New One-Stop Information Gateway to Boost Oil & Gas Supply Chain in UK

New One-Stop Information Gateway to Boost Oil & Gas Supply Chain in UK

The consolidation of supply chain in emerging and established markets is one the key strategies adopted by a number of oil and gas companies to boost their competitiveness and profitability. This calls for the presence of integrated resources—initiatives, tools, and consultation—meeting a variety of sector-wide needs. With the presence of unexplored reserves in the U.K. Continental Shelf, to facilitate economic recovery of oil and gas up to 20 billion barrels, a new, integrated resource for online business development tool was launched on November 1 in the Oil & Gas UK’s Share Fair at Aberdeen Exhibition and Conference Centre.

The initiative is supported by Stork, a Fluor company. The resources form a part of supply chain hub hosted by Oil & Gas UK, and is developed by Oil and Gas Authority and the industry in general. This will provide players one-stop facility for all their needs pertaining to exploration, field production and development, and decommissioning.

Integrated Resources to Help Players Shift from Short-term to Long-Term Sustainability

This development of web-based tools marks a notable development for various players in shifting from short-term sustenance strategy to long-term profitability and sustainability, considering the marginal business environment the U.K. has. The development of industry-wide initiatives for establishing supply chain hub is supported by various stakeholders, trade associations, regional bodies, and several government agencies. The tools will help U.K. players establish world-class capabilities, especially with regard to areas of mature basin expertise, notably subsea engineering and high-pressure, high-temperature oilfield.

The Supply Chain Hub, along with the Efficiency Hub, forms a part of integrated resources that is available for meeting the needs of supply chain development in particular and the over oil and gas industry in general.

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Ganesh Rajput

As one of the lead news writers on CMFE News, Ganesh’s specialization lies in the science and technology domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Ganesh’s take on the impact of digital technologies across the science, technology, and business domains gives his writing a fresh and modern outlook.

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