The oil price environment is forcing major change and difficult decisions within the Oil & Gas industry. Existing operating models are being challenged and new approaches are being sought to respond to market supply and demand dynamics, environmental concerns, and the high costs associated with developing unconventional resources.
These challenges are driving industry actors to search for technological innovation to keep costs low, while bolstering safety, increasing reliability, and driving efficiency – from drilling pad to refinery. Sustainability is a matter of leveraging the right technology, one that will help improve a company’s CAPEX and OPEX, as well as its environmental and safety performance.
Siemens aims to be the leading provider of electrical, rotating equipment and process automation in the Oil & Gas industry with reliable best-in-class products, solutions and services. It has the largest mission critical portfolio in the industry, offering a dependable range of products, solutions and services for a variety of applications along the entire O&G value chain. The company’s global footprint allows it to be present everywhere its customers need it.
Through technologies and solutions that help improve safety and security, increase productivity, and maximize capital efficiency, Siemens can offer companies the cost savings they need to drive success in a low oil price environment.