Company Research Report: OFS Portal, LLC

Company Overview

Name

OFS Portal, LLC

Mission of the Company

Through industry leadership in Oil & Gas eCommerce, OFS Portal aims to engage suppliers, operators, and procurement platforms in implementing a common interoperability model that includes enforcement of proper data protection and sovereignty as well as the use of open industry standards in a cost-effective manner.

Founding Year and Founders

Founded in 2000. Founders not specified in the data.

Key People

Jennifer Chenault (Baker Hughes Company)

David Harless (Halliburton Energy Services)

Todd Giasson (SLB)

Mimi Stansbury (OFS Portal LLC)

Headquarters

3 Riverway, Suite 920, Houston, TX 77056

Number of Employees

No information is available.

Revenue of the Company

No information is available.

Known For

OFS Portal is known for its leadership in Oil & Gas eCommerce, helping suppliers and operators to engage in secure, trusted, and collaborative digital transactions. The company is recognized for developing and implementing a common interoperability model for the industry.

Products

Products Offered

Catalog Management & Syndication Tool

Description: A secure data management and syndication system for sending contractually agreed upon pricing for goods and services to operators.

Key Features:

Multi-client and multi-tenant support

Standardized format (PIDX XML)

Audit logs and activity archives

Price book management

2 and 3-way invoice matching

International & Government Fiscal Reporting Access Point

Description: Enables members to integrate with international operators in a tax-compliant manner according to government mandates.

Key Features:

SAF-T and CTC compliance

Increased efficiency in administrative processes

PIDX standard invoicing format

Faster rollout in new countries

eCommerce Best Practices Consultancy

Description: Provides best-in-class consultancy services for successful eCommerce deployments from early planning stages through integration lifecycle.

Key Features:

Implementation expertise

Guidance for suppliers and operators

Legal framework for secure connections

Recent Developments

Membership Growth: The number of operators implementing eCommerce standards has doubled in the last five years.

Standard Framework Implementation: Successful implementation of a standard framework for digital integration, including agreements with leading supplier members, operators, and procurement platforms.

Catalog Lite for Operators: Introduction of a streamlined version of the Catalog tool aimed at simplifying the process for operators.

eInvoicing & Tax Compliance: Expanded services for international government fiscal reporting, including compliance with Colombian DIAN, Italian FATTURA PA, Mexican CFDI, and Indian IRP.