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Webinar SeriesFrom Data to Decisions: License Usage Analytics for Engineering Teams
Webinar SeriesPreparing for Cloud-Based and SaaS Licensing Models
Webinar SeriesFive Signs You Have a License Hoarder on Your Team
Webinar SeriesCentralized License Integration Management System (CLIMS): One Portal. Total License Control.
Webinar SeriesWhy The Smartest Product Teams Never Go to a Budget Meeting Empty-Handed
Webinar SeriesLicense Consolidation Strategy During Mergers & Acquisitions
Webinar SeriesDriving License Efficiency with ServiceNow® SAM Pro and Open iT
Webinar SeriesUnlocking Hidden Value with Software Asset Management
CUSTOMER SUCCESS STORIES

Energy Supermajor

A global Energy supermajor streamlined its fragmented digital portfolio, tackling rising costs and lost expertise head-on. With Open iT’s harvesting capabilities, advanced reporting, and expert support, they optimized software usage, eliminated waste, and transformed cost management into a strategic advantage.

Drilling Down on Digital Inefficiencies with License Optimization & Harvesting

Highlights

  • Industry-leading subsurface modeling software: $2-3M annual savings on licenses (costs reduced from $12M to $9.5M) and 75% improvement in license utilization (from 75% idle to 75% active).
  • Specialized geological modeling software: 50% cost reduction, saving $2M.
  • Industry-standard drilling engineering software: $600K saved, further reductions expected.
  • Expanded monitoring beyond geoscience to reservoir engineering, well operations, and petrophysics.
  • Introduced license harvesting—reclaiming idle licenses and increasing efficiency.
  • Anonymized reporting was implemented to comply with internal privacy policies.
  • Future-proofing software management with additional optimizations planned for cloud-based applications.

Company and Business Overview

A leading Energy supermajor with over 100,000 employees and $200 billion in revenue operates a very large digital product portfolio, spanning exploration, reservoir engineering, production, and Well operations. Their specialized software suite includes industry-leading tools for subsurface modeling, well operations, geophysical interpretation, and advanced reservoir modeling, supporting end-to-end operations from subsurface analysis to production management.

The company runs its internal cloud-based infrastructure, ensuring secure and seamless access to its integrated toolset across global locations. This setup proved invaluable during the pandemic, allowing operations to continue without disruption.

Business Challenges

The company then faced escalating software costs and inefficiencies due to a fragmented and unmonitored software portfolio. Ownership of digital applications was spread across multiple teams, and there had been no systematic review of license usage for some time.

Key challenges included:

  • $50 M+ product portfolio was tracked using outdated spreadsheets.
  • Lack of centralized software management, which led to overspending.
  • Complex approval processes that required extensive manual efforts.

Recognizing the need for change, the company assembled a dedicated business analytics team to modernize software asset management and optimize licensing costs.

Whitepapers

Cost Allocation and IT Chargeback

The most efficient way to create more accountability and awareness of how IT resources are used is to implement a chargeback system.

Software Usage Monitoring and Optimization

Learn how usage monitoring in an E&P IT environment can be beneficial for many stakeholders.

Rising Use of Subscription and Pay-per-Use Software Licensing Models

Have a meaningful software usage metrics and tools to evaluate and plan appropriately prior to making new licensing decisions.

Take a Guided Tour

Get answers with a one-on-one walk-through.

Schedule a live demo today. We’ll show you how your business can benefit from an efficient software asset management program with Open iT usage metering tools.

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Please note:
By submitting this form you are agreeing to receive additional communications from Open iT. Your information will be processed in accordance with our Privacy Notice.

Let's talk

We’ll show you how your business can benefit from Open iT solutions.
Please note:
By submitting this form you are agreeing to receive additional communications from Open iT. Your information will be processed in accordance with our Privacy Notice.