Operations & project realities
Would you describe your outlook for 2016 as... 19 + 81 + E 19% Optimistic
81 + 19 + E 81% Concerned
Industry drivers Is this just a rough patch or is the world of “Big Oil” changing forever? While the oil price may recover eventually, significant changes to business models and operational strategies are likely to result from the seismic impact of innovation on the sector, from the shale revolution to greater investment in renewables. The need for greater agility is clear. While over a fifth (21%) of our survey respondents say they will be focussing on smaller and/or more flexible capital-light projects as their number one strategy, virtually none (1%) thought they would instead focus on fewer but larger projects with heavy capital.
What one strategy would you drive as a priority in light of the current market conditions?
21% Focusonsmallerand/ ormoreflexiblecapital- lightprojects
10% Generatingamore innovativeand efficientsupplychain
5% Enhancement ordevelopment ofdownstream capabilities
5% Enhancementor developmentof upstreamcapabilities
1% Focus on fewer but larger projects with heavy capital
32% Restructuringofthe businessorassets
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