Oil & Gas operations
Reliable and cost-efficient operations

OPEX savings created by shared incentives in Oil & Gas operations 

Shared incentives between OEM’s and Oil & Gas asset owners will create OPEX savings and opportunities for introducing efficiency. A shared risk and award model will be fueling common efforts to generate improved competitiveness (OPEX savings) for Oil & Gas asset owners.

By focusing on outcomes instead of activities the value of the joint achievement becomes clear. Ensuring safe and reliable operation is the starting point in the work of optimizing equipment performance and conducting maintenance at the right time. In addition, as the payments are linked to the result achieved the financial outcome is also tangible.
BWP - Environmental compliance - Oil and Gas industry
Business white paper: Shared incentives create OPEX savings in oil & gas

Business white paper: Environmental compliance in the Oil & Gas industry

Business white paper: Shared incentives create OPEX savings in oil & gas

The oil & gas industry has, like many other industries, two sides to the environmental challenge - the environmental footprint as perceived by the general public, and compliance with regulations. Although building a more sustainable image is crucial, the outcome of the efforts are seldom easy to show. Regulations and taxation on the other hand, function as strong drivers for companies to reduce their emissions, as these directly effect the result. This means that innovative and forward-thinking industry players will be rewarded, if they accomplish to reduce the environmental footprint.

The oil & gas industry has gone through a major transformation after the oil price crashed in 2014. Even though the oil price is now on the way up, the downturn has left some permanent marks on the industry. Significant work has gone into reducing the lifting cost per barrel from the oil company side. This has been done by reducing costs, but also by applying new ways of working and new solutions. Cost reductions have also been evident to drilling contractors (as well as other contractors), as they have seen their top line come down by 50% and experienced lower activity level in general. 

Live talk

#WartsilaLiveTalk: A profitable way to lower the environmental footprint in O&G 
Growing awareness towards environmental challenges is rising globally – but how does this affect the Oil & Gas industry? Learn more about the opportunities and challenges that industry stakeholders are facing today and in the future.

Hanna Viita_bw

Hanna Viita

Marketing Director, Wärtsilä Services

Hanna is heading Wärtsilä Services business global marketing and communications, focusing on customer value creation, and developing practices to respond to changing customer behaviours. Recent work has included introduction of Wärtsilä vision and messages on energy intelligence and clean environment. Hanna has 20 years experience within marketing, including brands such as Apple and Nokia.

Søren Segel

Senior Development Manager, O&G Environmental, Wärtsilä

As part of Wärtsilä O&G Services, Søren focuses on solutions for energy and environmental management in the offshore Oil & Gas industry. He strives to deliver operational costs savings to customers while reducing their environmental footprints.

Varun Ramdas

Head of HSSE Asia Pacific, Maersk Drilling

As the Head of HSSE, Asia Pacific at Maersk Drilling, Varun leads a team of energy efficiency and environmental specialists. Varun has a background in leading maritime businesses in energy savings and green technologies – and he believes in creating shared value within businesses while reducing their environmental impact.

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