Operational excellence crucial for oil & gas firms

Firms are having to be as efficient as possible in the face of falling prices

Operational excellence is more important than ever.
Operational excellence is more important than ever.

Increasing standards of operational excellence is more important than ever, as companies continue to deal with the fall out of the low oil price.

Andy Gibbins, EPC vice president, MENA, said: “Given the falls in crude oil and natural gas prices, many producers are under significant and immediate pressure to reduce expenditure but it is essential that this is done in a way that does not impact the long term safety, reliability, flexibility and efficiency of the organisation.

“Companies need to be smart during times of economic instability and cost cutting, without careful consideration, can be a recipe for disaster.”

Euro Petroleum Consultants [EPC], has announced the programme for the third edition of OpEx MENA 2015 - Operational Excellence in Oil, Gas & Petrochemicals Conference. The annual forum takes place in Abu Dhabi from 6 - 8 December 2015.

A company spokesperson for DuPont Sustainable Solutions, a major sponsor of the event, said their view "that current economic conditions are forcing Operational Excellence initiatives to look for ways to reduce cost whilst staying competitive. Companies need to be able to use the current situation as an opportunity to outperform competition. The only answer to volatility is agility."

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