ExxonMobil in Talks with Vendors for $1B IT Contracts

September 3, 2009 at 3:12 am Leave a comment

ExxonMobil is in talks with India’s top technology firms and multinational vendors for outsourcing of several IT contracts worth up to $1 billion, according to The Economic Times of India. The publication reported that L&T Infotech and HCL Technologies and others are vying for almost $1 billion of outsourcing work to be doled out by ExxonMobil for application development, maintenance and support.

            “The discussions are at an early stage. However, ExxonMobil wants to work with fewer, large and medium-sized vendors at lower rates,” a US-based person familiar with ExxonMobil’s outsourcing strategy told The Economic Times. Exxon runs on SAP platform across business units spread over 200 countries with nearly 80,000 employees.

            IT leaders of major oil companies are demanding lower operational costs, thus outsourcing and offshoring of ERP maintenance and support is gaining momentum, according to research analysts at Gartner. says the economic turbulence is a major catalyst for outsourcing of ERP systems and services.




Entry filed under: News Flash, Oil & Gas IT Management. Tags: , , , , .

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