In the oil and gas industry, the most significant strategy is to produce at the lowest possible cost and get the highest profits. In order to be competitive, a working site must develop the best products at the opportune times which ultimately needs a high level of professional asset management plan and asset availability.
It is a fact that assets values are linked to commodity prices and it is not certain when oil and gas companies should focus on purchasing assets, selling them or opting for a wait-and-see approach.
2. The unavailability of large project opportunities
Newly discovered resources tend to be small in size and more geologically sophisticated to be developed. Besides, it is hard to because of geopolitical tension and nationalization of these resources by most national oil companies.
3. The development of unconventional and mature assets
Sophisticated operations need strategic decisions to be made during the process o execution and operation stages of the projects such as the management of large drilling companies, learning and cost reduction.