PRESS RELEASE

Increasing Drilling Activities Driving the Need for Oil Spill Solutions

Mar 20, 2018

SpendEdge Procurement Market Intelligence Infographics - Oil Spill SolutionsLondon, Mar 20, 2018: Global growth in oil and gas transportation through vessels/carriers has led to increase in oil spills worldwide, which has led to the increase in demand for oil spill solutions. Additionally, the rise in a significant number of deep-water drilling activities across regions has led to increase in the market demand for oil spill solutions.

SpendEdge’s latest procurement research report on the global oil spill solutions market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the utilities, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.

“On a regular basis, crude oil is transferred from the production unit (offshore) to the distribution centers increasing the probability of oil spill in water bodies such as rivers, bay, and ocean. Hence, governments in countries such as the UK have mandated that every offshore installation and oil handling facility must have an approved OPEP.” – Tridib Bora, utilities expert at SpendEdge.

Buyers usually fail to estimate total procurement costs due to oil spills due to the uncertainty associated with the intensity of the oil spill. The actual procurement costs for clean-up can differ widely. This makes it difficult for buyers to allocate budgets in terms of the procurement spend associated with oil spills.

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This procurement report on the glass oil spill solutions market offers insights on:

  • Supply markets, growth drivers, trends, and imminent restraints
  • Key suppliers and assessment of their capabilities
  • Procurement best practices
  • Negotiation strategies and cost-saving opportunities
  • Pricing models and category innovations
  • For a comprehensive, detailed list, view our full report

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