With much of the technology so important to oil and gas industry's offshore exploration and production being long-lead and capital intensive, making informed procurement decisions is critically important. The Business Strategy & Analysis team have developed a number of tools and models to support decision makers within this remit.
Gaining an understanding of the relationship between supply and demand in the future can help give visibility over future pricing changes and the potential of supply chain disruption. Whilst the team may use aspects of these models to support other areas of bespoke work, such as market entry strategy, typically the purchasers of this information are the major exploration and production companies.