Supply Chain Resilience: A Strategic Framework for Oil and Gas Companies
The oil and gas industry's supply chain resilience is crucial to maintaining safe, compliant, and economically viable flows in deteriorating conditions. Oil and gas companies define supply chain resilience as the ability to limit operational, commercial, safety, and reputational consequences when disruption occurs.
Risk assessment in energy supply chains often focuses on isolated events rather than evaluating them as supply chain scenarios. Each major risk should be assessed by probability, impact, detectability, and available response options.
The critical flows that require resilience investment can be identified through a practical set of questions. Which pipelines have no feasible substitute? Which marine terminals are essential for export or import access?
Cyber-physical resilience is now core supply chain work in the oil and gas industry. A digital incident can have physical consequences, and a physical disruption can quickly expose digital dependencies.