Energy Oil & Gas Magazine EOG 214 | Page 26

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Delivering

SUCCESS

ERP : The industry tech you never knew you needed
By Richard Evans

In the face of highly-volatile prices , rising global demand and a growing regulatory burden , oil and gas operators today need to confront the complex challenges of cutting costs ; optimizing asset performance and reducing their environmental footprint .

Across the world , oil and gas infrastructure is aging fast . Platforms are increasingly at-risk of operational failures and prey to natural disasters . That ’ s a big issue for operators having to meet evergrowing market demands - but there could also be significant risks around safety and sustainability from plant malfunctions or oil leaks for instance .
Many operators see an urgent need for informed , timely intelligence on whether to decommission or modernize their facilities – and how they optimize the performance of the plants they decide to retain ; while also enhancing the motivation and performance of employees .
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