JOURNAL ARTICLE

A STRATEGIC APPROACH FOR OPTIMIZING MATERIALS AND SERVICES IN OIL AND GAS PRODUCTION OPERATIONS.

  • Published In: Journal of Energy & Development, 2025, v. 50, n. 2. P. 249 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Murthy, Tata L. N. 3 of 3

Abstract

Oil and gas exploration and production require extensive materials and services that are critical to sustaining operations. Effective supply chain management ensures that operators maintain adequate stocks and service support; disruptions in any component of this chain can significantly hinder production. These materials and services span diverse categories, each with distinct importance to operational continuity. Because inputs in oil and gas production are costly, material requirements planning plays a central role in reducing inefficiencies. Excess inventories create sunk costs and waste both capital and operational expenditures. Therefore, optimizing the procurement, allocation, and utilization of materials and services is essential for minimizing costs while ensuring uninterrupted production and long-term organizational sustainability. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Journal of Energy & Development. 2025/03, Vol. 50, Issue 2, p249
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • ISSN:0361-4476
  • Accession Number:191882723
  • Copyright Statement:Copyright of Journal of Energy & Development is the property of ICEED: International Research Center for Energy & Economic Development and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.