28 C
Saturday, January 15, 2022
HomeProcurementImpact of Shale Oil on Corporate Procurement in the Global Oil and...

Impact of Shale Oil on Corporate Procurement in the Global Oil and Gas Industry

The Earth contains large amounts of hydrocarbons that are not contained within what might be called conventional reservoirs. These unconventional deposits are often difficult to access, relatively expensive to develop and require advanced technologies to make production possible.

Unconventional hydrocarbons represent the future of fossil fuel supply. Arguably the most exciting unconventional deposits are those provided by shale gas and shale oil, hydrocarbons generated and retained by fine grained sedimentary rocks.

With conventional hydrocarbon reserves being rapidly utilised, a future in which demand for conventional deposits outstrips supply is inevitable. Hence, attention is turning to unconventional resources to satisfy our present and future oil and gas needs.

The full content is only visible to SIPMM members

Already a member? Please Login to continue reading.

Lim Shuhui, ADPSM
Lim Shuhui has extensive experience in the procurement and logistics sector, specifically in the field of oil & gas refinery. She is a qualified member of the Singapore Institute of Purchasing and Materials Management. Shuhui is currently pursuing a course at SIPMM Institute on Advanced Diploma in Procurement and Supply Management (ADPSM).

Most Read