Oil and gas prices have fluctuated wildly over the last year. Despite the price cycles, energy companies know that they have to focus on the medium to long term situation when it comes to achieving growth and making sound decisions. Investments in R&D, people and technology are crucial to maintaining a long term competitive edge. While making these important investments, companies also have to focus on controlling costs, improving controls and managing risks.
PwC is the world leading advisor to the energy industry, working with exploration, production, downstream, and service companies to provide business solutions tailored to the energy sector.
Our strength in serving this truly global business comes from our skills, our experience and our team of industry specialists. For more than 100 years we have helped energy companies succeed.
- Oil and gas challenges
- How PwC can support you
- Operational Excellence
Oil and gas challenges
Getting the very best out of operational activities has become vital for oil and gas companies. Reserves are becoming more inaccessible and expensive to get out of the ground. New technologies and engineering solutions need to be maximised. Scarce talent has to go further. Midstream and downstream activities need to gain margin. Above all, industry safety is critical.
The following challenges stands out as most pressing in today’s market:
- Improving performance and operational effectiveness
- Accelerating the time to first oil – transform from a partner to an operator
- Talent and Competence Management: to handle constantly increasing requirements to have “right competence on board” is setting new standard for talent and competence management
- Complying with regulatory & reporting requirements
- Industry transactions & consolidation
- Recruiting and retaining a skilled workforce
How PwC can support you
By using our deep understanding of the Oil & Gas sectors operations, risk management, compliance processes, IT systems and human resources, we can support you with:
- Drive and facilitate change initiatives
- Drive and manage growth processes
- Transform your business from partner to E&P operatorship
- Sustainable cost reductions
- Pre and post deal support
- Improve Supply Chain / Sourcing
- Project management support
- Translate strategy into sustainable performance
- Assess your competence and skills platform
- Structure and implement talent and competence management
- Derive benefit from risk management and compliance spend
- Capitalize on the convergence of technologies
- Crisis Management
Our clients engage our Performance Improvement consultants to assist in designing, managing and execution of lasting change. We draw on skills in operations, people, technology, finance and risk management to advise and implement, locally and globally. We also help your people to build the knowledge necessary to make change effective and sustainable.
We are continuously developing and improving our services delivered to the O&G industry according to the industry’s needs and developments. Our Point Of Views debate relevant issues, based on independent and challenging insights, facts and industry benchmarks.
Operational Excellence
Operational excellence is no longer something to strive for – it is a ‘must have’. PwC’s operational excellence services can ensure you deliver.
- E&P core improvement
- Support our clients in their preparations for new challenges, roles and responsibilities. We clarify the organisations goals, activities, roles and responsibilities, and drives changes by involving managers and key employees across functions
- Strategic Competence Management
- Help our clients to ensure that they have the sufficient capabilities within the E&P areas to support operational plans and to comply with internal and external requirements
- Asset Optmization
- Supporting the industry to handle cost cutting pressures arising from shrinking margins and old plants with a need of improvement and investments
- Supply Chain Management
- Supporting organisations to maximize the efficiency of their supply chains to support their E&P operations
- Key Performance Indicators (KPI's)
- Supporting organisations to have up-to-date performance data that can help assess alignment to short- mid and long-term goals and objectives
Contact us
