Managing global demand
In recent years, GCC governments have concentrated on diversifying existing economies to non-oil based industries. However, demand for the oil and gas sector to supply global markets from the Middle East remains very high. Saudi Arabia, for example, has the world’s second largest oil reserves and is expanding investments creating various opportunities for upstream and downstream companies. With oil prices having fallen sharply since 2014 from the 100 USD price point, reducing costs in internal processes and operations to maximize productivity and profitability is considered vital.
In recent years, renewable energy projects have risen in number, increasing the pressure on the oil and gas sector. To gain a competitive position within the Middle East region, oil and gas companies have to show flexibility in managing global demand. Implementing better practices across both upstream and downstream activities will remain a key factor to thrive in such competitive markets.
The energy demand in the Middle East region is expected to grow by 77% by 2035 and this would require further investments to fulfil demand generated from local markets. Having a local partner with experience and expertise to support such activities will remain a key enabler for achieving growth.
CAMELOT understands the challenges posed by the recent developments in the sector and supports leading regional oil and gas companies, suppliers and stakeholders alike, across the entire value chain. With an extensive global best-practice database, CAMELOT can leverage its expertise to help companies stay ahead of the competition by enhancing their performance and mitigating risks.
CAMELOT’s service offering for the oil and gas sector includes:
- Strategy and Business Model Innovation
- Business Transformation & Organization
- Supply Chain Management
- Logistics & Distribution
- Finance & Performance Management
- Operational Excellence
- Risk Complexity and Management
- Information & Data Management