VOL. XLIII
No. 15
10-April-2000
E-COMMERCE
Internet Procurement Could Lower E&P Costs By $0.55-1.15/BOE Says Goldman Sachs
Procurement via the internet could take $10-20bn/year out of the petroleum industry cost structure, according to Goldman Sachs Investment Research. In its E-Oils: Improving Returns in an Internet World report published in early March, Goldman Sachs says that for the exploration and production (E&P) sector alone, $4-8bn/year of cost savings could be achieved, which...
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