[eBook] Oil & Gas Procurement And Supply Australia - Industry Report
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A report on the current and future trends for the oil & gas procurement industry in Australia
The Australian oil and gas industry is going through leaps and bounds, with more than $300 billion dollars of oil and gas projects in the planning, development and construction stages. With such rapid developments, procurement has come to the forefront as a critical business asset. Oil & Gas IQ conducted a major study, surveying 46 procurement specialists from leading oil and gas companies such as Caltex, Woodside Energy and QGC, to discover prominent challenges, strategic directions and areas of focus for procurement.
The survey findings revealed effective risk and contract management as the main challenge for procurement departments, and more emphasis on project CAPEX than OPEX.
Interestingly, the majority of respondents indicated a strong strategic approach to working with internal & external legal counsels to improve supplier contract flexibility.
The survey also received unique feedback on the Floating Production Systems (FPS) boom, with some respondents referring to concerns with government policy; whilst others indicated FPS as a positive direction for the oil and gas industry.
Survey Research Objectives:
- Identify the biggest challenges facing procurement departments
- Examine trends in strategy development across risk management, supplier relationship management and supply chains
- Obtain outlooks on the market state of Floating Production Systems (FPS)
- Identify the most important strategies for procurement departments going forward
Participants were asked to answer six questions in a five minute online survey. The questions were designed to extract insights centred on strategic procurement, centralisation, supplier & contract relationship management, project risk management, and industrial developments from a macro perspective.
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