Low oil prices have increased pressure on the oil and gas industry to improve the capital efficiency of major projects.
In this speech, Harry Brekelmans argues that a project team should, therefore, focus on: applying greater scrutiny to the project’s scope; ensuring its efficient execution; deploying affordable technology; and transforming the project’s supply chain.
He says these areas are not only important in the current economic climate. They are essential to the sustainable future of the industry.
Ladies and gentlemen, good morning.
It’s a pleasure to be with you today.It’s also exciting that this conference is taking place in Florence – birthplace of the Renaissance. A time of exploration. Of discovery. Of great inventions.
The oil and gas industry is in need of its own Renaissance. This will be how we collectively respond to the tough business environment we find ourselves in.
I realise this all sounds like a rather classical ‘change by exhortation’ method. And the obvious question that this critical audience will ask me is: ‘How exactly do you expect us all to do this?’
In the next 20 minutes or so, I’ll give my answer, focusing on how we can use the period of sustained low oil prices to really step up and work better together.