Oil and Gas
Oil and Gas Industry Challenges
In addition to the challenges posed by geographical location, the oil and gas industry is faced with a highly volatile and rapidly fluctuating market due to the pressures of global geopolitical forces. Competition for depleting sources is at an all time high while the costs for exploration and recovery are continuing to rise. The need to drive down operational costs is the key factor in sustaining a profitable business model.
To ensure profitability and sustained growth, companies are faced with a number of critical questions:
- How do we manage shareholders who are putting continuous pressure on us for a return on their investment?
- How can we balance lowering operational costs with the need to invest in new technology for advanced exploration and production?
- With resources depleting year-on-year, is now the right time to slowly start moving away from oil and gas production and focus on renewable fuels?
- How can we increase production and recovery rates whilst reducing operational costs?
Our Oil and Gas Industry Expertise
The oil and gas industry demands a highly diverse set of human, mechanical, and technological capabilities. These demands require the highest level of strategic project management and research and analysis to operate effectively.
Our oil and gas practice includes both downstream and upstream consulting expertise. We help our clients integrate operational excellence with sound business practices. Our clients include exploration companies, oil refineries, petrochemical plants, petroleum and natural gas distributors, and retail outlets.
Please complete our contact form to find out more about our oil and gas industry consultancy.