There is a rebound of oil and gas (O&G) activity as demand begins to pick up as the economy improves, and oil prices well over US$75 per barrel drives growth and expansion in all but the smallest players.
At the same time, there is a surge in new exploration success with Africa and South America leading the way. Growth from these new basins is shifting the historical operational base in the US, UK and Norway, as national and international oil companies NOCs/IOCs require an increase in technically proficient and sophisticated suppliers in these new areas.
In this scenario, it is possible to expect that the next few years will define winners and losers, and hence alter the competitive landscape of the O&G industry.
Highlights
Rise of the NOCs - POV and Factbase
The last 20 years have seen a significant increase in global consumption of hydrocarbons, largely driven by the developing world.
Shifting demand and associated geopolitics has been accompanied by a changing balance in the control of four major strategic levers within the oil and gas industry.
NOCs have increasingly been taking control of all four levers. The result is a new player, the new multinational oil company (NMOC). Read more
O&G Experience
Bain has undertaken more than 800 projects in the O&G industry around the world. Our experience extends across the entire value chain and builds on insights developed by our global partner teams throughout our O&G practice. This global experience combined with motivated client management teams has developed proprietary insights that unlock significant value for our clients.
In Brazil we have developed projects for key players within the industry including: IOCs, NOCs, government entities, service providers and investors. Read more
Client results
1. Problem: Important petrochemical project needed to be re-evaluated.
2. Approach: Brainstorm and calculate optimization ideas
3. Recommendation: Reconfigure entire complex from implementation date to product portfolio
4. Results: Significant increase in project NPV
Read more
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