The drop in the oil price led quickly to the implementation of cost cutting measures and reductions in planned capital expenditure by oil companies. These defensive strategies have had an immediate impact on the oilfield services companies which rely on the oil companies for their business. The impact has been swift and is deepening. Many businesses are facing severe reductions in cash flow.
While it is expected that the price of oil will stabilize and recover in due course, it is unclear when or to what level. In the meantime, the price remains volatile, creating significant uncertainty which itself has a broad negative impact.
It is critical that all businesses participating in the oil and gas industry understand and prepare for the circumstances at hand, and both the risks and the opportunities which will arise.
This TBM Evolution event will enable participants to learn about pioneering partnership models, learn how to create a new toolbox for current changes, and get best practices on how to evaluate current risks and current opportunities.
VPs, Heads, Directors, and Managers:
• Risk Management
• Oil & Gas Companies: Integrated, Independent
• Oilfield Service Companies
Do you think you experience and knowledge can contribute to the agenda?
Are you interested in presenting a case study on behalf of your company?