PE Live: The OFSE sector: navigating the price decline
The OFSE sector is under severe pressure globally - given sharply lower oil prices, c.30pc capex cuts across the industry and continuously declining rig counts - and the challenges are particularly acute in the US shale oil sector. How should participants respond and how will the industry evolve?
The expert panel presented:
• The challenges the OFSE sector faces and the potential solutions
• The role of technology, including digital transformation
• The lessons that can be learned from the post-2014 era
• How decarbonisation of production will be impacted
• What the industry will look like when the crisis is over