Securing the future of oil and gas
The oil and gas industry today is facing unprecedented challenges. Prices are fluctuating wildly against a background of oversupply, sharp changes in demand and new modes of production such as fracking. At the same time, exploring new potential fields has become more expensive and plagued by political instability in the resource-rich regions of the world.
Added to that is governmental and societal pressure to reduce CO2 emissions and increase the use of renewable energy sources. On a purely operational level, production planning is becoming more unpredictable and the maintenance of assets more expensive. On top of this, digital transformation is creating new business models and rendering traditional methods and processes obsolete.