Case Study on Logistics And Operations For Oil And Gas
Added on 2020-04-21
13 Pages3121 Words48 Views
RUNNING HAED: logistics and operations for oil and gas1Logistics And Operations For Oil And GasCase StudySubmitted By:Contents
Logistics and operations for oil and gas2Introduction.................................................................................................................................................3Company Overview.....................................................................................................................................3Digital Technology at BP............................................................................................................................3Upstream technology and its critical evaluation..........................................................................................5Role of digital technology in operational safety and supply chain...............................................................7Critical evaluation of cloud based ERP system to enhance organisation’s methods of planning and coordinating.................................................................................................................................................8Main logistical and operational issues and challenges it............................................................................104 of the key human behavioural issues......................................................................................................10Conclusion.................................................................................................................................................11Recommendations.....................................................................................................................................11References.................................................................................................................................................12
Logistics and operations for oil and gas3Introduction The oil and Gas industry is facing an intense pressure from the operational efficiencies due to thelowering oil prices. This is to achieve breakthrough by managing performance demand in aneffective way. Digital technologies and models are important to meet the points in the oil and gasvalue chain. In current situation, the oil and gas industry has digital perspective to driveefficiencies across the industry landscape. The report primarily focuses on digital technologyused by BP in managing its operations. It describes the role of digital technology in managingoperational safety and supply chain. By considering all the factor chain and developmentprocedure, it is able to manage the consequent changes taking place in the production anddistribution channel. Company OverviewBP P.L.C in a British Oil Company is located in London. It is one of the worlds 6th Oil and GasCompany. It became the largest oil producing company in the year 2012 and the 6th majorcompany by capitalization. BP is coordinated vertically and carries out all the operations relatedto oil and petroleum. They have a sustainable interest in the management of bio fuel and windenergy. The changing technology has a long-term implication on the organization. Just likemany other organizations, international oil giant BP has undergone a digital transformation of itsown by relying on cloud computing. Digital Technology at BPBP has implemented effective cloud efforts over the last 18 months. It has gained rewards, due tothe digital technology cost savings, in an effective way by adding innovation. Technologicalchanges at BP have helped in managing the changes taking place in the digital environment. The
Logistics and operations for oil and gas4changing use of technology and digitalization has helped in organizing the resources in the mostappropriate way. This has helped in implementing the resource up-gradation in the company inorder to gain the benefit. In order you remain competitive, it is important to implement aneffective digital technology mechanism. This will help in gaining sustainable changes in theoperations. It is important for organizing the day-to-day operations. It is the most effective waythat is used by the companies in order to gain concrete changes. This is a necessary fact thatneeds to be implemented in order to coordinate the desired changes. The approach is effectivewhile focusing on the deliberate changes that are important for achieving the ultimate goal. Upstream technology and its critical evaluation Digitalization helps in imbibing effective industry’s ecosystem, by disrupting traditional value chains and redefining roles. The new business models allow companies in leading organizational change. By using a structured approach digitalization can be understood in order to develop changes in a systematic way. The technology stack approach helps in exploring how digitalization will alter the upstream oil ecosystem. It involves 5 steps in the upstream value chain: exploration and appraisal, concept development, project definition and execution, drilling,and production. These approaches are important from the point of view of providing structured changes in order to gain effectiveness.
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