Cost-Reduction Initiatives for High Performance in Oilfield Services

 A drop in consumer and industrial demand has led to a decline in exploration and production activity and expected lower growth rates from emerging economies. In this global economic environment, controlling costs will remain a challenge for upstream players, especially in the short term.

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Accenture’s oilfield services offering is a suite of components that can deliver substantial savings to our clients including:

• Outsourcing support services, namely:
  
  
  • Supply chain management
  • Finance and accounting
  • Human resources
  • IT strategy and implementation
  • Internal controls and regulatory compliance

• Operational business services, specifically:
  
  
  • Capital project services
  • Emerging markets support services
  • Back-office support
  • Sales force effectiveness