Extracting the most value, 1IGS Drive Africa
Helping oil and gas companies be efficient and competitive. Volatility and unpredictability in the oil & gas sector have not abated from the levels we’ve observed over the last several decades. Geopolitical and economic uncertainties, regulatory restrictions, changing global markets and supply risks are compelling oil & gas companies to up their game and adopt a dynamic approach to operations and processes.
Notwithstanding the surge in oil prices that has benefited the oil & gas companies immensely by bringing more money to the table, there are several key challenges that need to be negotiated, including:
Newer, more efficient technologies resulting in less fuel consumption than before
Rise of electric vehicles and declining auto demand
Significant focus on regulatory compliance and adherence to environmental and personnel safety
Increasing cost of exploration and upstream operations
Global operations resulting in inconsistent processes and practices
Procurement, with its increasing strategic reach, can help oil & gas companies generate more value by identifying cost-saving opportunities, redefining supplier relationships, increasing spend efficiency and mitigating supply chain risks, to name a few. Unique Challenges:
Every segment within the oil & gas sector has its unique challenges and complexities. The common thread among them is the need to contain costs and drive efficiencies.
Comprehensive and Value-Driven Solutions.
1IGS Procurement has almost two decades of procurement expertise that spans consulting, technology and managed services. 1IGS’s procurement solutions for the oil & gas industry encompass spend analysis, category management, strategic sourcing, supply market intelligence, supply risk management, and much more.
Our team of industry experts is continually focused on identifying new avenues of growth and efficiency for our oil & gas clients, and accelerating the process of value realization.
Supply Market Intelligence
Supply Risk Management
Strategic Cost Management
At 1IGS, we believe that every industry is unique. So we’ve built industry-specific expertise which helps us deliver comprehensive procurement and supply chain solutions to every major industry. From consulting to BPO to software, our extensive range of solutions is designed to maximize value from your procurement operation.
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