Production and Operation Management

In: Business and Management

Submitted By Anne1954
Words 953
Pages 4
Running head: Prdctn & Oprtns Mgt

Production and Operations Management
Laretha Moss
Strayer University
Dr. John Theodore
November 14, 2010

Abstract
Building more ports and pipelines to transport and distribute crude oil could reduce the time involve in the production process. Gasoline is refined from crude oil. . In general OPEC sets most of the price of crude oil and therefore the price of gas. The Organization of the Petroleum Exporting Countries (OPEC) makes the decisions concerning crude oil, therefore, if crude oil prices increase there is a possibility that gas prices will increase. Unless the oil companies can find another way to extract the oil without drilling there is no way to remain competitive.

Production and Operations Management
Explain one possible option that Marathon could take to reduce the time involved in the production process.

Presently Marathon Oil has the Louisiana Offshore Oil Port (LOOP), located in the Gulf of Mexico, which transports more than one million barrels of crude oil daily – 10 percent of U.S. imports-to-shore through a 48 inch pipe. Additional ports and pipelines can be added to transport and distribute the crude oil (Marathon, 2009). The projected increases in worldwide oil demand in 2030 would require daily crude oil production of 15 million barrels more than current production. The world is looking to the Organization of Petroleum Exporting Countries (OPEC) to supply much of the necessary increased production. The remaining supply is expected to come from non-conventional sources including Canadian oil sands. Deepwater exploration and development initiatives also are expected to be sustained (eia). Another possible option that Marathon could take to reduce the time involved in the production process would be robots. The use of remote-controlled robots are especially well suited for work in…...

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