What’s Next for Oil and Gas? Recovery Scenarios and Navigation Strategies

Plunging demand, lack of storage capacity, oversupply: The oil and gas industry is grappling with severe consequences of the pandemic. Current financial constraints mean that oil producers can’t respond as they did during previous market and price crashes.

Something’s got to give — the old strategies aren’t working anymore. Fortunately, procurement and supply chain organizations are well placed to initiate much-needed changes in the sector.

In this webinar, GEP presents a panel discussion featuring the best operations, procurement and supply chain minds from several major oil and gas companies. Panelists will discuss downturn mitigation strategies and the medium- to long-term structural implications of the pandemic for oil and gas procurement and supply chain organizations. 

Key Discussion Points:

• Mitigating the financial impacts of capital contract cancellations
• Strategies for sustained cost reduction, including cash auctions that also help support suppliers
• The outlook for procurement and supply chain organizations under a variety of recovery scenarios  

Don’t miss the opportunity to gain the most in-depth, nuanced vision of procurement and supply chain for oil and gas that has been presented to date in the wake of the pandemic.