It’s hard to imagine an industry with greater complexity – or greater demands – than the oil, gas and chemical industry. As dwindling reserves force companies to operate in remote and even possible hostile environments, the high cost and difficulty of extracting energy is steadily increasing. As a result, it has been observed that the oil, gas & chemical industry is going through massive disruption and, as we continue to be extremely dependent of these organic sources of energy, we must look at the emerging new macro and micro trends affecting this global industry.
The Oil and Gas industry investments in the energy renaissance will continue to shift. As a result, new innovative trends will flow from the upstream sector to midstream infrastructure, refinery operations, and petrochemical facilities. The Upstream operators in the oil and gas industry will focus on harvesting value from recent discoveries and acquisitions through more efficient operations, looking at measuring the risks the industry is facing and the application of new technologies and innovations.
The challenges for this industry come at the same time with some fantastic opportunities emerging for the sector. The major challenges are: price volatility, cost pressures, shortage of qualified engineers and project managers, regulatory challenges and adaptation to globalization. Exploration and production in this environment demand specialized project management and technical expertise.
With this learning, every company understands nowadays, that R&D and Innovation is a key to growth and prosperity. This position creates severe competition between market-players with sufficient resources for R&D. And subsequently, we have also developed our skills and expertise in this sector while working as a trusted partner for some of the well-known oil and gas companies which include EPC contractors, rig operators, shipyards, process package manufacturers and OEMs in their product and process engineering solutions to upstream and downstream oil and gas industries, both in greenfield and brownfield projects.
We have a dedicated talented team of engineers having expertise in detail engineering solutions for the drilling, production, storage, transportation, and refinement segments. Our multidisciplinary expertise stretches across naval architecture, process, piping, civil and structural, fixed and floating systems, MODUs, production platforms, refineries and petrochemical plants mechanical, HVAC, electrical, instrumentation, control systems etc. Our designs strictly comply with global oil and gas regulatory standards and our first-time-right solutions are tailored for ease of fabrication taking into account various yard constraints.
Our proposition revolves around the flexible design solutions – at optimum cost with quick turnaround time – to help our clients meet their business objectives consistently and cost-effectively. We take complete project ownership, from feasibility studies and detail design to procurement, construction and commissioning support, asset integrity management and aftermarket services.