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E-business to slash costs. B.Davus. Petroleum Review., February 2000, 54(639), 14--15.

E-procurement could result in $10-$20bn of annual savings for the oil industry, according to a new report - entitled 'e*Oils' - by Goldman Sachs Technology Research Team. The stockbrokers forecast that e-procurement will be the fourth major cost reduction driver, following in the wake of benefits from new oilfield technologies, productivity gains via restructuring and outsourcing and the recent spate of mergers and joint ventures.
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