Procuring Services and Managing Risk in the Oil and Gas Industry

Oil and gas procurement organizations have navigated a very difficult period over the last few years. With dramatic shifts in underlying commodity pricing, inflation and deflation in supplier costs, and project postponements and restarts, oil and gas procurement teams have endured full swings from a “mad race to secure resources” to “rapid cost containment” and back again in a very short period. This period of intense activity has led many organizations to reevaluate the effectiveness and efficiency of their current processes and systems; and in light of the 2010 Gulf of Mexico spill, to take an even deeper look at how proactive and transparent the organization will need to be in the face of increasing regulatory and media scrutiny.

Download this white paper to learn why investing in a truly comprehensive procurement platform can help oil & gas companies manage their services procurement practices while minimizing their risk exposure.

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White Paper