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The biggest challenge is how to adapt to the current price environment in a way that does not destroy long- Voices term value. It is likewise as much about understanding the new industry dynamics; to

Outlook. Given the current drop in oil prices, OE asked: understand and commit to the business opportunities evolving despite a low oil price –instead of only seeing problems.

What is the biggest challenge facing the

Jarand Rystad, CEO global offshore oil and gas industry in 2015?

Rystad Energy

The current low oil

The considerable

From a supply chain prices mean that drop in the price of perspective, it will be the when it comes to oil and gas will have ability to identify which determining the a substantial impact ? eld developments are to probability of suc- on the global econ- proceed into the contract- cess of reservoirs, omy in 2015, which ing phases during 2015 there’s little or no margin for error. Dry will result in pricing pressures to those against the backdrop of low oil prices. This wells and expensive investments with companies servicing the industry. will be crucial in knowing where to expend limited commercial value must be

There will be a signi? cant challenge resources. O