#OG2050: Peterson – Echoes from the OTC showroom floor

OTC at Houston's NRG Park.
OTC at Houston's NRG Park.

It’s understandable, following a 50% drop in the price of oil between June last year and March 2015, that participants of Energy Voice’s ‘Energy 2050 – Securing Our Energy Future’ survey, expressed the ‘need to slash costs’ as the number one challenge for the oil and gas industry right now.

I’m currently in Houston for the Offshore Technology Conference (OTC) and the survey certainly echoes what’s being discussed on the exhibition floor. Many of the associated conferences and networking events are also focusing on the topic of collaboration, particularly between operators, as now critical not only to reduce operational cost, but to achieve more from less.

At Peterson we remain committed to supporting a real collaborative approach. We are taking decades of experience from the sharing concept of our Southern North Sea (SNS) pool in Den Helder and looking at how we can take this knowledge back into the market place to build a more efficient, effective and flexible supply chain. We also play the key role within the Aberdeen Marine Logistics Alliance (AMLA), which initiates and manages vessel sharing arrangements between its operative members.

But sharing vessels and deck space is just a start. Flexibility should be an integral part to any company’s operations – through the good and challenging times.

Innovation is essential for companies to work smarter.

It was interesting to see that there’s positivity around the potential of widening the global market with a clear majority of UK respondents (64%) seeking international opportunities. A major objective in our attendance at OTC this week is to embrace the opportunity to develop our international business, extend our global reach and work with clients world-wide to create and deliver real models for collaboration and through the use of intelligent systems create the supply chain of the future.”

Jim McSporran is the regional director for Peterson.