Operations and Maintenance Outsourcing in the Asian Oil and Gas Market

Abstract

With the global oil prices fluctuating, and mostly going down by the day, oil firms have increasingly adopted various cost-saving opportunities. One of the areas that major oil producing regions are focusing on is Operations and Maintenance (O&M) outsourcing, even for their critical facilities. However, the oil firms in the Asian region are still reluctant to explore this opportunity, as there are apprehensions owing to service providers’ capabilities and actual scope for cost reduction. This white paper analyzes the ways in which O&M outsourcing opportunity can be leveraged by oil and gas firms to cut down costs and reduce risks in such engagements.