In 2016 and 2017, the words ‘Happy New Year’ had a hollow ring to them for many of us in the oil and gas industry. There’s no need to elaborate as some are still feeling the effects, despite rising optimism.
Optimism doesn’t pay the bills, or get people back to work, but the evidence of recovery is out there for all to see. Oil prices have been stable for quite some time now, at a level where a lot of projects can be profitable.
The recent crash has resulted in the lowest rate of discovery and exploration investment since the 1940’s. With global demand marching on, and renewables struggling to make a dent in the energy mix, a price and activity upturn seems inevitable.
At Relentless Pursuit of Perfection Ltd. we’re fortunate to have a business model that makes sense in good and bad markets. When prices are high, profits still need to be maximised by efficiency gains. When prices are low, cutting costs is a matter of survival.
Following a few worrying moments in past years, 2017 has seen rp² having it’s second-best year ever!
We had a bumper year with 32 Workshops in 14 countries:
- HAZOPs (MPD x PMCD)
- ‘Performance in the Well Delivery Process’
- ‘Target Setting’
- Well-Specific Risk Assessment
- Operational Leadership
Clients included: BP, Cairn Energy, Denovo, DNO, Hexindo, Kangean, Medco, MOL, OMV-Petrom, Oranje-Nassau Energie, Providence Resources, Repsol, Sasol, Total, Wintershall, Woodside.
This is first hand evidence that the industry is recovering, and that projects are underway. More projects mean more jobs, and healthier balance sheets for all of the SMEs throughout the value chain.
We’ve also been proud of the ways that we’re contributing, and giving back to the industry with our cloud-based projects.
Our FREE technical drilling forum (http://my-spread.com) is going from strength to strength, with 2401 active participants at the time of writing. It’s 17 years old and probably the best moderated, free resource out there. We have a students section to encourage and help those who will follow in our footsteps.
Our acquisition in https://drillers.com is starting to bear fruit, as it’s becoming more established as a source of reference and information. The jobs section will pick up when the industry does, and we’ve started building training-promotion services. We’re currently working on the creation of a dream team of partners that will offer cost effective solutions to the upstream O+G industry for adhoc and long-term ‘technical services’, ultimately leading to virtual Project Management teams.
The team at rp² wish you all a healthy, happy and fulfilling New Year; this year we think that’s very achievable!
You’re going to see a lot more of us in 2018, as we continue to pursue perfection.