Oil Exploration and Production
While oil prices have undergone periods of extreme volatility since the 1970s, oil has remained the dominant primary energy source globally and will remain so for the time being, even if its position is gradually eroding.
The upstream oil sector, however, is facing many challenges, both in terms of maintaining supply and confronting an uncertain outlook for demand.
Some of these challenges include:
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Reduced easily accessible reserves and rising petronationalism, pushing independent exploration and production activity to frontier and unconventional resource locations. This brings with it the increased pressure to meet technological challenges faced in these environments both safely and reliably, while minimizing the marginal cost of supply
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Increased regulatory requirements to ensure safe operation while maintaining corporate emphasis on reducing the cost base of assets and increasing shareholder value
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An extended period of volatile and high oil prices, driven by both global unrest and imbalances in crude benchmarks, is promoting government policy to reduce oil dependence and enhance the security of energy supply through, inter alia, the promotion of other energy sources
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The security of energy supply and environmental agendas are pushing increased energy efficiency across the board, with large impact on heavy oil consuming sectors such as transportation
Why choose Ricardo
RSC draws on a combination of deep oil and gas industry knowledge and expertise and first class consulting capabilities to support our clients in facing the challenges of an ever evolving market, particularly in:
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Corporate and business unit strategy development
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Portfolio positioning, optimization and market entry
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Oil market analysis
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Project feasibility studies and cost assessment
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Commercial due diligence
RSC clients in the Oil Exploration and Production space include oil & gas companies, automotive OEMs, logistics providers and the investment community. RSC works with our clients’ top teams to developing policies and strategies to create value and maximize the opportunities available in the changing energy world.