Statoil, and SAP are to develop an online marketplace for the oil and gas industry based upon SAP’s mySAP.com e-commerce portal. The marketplace will be open to all members of the oil and gas industry. The initial focus will be procurement of equipment and services for upstream and downstream business including maintenance, goods and services, spare parts, equipment, and oilfield services.
substantial
Statoil expects substantial cost savings on its $4 billion procurement budget. SAP’s Dieter Rafalsky says “Now oil and gas companies will be able to embrace the Internet to expand market reach, reduce operational costs and improve customer satisfaction.” The mySAP.com Marketplace for the Oil and Gas Industry is expected to begin operating in the second quarter of 2000.
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