In April 2016, ADI’s CEO, Uday Turaga, spoke at the Oil & Gas Supply Chain Forum in Houston. He discussed evolving supply chains for operator pain points. The two-day event featured 20 experts. They covered supply chain issues, technology gaps, and operator needs.
The oil and gas production facilities market dropped 20-30% in 2015. Further declines are expected due to commodity prices. Operators are now seeking new procurement models. This includes leasing and bulk sourcing. Their goal is to meet schedule and cost objectives.
Regulatory pressures are also driving interest. Companies want new technologies. These aim to reduce natural gas flaring. They also seek to increase natural gas consumption at well sites. Despite market contraction, unmet needs exist. These provide opportunities for new or existing companies.
A downloadable PDF is available for ADI Plus Enhanced and Enterprise subscribers.
