterprise Services for
energy companies. Accenture will also undertake change management work to
support the teams and processes that benefit from the integration.

Accenture had been working with Tullow Oil since early 2011, supporting its
finance function in the configuration of the SAP solution to replace its
current accounting system. During this process, the range and number of
interactions with the supply chain function, as part of the requisition to pay
process, became increasingly evident.

In early 2012, Accenture and Tullow Oil conducted a feasibility study on
implementing one standard platform across both business functions.

“Our feasibility study demonstrated that implementing an SAP solution across
both our finance and supply chain functions will create a more cost-effective,
standardized operating model that will allow us the flexibility for future
growth,” said Andrew Marks, chief information officer of Tullow Oil. “We
selected Accenture to manage the implementation based on its technical and
industry expertise, as well as its team’s good understanding of our sector and
business operating model.”

“This integration will provide Tullow Oil with an advanced platform to manage
its business in a more time- and cost-efficient way, benefiting its customers,
employees and suppliers,” said Johan Nell, client director and managing
director in Accenture’s Energy business. “We are delighted to have been chosen
to help Tullow Oil in the transformation of its finance and supply chain
functions and to help the business achieve high performance.”

About Accenture

Accenture is a global management consulting, technology services and
outsourcing company, with approximately 261,000 people serving clients in more
than 120 countries.Combining unparalleled experience, comprehensive
capabilities across all industries and business functions, and extensive
research on the world’s most successful companies, Accenture collaborates with
clients to help them become high-performance businesses and governments.The
company generated net revenues of US$27.9billion for the fiscal year ended
Aug. 31, 2012. Its home page is www.accenture.com.

Accenture Enterprise Services

The Accenture Enterprise Services (AES) for Energy is an innovative,
comprehensive and proven approach that helps energy companies accelerate
enterprise-wide business value for high performance and lasting competitive
advantage. The service links industry-specific, leading-practice processes to
preconfigured enterprise resource planning (ERP) solutions built on the latest
ERP technology and are packaged with complete process documentation and
industrialized implementation accelerators.
www.accenture.com/enterprise-services-energy

About Tullow Oil

Tullow is a leading independent oil and gas, exploration and production group
and is quoted on the London, Ghana and Irish Stock Exchanges (symbol: TLW.L).
The Group has interests in over 100 production and exploration licences in 22
countries which are managed as three regional business units: West & North
Africa, South & East Africa and Europe, South America and Asia.

Contact:

Accenture
Allen Valahu, + 33 1 53 23 57 54
allen.valahu@accenture.com
or
Justyna Devraj, + 44 207 844 0090
justyna.devraj@accenture.com
 
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