Reliable surveys indicate that a majority of leading oil major senior executives intend to either maintain or increase capital expenditure throughout 2019. While it is undoubtedly encouraging to see an appetite for investment and growth returning following the post-2014 downturn, it is also clear that the Oil and Gas sector remains under great pressure. Lower demand, delayed capital investment and heightened geopolitical risks are among the factors giving cause for concern and, overall, leading stakeholders to put emphasis on value, rather than volume.
In the circumstances, it is evident that stakeholders must continue to pursue a cost-saving approach across the entire value chain: from E & P, all the way through to End of Life and decommissioning. But, to remain truly competitive, it is essential that they do more. Truly embracing innovation - in particular, cross-cutting technologies that have the potential to not only reduce operating costs but to make previously impossible tasks feasible - is a start. Improving strategic and operational collaboration, especially with the supply chain, is also paramount.
Precision helps Oil and Gas sector clients develop appropriate strategies by identifying needs, scoping aims, unlocking resources and developing comprehensive implementation strategies. From government agencies and regulators seeking to support their industries, to asset owners, operators and other key stakeholders, we can help identify opportunities, access the relevant value chains and maximise profits.
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Abu Dhabi National Oil Company (ADNOC)
Instituto Brasileiro de Petróleo (IBP)
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OIL & GAS FACULTY
Precision’s Oil & Gas faculty comprises world-renowned consultants, researchers, analysts, communications experts and other leading professionals.
Drawing upon the unparalleled expertise inherent in this assiduously assembled faculty, we provide a comprehensive suite of services to public and private sector clients alike.
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