World-class procurement and the National Oil Company opportunity
as published in Next Generation Oil & Gas - Middle East North Africa (MENA) edition
Recently, many National Oil Companies (NOCs) have embarked on a journey to become more global in scale externally, coupled with a drive to become more efficient in their operations internally. In just the last six months there have been several large scale initiatives that characterize the evolution (or revolution) of the NOC into an operating model more closely resembling that of an International Oil Company (IOC). This revolution of sorts is creating a new class of NOCs: the International National Oil Company.
Bennett West, principal, Deloitte Consulting LLP and leader for the U.S. Energy Supply Chain and Downstream Oil & Gas pracices, and David Traylor, Deloitte Touche Tohmatsu Limited global leader for National Oil Companies services, discuss procurement proces enhancements available to NOCs in the Winter 2009 issue of Next Generation Oil & Gas MENA. "World-class procurement and the National Oil Company opportunity" looks at various models which have been used effectively by the IOCs and which offer promise for increasing NOC efficiency in the procurement process. The print version of this edition also includes an interview with the authors on the topic.
Also of interest to NOCs:
As published in a previous edition of Next Generation Oil & Gas MENA: Accelerating the pace of change: The time is now