E-catalogue
The new joint venture will provide a standardized electronic catalog and contract information for upstream products and services. Participants are ABB, Baker Hughes, BJ Services, Cooper Cameron, ENSCO, FMC, Halliburton, National Oilwell, Schlumberger, Smith International, Transocean Sedco Forex, and Weatherford.
B2B
The design phase of the project is underway and later, OFS Portal services will be available worldwide to all customers, either individually or through B2B exchanges. Suppliers in all oilfield products and services segments would have the opportunity to participate in OFS Portal.
Integration
Responding to requests from B2B exchanges and portals, as well as many individual customers, OFS Portal members claim that e-commerce has enormous potential benefits for both buyers and sellers. The integration of different supplier offerings into multiple e-procurement environments will reduce overall costs and improve efficiencies.
Not for profit.
As a not-for-profit independent service, OFS Portal will format and publish standardized content, enable subscription by users, establish transaction standards, and facilitate other aspects of the procurement process. OFS Portal will not operate as an exchange for executing transactions.
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