The energy industry is highly complex, capital intensive and fraught with challenges. Some of the issues include:
- New sources of supply – exploration in emerging markets with inherent infrastructure and cultural issues
- Lack of effective end to end supply chain processes from extraction through delivery and services in retail channel
- Asset management- utilization and optimization of assets, need for predictive and preventive maintenance programs
- Safety as an overriding issue – the public is watching!
- Global compliance – this is a major issue for US based corporations who need to compete with global corporations (non US-based)
- Political instability in key geographic regions
The team at New Creed have supported clients in this industry over a period of several decades.
Problems we have solved in collaboration with client team members include:
Liquid Natural Gas production in West Africa
Provided expertise and support to large Global Oil, Natural Gas and alternative fuel enterprises with regard to supply chain risk management. Activities included establishing strategic sourcing agreements, procurement processes, procedures and supplier development programs.
Oil Discovering and Drilling Operations
Developed and implemented ‘blueprint’ for establishing new international operations, taking into account disparity in infrastructure in emerging markets. Identified Risk Factors and developed mitigation strategy for supply continuity of critical spares and components in support of discovery and refining operations.