As the industry evolves, so too must E&P strategies, portfolios, organizational capabilities, and operating models – capabilities must be enhanced, workflows streamlined, and productivity optimized, through broad operating model redesign. Enterprise operating models require a stronger and more tailored set of key capabilities – some new – to accommodate our evolving business landscape and global resource base.

Toward that end, we have identified the following list of six actions that will help you to cut costs and grow production, using a capabilities-driven strategy.

  • Identify and Strengthen Critical Capabilities
  • Focus on Structural versus Cyclical Costs
  • Use Better Benchmarking
  • Optimize, Don’t Minimize, Cost
  • Invest More in Technology
  • Adopt and Simplify Standards and Specifications

IHS Markit Case Study: 6 Ways to Cut Costs and Grow Production

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