SOCAR Subsidiary Selects Allegro

State Oil Company of the Republic of Azerbaijan (SOCAR) Subsidiary selects Allegro for Gas Sales

Complex gas purchase, sales and transportation agreements to be managed with Allegro 8 ETRM platform

LONDON and BAKU, AZERBAIJAN: APRIL 1, 2015 – Allegro Development Corporation today announced that SOCAR Gas Operating Company (SGOC) has chosen the Allegro 8 platform to support gas sales and operations business in respect to its operatorship of Azerbaijan Gas Supply Company. SGOC will use Allegro’s enterprise class software to manage day-to-day operations on its portfolio of contracts.

In a competitive tender to replace a legacy in-house system, SGOC sought a platform that would simplify the operations management of complex long-term gas purchase, sales and transportation agreements.

“Allegro 8 has provided convincing solutions to the system challenges faced by SGOC,” said Alekper Abbasli, Managing Director at SGOC. “We are confident that with this platform, we can cover our current needs, but will also have the flexibility to extend our business into other areas in the mid to long term future.”

Allegro will support SGOC gas sales operations across the entire process workflow, with the following benefits:

  • The ability to manage physical gas sales operations, including comprehensive contract management, scheduling, messaging, reporting as well as settlement.
  • Streamlined workflow management and transparent visibility of key data
  • A flexible platform with the capacity to scale with business growth and readily support strategic business expansion

 

About SGOC

SGOC is a subsidiary of the State Oil Company of the Azerbaijan Republic (SOCAR) and will be the operator of Azerbaijan Gas Sales Company (AGSC). SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan. Three production divisions, one oil refineries and one gas processing plant, a deep water platform fabrication yard, two trusts, one institution, and 23 subdivisions are operating as corporate entities under SOCAR. For more information about SOCAR, please visit www.socar.az ».

About Allegro

Allegro develops and markets integrated commodity management software providing position visibility, risk management, comprehensive controls and regulatory compliance. Allegro customers manage commodities from production to consumption, including oil and gas production, petroleum refining, agriculture and forestry, mining, chemicals, metals, food, transportation, commercial and utility sectors. Allegro software is tailored to the specific needs of each commodity, with a comprehensive set of features and functions to support profitable decisions. Allegro is headquartered in Dallas, with offices in Calgary, Dubai, Houston, Jakarta, London, Kuala Lumpur, Singapore, Sydney and Zurich.

For more information, please visit www.allegrodev.com or contact Samantha Johnston at media@allegrodev.com or +1.214.237.8149.

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