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HOUSTON, Jan. 21, 2021 /PRNewswire/ — OFS Portal just lately introduced it has surpassed 500 authorized agreements with 466 Digital Knowledge Agreements (EDAs) signed by Oilfield Operators and 47 Interoperability Agreements (IOAs) signed by cloud service suppliers. The variety of agreements signed in 2020 exceeded 2019–a signal that digital procurement is accelerating and knowledge stewardship is a rising precedence throughout the Oil & Gasoline {industry}.
“OFS Portal was created by its Members to make sure that knowledge integrity and possession are explicitly addressed within the digital enablement of the Oil & Gasoline provide chain,” mentioned Chris Welsh, OFS Portal CEO. “Our Member firms have been very forward-thinking and noticed the potential dangers that got here with doing enterprise electronically in order that they got here collectively beneath OFS Portal to place a framework in place that ensures knowledge stewardship is applied beneath mutual agreements.”
For over 20 years, OFS Portal agreements have been considered an {industry} finest observe providing knowledge possession, safety and governance. The massive authorized framework is one thing the corporate’s Board of Managers, a gaggle of worldwide numerous Oil & Gasoline suppliers, nonetheless helps and adheres to.
“The OFS Portal agreements have develop into a de facto {industry} commonplace for exchanging enterprise knowledge digitally,” introduced the OFS Portal Board of Managers. “Within the coming years as expertise continues to evolve and newer {industry} eBusiness fashions emerge, our agreements will proceed to offer suppliers and operators with the framework to transact electronically in a confidential and dependable method utilizing open {industry} requirements.”
About OFS Portal
OFS Portal is a Member-based group of industry-leading upstream Oil & Gasoline suppliers and repair suppliers. Our imaginative and prescient is to make cost-effective B2B eCommerce a actuality and the widespread observe for oilfield suppliers, operators and procurement platforms. Our Group consists of a various group of multi-national and regional oilfield suppliers, operators and procurement platforms with mixed operations all around the globe. Present Members embrace Baker Hughes Firm, Fundamental Power Companies, Halliburton, Schlumberger, Choose Power Companies, Complete Security USA, Weatherford Worldwide, and Wellbore Integrity Options.Learn more about an OFS Portal Membership today.
Media Contact:
Yvonne Pham, Advertising Supervisor
832-681-7315
Associated Photos
ofs-portal-agreement.jpg
OFS Portal Settlement
The OFS Portal agreements inter-lock to offer an end-to-end digital framework for transacting securely, implementing requirements and decreasing prices to all buying and selling companions.
SOURCE OFS Portal
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