Challenges faced by the Oil & Gas Industry

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CHALLENGE

Operations Integrity

Oil & Gas industry views excellence in Operations Integrity (Safety, Security, Health and Environmental (SSH&E) performance) as a leading strategic priority. Leveraging digital technologies to predict incidents before they occur can help reduce risks and lost-time incident rates, resulting in significant savings.

CHALLENGE

Supply Chain Mastery

As a part of their growth and sustainability-related business strategy, Oil & Gas companies are continually exploring across all geological and geographical environments, using industry-leading technology and capabilities.  As markets continue to show high volatility and dynamic structural changes, companies must master core supply chain capabilities to gain competitive advantage.

CHALLENGE

Refining Efficiency

Oil & Gas companies strive to increase refining efficiency for robust supply high quality products to meet the demand. To achieve this, they need to improve production flexibility, increase operational predictability, and optimize asset reliability and availability.

CHALLENGE

Digital Continuity

Oil & Gas recognizes that digital continuity across every phase of the plant lifecycle holds the key to increasing the overall efficiency, quality, and reliability of these highly complex capital facilities.

CHALLENGE

Portfolio Diversification

Fast-moving markets require that Oil & Gas companies adapt or face a competitive disadvantage. Increasing their footprint in new markets means innovating and diversifying with new products and services that meet regional and local requirements.

CHALLENGE

Project Execution

Oil & Gas companies need to optimize resources and procurement processes to run lean operations, reduce environmental footprint and increase asset performance. Through optimal investment and “re”-investment and a reduced “time to first oil”, they insure sustained business success.

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