Upstream and midstream companies, face a unique set of challenges, particularly in the current price environment. There is a need to continue to find and develop new services, while moving toward a leaner, margin-focused approach to operations. Companies will continue to need to be judicious in ensuring return on capital, all while delivering on their social contract for safety and environmental stewardship. Companies have undertaken significant restructuring since 2014, but there are still many opportunities to transform how they work. Increased activity levels will continue to challenge upstream and midstream companies to maintain cost reductions across the value chain. Digital evolution presents many opportunities for efficiency, and also for distraction and wasted capital if not managed effectively.
IT Solutions Worldwide works with companies to improve their competitiveness. We help clients identify and address end-to-end well delivery process improvement, including the following:
- Procurement / Purchasing
- Logistics and Transport
- Operational strategies
In addition, IT Solutions Worldwide supports midstream companies in project execution, improving processing times and developing KPI's.