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Sunday, 08 June, 2014

Procurement, Trading and Logistics Group


Summary

Profile of the Procurement, Trading and Logistics Group

This group has three core areas of business:

  1. Procurement: This segment covers the procurement a wide range of oil field materials and equipment for its clients related to drilling, projects, maintenance and production operations.  The service covers tendering,  ordering, expediting and delivery.
  2. Trading: This is a new business for Nobel and covers the physical trading of oil and fuel products,  arranging for the purchase and transportation of products to meet user requirements.
  3. Logistics: This is a new business for Nobel focused on providing the shipping and logistics to support the trading of oil and fuel products.

Development Strategy

Procurement

  • Continue to focus on providing procurement services to existing customers.
  • Expand the range of procurement materials, equipment and services to existing customers.
  • Expand procurement services to new customers.

Trading:

  • As a start up business for the Nobel,  the short term focus is on smaller, regional oil and fuel product deals.  As the number of deals increase and in-house trading knowledge and competencies is built up,  expansion into other products is anticipated. 

Logistics:

  • The plan is to start and develop this part in parallel with the development of the Trading business.
     
 


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