Distribute oil derivatives worldwide
Distribute oil derivatives worldwide
Distribute oil derivatives worldwide
Previous slide
Next slide

Distribute oil derivatives worldwide

Petroleum is not distributed evenly around the world. Slightly less than half of the world’s proven reserves are located in the Middle East (including Iran but not North Africa). Following the Middle East are Canada and the United States, Latin America, Africa, and the region made up of Russia, Kazakhstan, and other countries that were once part of the Soviet Union.

The amount of oil and natural gas a given region produces is not always proportionate to the size of its proven reserves. For example, the Middle East contains approximately 50 percent of the world’s proven reserves but accounts for only about 30 percent of global oil production (though this figure is still higher than in any other region). The United States, by contrast, lays claim to less than 2 percent of the world’s proven reserves but produces roughly 16 percent of the world’s oil.

Solutions:

The GF Balance Overseas sector of the Oil & Gas Industry includes the operations that occur after the production phase until the point of sale. GF Balance Overseas operations include refining, processing, transportation, and sale of petroleum products. The increasing demand for safe and reliable operations, while minimizing the total cost of operations, is expected to drive the adoption of GF Balance Overseas oil and gas services in the industry.

GF Balance Overseas oil and gas services play an important role in maximizing the refining process while impacting the desirability and marketability of the finished product. The GF Balance Overseas supply chain involves major operations such as effective database management, marketing by-products, and effective management of distribution. GF Balance Overseas provides scheduling, tracking, inventory management, buy/sells, production allocations, in-line transfers and documentation services of crude oil through pipeline systems, terminals, docks and other locations where oil is transported.

GF Balance Overseas oil and gas services include asset integrity management, industrial technical inspection, petroleum testing, refining and distribution, hazardous location equipment testing, and database software solutions. Some of them also include Enterprise Asset Management (EAM) solutions, which address core Asset Information Management and Plant Asset Maintenance Management applications.

We create long-term value from our assets by managing the flow of these commodities. We bring our specialized knowledge of safe, reliable energy production and management of production assets, together with our experience of global markets, to create a single commercial face to the world’s traded markets.

GF Balance Overseas requires no term contract and customer set up is effortless. We value the relationships with our customers, which is why we work with you from the time you nominate with us till the close of monthly business.