Getenergy Global 2016 The 12th Annual Getenergy Global event seeks to increase shareholder value, support host governments and provide cases of cost-effective ways to operate in the low oil price environment, delivered by building the capacity of local education systems, supply chains and comprehensive training strategies.
The persistent low oil price coupled with ever-more complex exploration and production environments is placing pressure on operators and contractors to maintain the flow of oil and gas whilst ensuring that costs are kept in check. If the price position becomes the ‘new normal’ this will mean long held E&P business models will need to change fundamentally. Many companies are undergoing a detailed review of their business and operations in light of the changing economics of our industry.
Furthermore, we are also witnessing a growing realisation by those nations that boast oil and gas resources that these natural assets must be the key to wider economic and social development and ultimately to diversification away from resource dependency. This is sparking ever-more determined efforts towards local content in the supply chain, nationalisation of the remaining workforce and an increased focus on the value chain related to oil/gas products.
Taken together, the pressure on costs coupled with a drive towards local content demands one principal response – the localisation of oil and gas operations.
The 12th Annual Getenergy Global event will provide thought leading discussion, facilitate partnership opportunities and offer important benchmarking among peers to support a tripartite approach between Governments, the oil & gas industry and education & training to deliver the successful localisation of projects.
Getenergy invites you to participate in our Global meeting on the 15-17th May at the Business Design Centre, London to contribute towards this fundamental step change within our industry.