Energy
Energy
The oil and gas industry can be broadly divided into three core segments: upstream, midstream, and downstream. Each segment represents a distinct phase in the oil and gas value chain and performs specific activities related to exploration, production, transportation, refining, and distribution of oil and gas products.
Upstream
- Portfolio Optimization
- Asset Planning
- Long Range Planning
- Scenario Analysis
- Business Development
Midstream
- Volume Forecasting
- Capacity Panning
- Capital Projects
- Gas Processing Contracts
- Marketing
Downstream
- Volume Forecasting
- Revenue Forecasting
- Capital Projects/Turnaround
- Retail Planning
Increase Sustainable Cost Savings
- Optimized pricing & commercial incentive mechanisms
- Enable better positioning in future contract negotiations
- Identify additional savings through targeted contract negotiations
- Reduce creep of time & cost
Reduce Operational Costs
- Promote accurate invoicing & payment
- Simplify & consolidate contract structures
- Improved decision making
- Improved data governance
- Reduce the requirement to execute corrective contract reviews
Manage Risk Effectively
- Ensure operational, technical & financial changes are captured
- Align contracts to business outcomes / goals
- Prevent the implementation of ineffective contract terms
- Strong negotiation position on claims
- Assure supplier compliance with regulatory
Improve Delivery
- Ensure service delivery as per contractual terms
- Increase visibility and improve performance structures
- Improve quality of KPI’s and management information
- Allow better understanding & management of the supply chain
Improve Relationships with Suppliers
- Improved relationships through structured reviews
- Effective supplier management & management information
- Realize savings delivered through benefits tracking
- Allow contractual improvement & innovation
- Demonstrate performance & value to key stakeholders
