SERVICE
Upstream operations
Transforming how oil and gas companies operate to enhance exploration and production, and drive profitability and growth at scale.
Scale first and fast
Despite riding waves of disruption, the oil and gas exploration and production industry has not delivered the returns that that equity markets demand. With fluctuating prices and differing pressures across the world, three actions should be considered to deliver on the promise of a healthy future for upstream businesses:
- Reinvent the business model: Digital is playing a role in the transformation of how a company operates, but oil and gas companies must rethink their operating models to fully capture the benefits digital can bring.
- Reshape the fabric of industry: Following slow growth in the last couple of years, higher oil prices have triggered an explosion in upstream merger and acquisition activity that is fueling the expectation for increased returns.
- Reduce the value chain’s carbon footprint: To remain relevant, companies need to seek out resources with the lowest possible carbon footprint and cut down carbon emissions during the exploration and production process for upstream operations.
Speed and agility are essential to delivering on the digital agenda, but although experimentation is positive, the need to scale first and fast remains a challenge for most oil and gas companies.
Capabilities
Here’s how we help exploration and production companies thrive in a digital era.
Cashflow cost prediction
Connect operations and finance more effectively to make adjustments sooner, not months later.
Process optimization
Integrate processes, systems and data enabling visibility across silos and optimal decision making.
Operational excellence
Improve processes and enhance sustainability via cost optimization and digital process management.
Digital supply chain
Use intelligent technology to create real-time end-to-end visibility and secure collaboration.
Data-driven decision making
Make better decisions in increasingly more complex plays based on data insights.
Future upstream workforce
Manage contingent labor risk directly and be more agile in deploying a flexible, liquid workforce.
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What we think
Oil and gas E&P companies face disruption and pressure from many directions. See how they can get on the path to profitability.
Accenture has identified key actions oil and gas companies need to take to manage the impact from the Biden Administration Energy Policies.
Analytics and AI will disrupt the oil and gas upstream industry — the only questions are when, by whom and how much?
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