How it Works

SourceXcite brings a fresh perspective to sourcing and contract management, designed to create excitement and efficiency in the oil and gas industry. Here’s how it works:

1.     Streamlined Sourcing and Contract Management:

SourceXcite sources and maintains contracts exclusively with reputable oil and gas suppliers, making these agreements accessible to industry buyers through a valid subscription.

2.     Accelerated Order Processing:

Our platform empowers Exploration & Production (E&P) companies to transition directly to the "Order Stage," significantly reducing lead times for sourcing and manufacturing. Orders are prepared for shipment in record time.

3.     Exclusive Price Visibility:

Price visibility for listed products is reserved for buyers from oil and gas companies with valid subscriptions. Subscribed E&P companies can effortlessly check firm prices after identifying their needs, simply by logging into the SourceXcite website.

4.     Trusted Suppliers Only:

We ensure that only reputable manufacturers and OEMs are featured on the SourceXcite platform, with prices accessible solely to subscribed users.

For Oil & Gas E&P/Service Companies:

• Companies can choose from various subscription packages tailored for their buyers, enabling price visibility and order placement.
• Once subscribed, users can securely log in to view prices and place orders. Prices are quoted on an EX-Works basis.
• SourceXcite confirms orders instantly, with a maximum confirmation time of three working days from the supplier.
• Any clarifications will be handled anonymously.
• Purchase Orders are placed directly with manufacturers/suppliers, noting care of SourceXcite.
• Confirmed orders will be shipped to the buyer's designated facility, with CIF charges included. Insurance and freight costs will be quoted separately, as needed.
• Subscribed oil and gas companies agree to provide tentative yearly drilling plans to SourceXcite, allowing us to plan and source contracts tailored to industry requirements. NDAs will be signed for any shared plans.

For Suppliers:

Suppliers interested in listing their products on SourceXcite should reach out through our "Contact Us" page. After thorough due diligence and contractual arrangements, we will enlist your products on our platform.

For more information and to explore our subscription plans, please Contact Us.