UK OIL INDUSTRY

UK Oil Industry

UK Oil Industry

The UK oil and gas industry(O&G Industry) is Britain's greatest industrial success story in the last 50 years.

Oil and gas provide energy and essential chemicals for our transport, industry and homes, and earn valuable tax and export revenues to support the British economy, The figures tell their own story - the UK offshore oil and gas industry:

provides three quarters of the UK's primary energy.

provides employment for 380,000 people.

has invested £ 150 billion over the last 25 years.

has paid £ 150 billion in taxes since the 1970s.

adds £4 billion a year to balance of payments.

accounts for one-fifth of UK annual investment.

The significance of down streaming, up streaming and the procedures of O&G Industry in UK and these perspectives with esteem to petroleum provide string of connections presentation in descending alignment of significance arrives out as: clientele, economic, interior enterprise method, discovery and learning. Within these perspectives, the following components appear to be most significant respectively: purity of merchandise, market share, and stable provide of raw material and use of data technology. The downstream petroleum provide string of connections is inefficient and uneconomical because of the self-reliance of the convoluted and fragmented purposes which comprise it. Crude oil investigation, swapping, transport, and perfecting are purposes which may be integrated through unified decision-making facilitated by timely data exchange. This exchange has been awkward because the four enterprise flats with their disparate undertakings have not been adept to arrest and appropriately structure the needed information.

O&G Industry currently uses the Make-To-Order model to supply the distributors and they are supposed to collect the goods at the plant. O&G industry is thinking about changing the model to Make-To-Stock so they have to have an additional warehouse. They are considering all the costs and planning to launch a trial after comparison. This is one of the key issues in my dissertation and I have to focus on it and come up with the result. All necessary documents will be forwarded later on. The other major department is AIME, stands for Aviation, Industries, Marine and Energy. There are only two brands in this area: O&G industry and Castrol. There are 8 ports in UAE and one port in Oman. There are 5 countries involved with this department in the region. The current model is Make- To- Stock through a 3rd party logistics. The other major department is O&G industry group which are involved in some part of purchasing process from O&G industry Belgium.

The importance of down streaming, up streaming and the operations of O&G industry in UK and these perspectives with respect to petroleum supply chain performance in descending order of importance comes out as: customer, financial, internal business process, innovation and learning. Within these perspectives, the following factors seem to be most important respectively: purity of product, market share, steady supply of raw material and use of information technology.

Oil has been used since early human history to keep fire ablaze but its usage has evolved over the years through innovative ...