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Luis Uriza: The Acute Need for Cost Reduction in a Low-Price Environment

Oil and gas companies must always manage ballooning costs, but low oil prices makes this effort all the more urgent.

Video

Luis Uriza: The Acute Need for Cost Reduction in a Low-Price Environment
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Oil and gas companies operate in a complex, unpredictable industry that will always attract cost increases, requiring them to consistently pay attention to cost discipline. The current price reality, however, makes cost management a top priority for these organizations. Regional Oil & Gas Practice Leader Luis Uriza warns executives against making quick, easy cuts and instead suggests they take a more holistic view of the company and its longer-term objectives. 

Read the related Bain Brief: Steering through the oil storm

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