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Cost-Efficient Solutions 1.1

Cost-Efficient Solutions 1.1

The brutal fall in the oil price late 2014, forced the oil and gas industry to cut costs at a massive scale. The supply industry responded to the challenge with great commitment and made available cost efficient products, services and solutions that the oil and gas companies took advantage of

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Substantial cost and efficiency gains have been achieved over the last past 3-4 years. The break-even price for a number of field developments is down by 30-50 per cent. The industry has almost halved its overall cost level since 2013. 

This report documents a number of Norwegian oil & gas supply companies that managed to stay in business by increasing their competitiveness and how they did it.