OPEX 2019: The drive towards operational excellence in oil and gas

The key challenges and solutions to achieving OPEX in the oil and gas industry in 2019 and beyond

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The need for operational excellence (OPEX) in the oil and gas industry is not a new trend, with companies talking about it for years.

OPEX, however, remains a somewhat vague goal as different organizations come at it from different angles, aware that they need to reduce costs, improve efficiency and enhance customer experience.

While these goals can be achieved through a forward-looking and coherent OPEX plan, the path to success can differ significantly from company to company.

In this report, Oil & Gas IQ offers definition and structure to what OPEX looks like for oil and gas companies, focusing in on topics and theme discussed at the OPEX Online 2019 conference including:

  • OPEX as it relates to the use of data and analytics software
  • Digital transformation
  • Agility
  • Ageing assets
  • Risk-based inspection

The 2019 online event was attended by more than 1,000 oil and gas professionals and featured speakers from OpenText, Shell, Texas A&M University, Kinder Morgan and ADNOC.

This report contains highlights from the event and discusses challenges to achieving OPEX in 2019 and beyond, as well as solutions designed to help companies reach their goals.

PLUS! Download your copy of this report and you'll also get a FREE PASS to our next online event, Asset Optimization in Oil & Gas 2019, hosted by Oil & Gas IQ and the authors of this report, OpenText.