Project Description

Oil and Gas: Why technology could help with competitiveness

The oil and gas industry has been through a roller-coaster time over the past few years; having experienced a glut of oversupply it now looks as though it could be facing a supply crunch. This combined with the pressures around the external challenges of global sustainability, depleting stocks and increasingly challenging sites means that oil and gas organisations, and their allied supply chains, are having to consider how they remain competitive.

What the future holds

With the current economic uncertainty and the increasing macro challenges, focusing on cost-savings, streamlining business processes and developing capital-efficient strategies are essential. The advances in technology mean that traditional enterprise asset management systems can be a key component in identifying maintenance savings, minimising costly failures and creating more effective business working practices for the asset management teams. All of these contribute to helping the organisation achieve a competitive advantage for a sustainable existence.

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