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...