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National Oil Companies Must Look Towards New Operating Model For A Decarbonized Future

National Oil Companies Must Look Towards New Operating Model For A Decarbonized Future

Dubai, July4, 2022: National Oil Companies (NOCs) need to rethink their operating model and clearly link it with their strategic objectives to deliver the expected future production, cost, and greenhouse gas reduction impacts. The new BCG report entitled ‘The Future Operating Model for National Oil Companies”, observed a clear value of implementing lean operating models, as they can deliver 30-40% efficiency gains across the whole O&G upstream value chain. This includes levers such as applying deeper resolution reservoir models and linking them with production optimization that can result in a 4-6% increase in well production and 80% shorter cycle time in early design and evaluation.

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