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[PDF] Planning Logistics Operations in the Oil Industry

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Added on  2021-04-17

[PDF] Planning Logistics Operations in the Oil Industry

   Added on 2021-04-17

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Running head: LOGISTIC AND OPERATION OIL AND GASLogistic and Operation Oil and GasName of the University:Name of the Student:Author Note:
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1LOGISTIC AND OPERATION OIL AND GASTable of Contents1.Introduction........................................................................................................................22. Discussion..............................................................................................................................32.1. Question 1.......................................................................................................................3Challenges and Opportunities............................................................................................3Planning and Control..........................................................................................................4Inventory and Capacity Management................................................................................4Project Management...........................................................................................................5Health, Safety and Quality Management...........................................................................52.2. Question 2.......................................................................................................................5Outlining target market......................................................................................................52.3. Question 3.......................................................................................................................8Outlining impact of products and equipment.....................................................................83. Conclusion and Recommendation..........................................................................................94. References............................................................................................................................10
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2LOGISTIC AND OPERATION OIL AND GASExecutive SummaryThe report deals with the oil and gas industry, which is one of the leading sectors of theworld. British Petroleum, often abbreviated as BP, is taken as an example in order tounderstand the operations of oil and gas industry. In addition to this, the report discussesabout the planning and control, inventory and capacity management, health and safety andother factors in detail. The company helps in contributing a lot to the country’s GrossDomestic Product. Moreover, the company also operates in various areas includingproduction and exploration, marketing and distribution, refining, trading, petrochemicals andpower generation. Lastly, the report provides some recommendations based on thediscussions made and how their problems with the logistics can be resolved.
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3LOGISTIC AND OPERATION OIL AND GAS1.IntroductionThe oil and gas industry is one of the leading sectors of the world, in terms of dollarvalue. It is highly regarded as the global powerhouse, which employs hundred thousands ofthe workers, all around the world. At the same time, it contributes a lot to the country’seconomy by generating billions of dollars every year. The regions which house the majorNational Oil Companies contribute a significant amount to the country’s Gross DomesticProduct (Jacobs, Chase and Lummus 2014). This particular industry is however, broken intothree major segments, which are Upstream, midstream and downstream. The first componentthat is the Upstream is referred to exploration. This generally involves the need to search forunderwater and underground natural oil and gas fields (Tako and Robinson 2012).The organization chosen is British Petroleum, which is often abbreviated as BP andthe report discusses about the mission, vision and goals of the company. The BritishPetroleum is a multinational oil and gas company which is headquartered at London,England. The vision and mission of the company is to be one of the world’s leadingorganizations, on the basis of market capitalization and revenue generation (Bp.com. 2018). Itwants to widely recognized and successful on the competitive landscape. The company ownsthirteen refineries which supplies commercial and retail customers. Moreover, BritishPetroleum is a vertically integrated company which operates in various areas includingproduction and exploration, marketing and distribution, refining, trading, petrochemicals andpower generation (Coyle et al. 2016). In addition to this, the report will provide somerecommendations in relation to the identified issues and to ensure consistency.
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