New research from DNV GL has revealed that cost management has become an even higher priority for senior oil and gas professionals in the year ahead, as 73% prepare their company for a sustained period of low oil prices.
The top three measures prioritized to impose stricter cost control are:
- Tougher decisions on capex
- Headcount reductions and
- Increasing pressure on the supply chain.
A New Reality is our sixth annual benchmark report on the outlook for the industry, providing a valuable snapshot of industry confidence, priorities and concerns for the year ahead. It draws on a survey of more than 920 senior oil and gas professionals, along with in-depth interviews with a range of experts and business leaders.
Download your complimentary copy of A New Reality.