MAPNA WIT (Wisdom, Innovation, Technology) has been added to the MAPNA Group oil and gas sector with a mission to provide innovative solutions in this sector.
Over the past year, MAPNA Group has implemented targeted structural changes to foster innovative development, align with the evolving business world, and take more effective steps towards modernizing and enhancing its knowledge and technological capabilities.
One of the latest developments in this regard is the integration of the “MAPNA Management Consulting” company, later renamed MAPNA WIT, into MAPNA’s oil and gas sector. Their mission is focused on innovating the way MAPNA contributes to the oil and gas industry.
According to Mustafa Ash’ari, the CEO of MAPNA WIT, these developments are the outcome of extensive studies and plans in the oil and gas sector. The aim is to reinforce a development- and innovation-oriented perspective of the oil and gas industry within MAPNA, he said.
The company’s evolution is reflected in its name change from “MAPNA Management Consulting” to MAPNA WIT, which represents a fusion of wisdom, innovation, and technology.
Over the past year, this company has served as a hub for ideas developed in the oil and gas sector, based on existing needs and requirements, Ash’ari said, adding that it’s important to note that the core services of the company will continue to be a key part of its offerings and will remain in the company’s service portfolio.
Creating value through innovation and fostering innovative activities in the oil and gas sector is the primary mission that the MAPNA Group and the oil and gas sector envision for this company, said the CEO.
Innovation, he maintained, can serve as a lever for problem-solving across various software and hardware dimensions, leading to the adoption of new and efficient technologies, tools, methods, and approaches.
“One of the serious challenges is providing experienced and knowledgeable personnel in the oil and gas field,” he said, adding, “We plan to address this significant issue of manpower skills in the oil and gas field through new and innovative learning experiences.”
The oil and gas business involves large numbers and is very attractive in that sense, however, it also presents significant challenges and fluctuations, he said.
“The oil and gas market has become more competitive due to fewer opportunities, and in many business opportunities, part of the financial risk falls on the executive. Therefore, analysis of the business environment is essential in this industry. We aim to enhance our ability to monitor trends, identify market opportunities and threats, and increase oil and gas production,” Ash’ari said.
“We concluded that these ideas should be consolidated into a central hub capable of serving all companies within the oil and gas sector. One of the most significant immediate impacts of this structural change is the provision of requirements for the oil and gas sector, which until now, were addressed on a limited scale alongside operational tasks,” he added.
In the short term, the establishment of the MAPNA WIT is expected to provide oil and gas sector companies with quicker and more cost-effective access to innovative services, according to Ash’ari.
Over the medium term, the company’s activities are anticipated to accelerate MAPNA’s adaptation to changes in the oil and gas field, foster valuable knowledge accumulation within the organization, and influence the quantitative and measurable indicators of the oil and gas sector (such as income flow, profitability, and total cost) in a tangible and stable manner, he concluded.