Oil & Gas margins: procurement has tricks up its sleeve

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Predicting oil prices is fool’s sport. However, any possible increase in upstream activity in 2019 is likely to cause cost pressures for both exploration & production and oilfield service companies. From a scenario-modeling perspective, procurement departments at both could benefit from preparing to play a larger role in creating enterprise value and helping grow margins. Fortunately, a fresh set of levers is available.

Oil & Gas margins: procurement has tricks up its sleeve