Industrial Refinery Stock Valuation
One of the world’s leading energy companies, with approximately 93,000 employees, operating in more than 70 countries, required the support of RGIS. The oil and gas company has been operating in Argentina since 1914. The main activities are the exploration and production of oil and gas, the refining of crude oil, the marketing of fuels and lubricants.
REQUIREMENT
The oil and gas company needed a solution to count and value all stock after the sale of part of the company, so required RGIS to provide the following:
- All stock to be accurately counted
- Valuation of all the stock
- Location of all the stock items identified
- Locations to include lubricant plant, gas stations and Buenos Aires refinery
SOLUTION
The oil and gas company partnered with RGIS to complete the count and value all stock project, and provided the following:
- RGIS teamed up with third party engineers and experienced valuers
- Counted gas in different stages of production, through the measurement of tanks and lubricants
- Scheduled an experienced RGIS team for one month to cover all locations
RESULTS
The oil and gas company found by outsourcing the count and value all stock project to RGIS, the following results were achieved:
- Accurately counted all stock in all locations
- Valuation, location and quantity stock data reports were provided to the customer in the format requested
- The reporting ensured the sale process was completed smoothly