Trans Island Electromechanical LLC (TRANSIZ)

General information

Oil & gas companies represent a significant portion of the global economy today given their very large scale of global operations. According to the 2009 Fortune Global rankings, oil & gas companies occupy seven out of the top 10 positions, and account for over 70% of the total revenues in the top-10 list. However, despite their larger scale and broader global reach, oil & gas companies have lagged other verticals such as financial services and telecommunications in their outsourcing and offshoring initiatives.

Although the oil & gas vertical witnessed some strategic, mega outsourcing transactions such as BP’s US$1.1 billion deal with IBM for business process outsourcing (BPO) services in finance & accounting or Shell’s US$1 billion IT infrastructure services deal with EDS, the majority of the activity in the vertical has been limited to smaller, opportunistic engagements with local and regional suppliers.