1. Reducing costs to remain competitive
Producing crude oil and refined products at a lower cost to stay competitive on the market is one of the industry’s major challenges. Optimizing production systems and environmental utilities on currently operating sites is, therefore, a priority for the oil industry. This maximizes production efficiency, reduces the costs of extraction and refining and thereby offsets the exploration costs.
2. Improving performance to ensure the valorization of assets
To sustain their supply of crude oil or gas, oil companies are looking to extend the life of mature sites but are also compelled to seek new sources of oil or gas for which extraction, transport, and refining are much more complex and costly. For that, they aim to achieve 100% reliability of their plants: no unplanned shutdowns, increased throughput, secure industrial assets.
3. Improving the Environmental footprint to meet the increasingly stringent standard
The oil and gas industry is a major consumer of water and energy resources and is therefore subject to increasingly stringent environmental standards. This constrains them to rethink extraction, production and distribution methods in order to obtain or maintain their license to operate.
They also have to provide guarantees and ensure transparency in the environmental management of their activities.
Producing crude oil and refined products at a lower cost to stay competitive on the market is one of the industry’s major challenges. Optimizing production systems and environmental utilities on currently operating sites is, therefore, a priority for the oil industry. This maximizes production efficiency, reduces the costs of extraction and refining and thereby offsets the exploration costs.
To sustain their supply of crude oil or gas, oil companies are looking to extend the life of mature sites but are also compelled to seek new sources of oil or gas for which extraction, transport, and refining are much more complex and costly. For that, they aim to achieve 100% reliability of their plants: no unplanned shutdowns, increased throughput, secure industrial assets.
3. Improving the Environmental footprint to meet the increasingly stringent standard
The oil and gas industry is a major consumer of water and energy resources and is therefore subject to increasingly stringent environmental standards. This constrains them to rethink extraction, production and distribution methods in order to obtain or maintain their license to operate.
They also have to provide guarantees and ensure transparency in the environmental management of their activities.
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