Release Date: 02 June 2007
Release ID: 1285
Oil Search Limited (OSL), an oil and gas exploration and development company, and Caterpillar Logistics Services, Inc. (Cat Logistics), a wholly owned subsidiary of Caterpillar Inc., have announced plans for Cat Logistics to provide an integrated logistics solution that will support OSLís oil and gas exploration and production operations in Papua New Guinea (PNG).
As part of the five-year agreement, Cat Logistics will provide a solution comprised of warehouse, operations, inventory, event, and transportation management, as well as consulting services in the area of purchasing. The master distribution facility will be located in Singapore, and staffed by Cat Logistics professionals serving OSL throughout operating facilities in PNG.
"OSL has realized the importance of service parts and material availability through supply chain management,Ē said Martin Beasley, PNG Supply Chain Manager, Oil Search (PNG) Limited. ďA joint study between OSL and Cat Logistics identified a number of opportunities to improve OSLís existing supply chain. Cat Logisticsí expertise and ability to provide an integrated logistics solution will have a positive impact on OSLís oil and gas exploration and extraction operations.Ē
"Cat Logistics welcomes the opportunity to serve Oil Search Limited as our first client within the oil and gas industry," said Mary Bell, Chairman & President, Caterpillar Logistics Services, Inc. "With our experience gained in providing logistics services for Caterpillar oil and gas products, we understand the positive impact that superior support can have in an industry where enhancing and optimizing supply chain performance is essential to achieve operational efficiency."
The solution is planned to be fully implemented in the first quarter of 2008.
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