The global upstream business is enduring its most testing environment for over a decade. The oil price decline in 2014 placed extreme pressure on the viability of new developments and returns from production operations.
Survive, adapt, grow are the watchwords of the future as players strive to stay profitable and competitive amid industry challenges, including:
• Significantly reduced cashflow & rationing of capital investment
• Pressure from investors to improve returns
• The implications of COP21
• Finding a path to profitable growth
But the new business environment has also created opportunities. Our consultants help position your organisation for success to exploit lower operating costs and project breakevens, increased accessibility of exploration acreage and the reduction in competition for M&A opportunities.