Overview
As market conditions continue to create uncertainty in the oil and gas industry, companies have survived oil price fluctuations by focusing on being lean. To be lean they are rigorously eliminating waste, managing by exception, focusing on core skills, extensively outsourcing their commodity tasks and optimizing production and throughput of existing assets. As the companies go through this change they are building the foundation for their digital turning point.
As the companies establish their foundation, they focus on setting themselves up to be more agile to help them sustain these market conditions. To be more agile they are leveraging comprehensive, real time planning, forecasting and modeling across the enterprise and creating scalable processes and systems through automation, artificial intelligence and machine learning. They are connecting to the ecosystem and developing capabilities to rapidly integrate and optimize acquired assets.
Challenges
Minimizing costs to remain competitive
Meeting environmental regulations
Improve collaboration with oilfield services to improve logistics
Performance improvement
Equipment reliability, inspection and maintenance
Aging workforce
Solutions
- Engineering
- Portfolio and Project Management
- Shutdown, Turnaround and Outages
- Project Logistics
- Total Workforce Management
- Asset Management
- Environment, Health and Safety
- Spare Parts and Materials Management
- Hydrocarbon Production Management
- Hydrocarbon Revenue Management
- Field Logistics
- Hydrocarbon Supply and Distribution
- Hydrocarbon Processing Visibility
- Commercial Sales and Marketing
- Secondary Distribution and Fuels Retailing
- Convenience Retailing