Bright spots

A few years ago, many thought the North Sea to be in terminal decline – at least from the point of view of the supermajors as they looked to manage their exit from the North Sea. In the simplest of terms, the higher price oil environment has given the North Sea a new lease of life. In addition to renewed interest from the supermajors, a new breed of low cost operators are moving in to take on this ageing asset base which was failing to attract the level of investment required to sustain production.

Our publication discusses the challenges facing the North Sea industry and how Deloitte can help.

Information Technology (IT) has always been a key component of the upstream oil and gas business, however, the upstream oil and gas industry is under continuing pressure to reduce costs, increase productivity and ensure efficient use of resources, particularly skilled human resources. To this end, companies have been focusing on core business activities, developing production capacity to match demand and using technology as a business enabler.

Our report outlines the challenges which oil companies face in seeking to safeguard their IT assets and what needs to be correctly managed in order to maintain integrity, safety and reliability as well as reducing business exposure.