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Offshore Management Services Can Help Transform The Oil Industry

Offshore management services can be responsible for dramatic and positive change in the oil industry. With prices continuing to be low – and with there being no sign of that changing – many producers are tightening their belts and being cautious in their spending. However, this is not the only option. Read on to find out more.

Given the current climate, it's understandable as to why many producers are opting out of contracts with rig suppliers early or not renewing contracts with historic partners. But it should be noted that the oil business is cyclical. Old rigs aren't just being retired and never being replaced; new rigs are being introduced with emerging technologies. The key is to manage assets by removing what is unessential and superfluous, and to properly maintain the assets that offer the best commercialisation potentials through effective management. Traditionally, producers have not had to worry about controlling expenditures so rigidly, but this changing world requires new approaches. Modern rigs not only take advantage of new technologies, but are also built with current data in mind. Older equipment and rigs were not built with consideration of such advancements. However, by utilising data, assets can be better managed (avoiding costly and unexpected downtime) and this enables better facilitation of efficiency amongst your workforce. However, many producers do not have such skillsets and expertise within their own staff. That's why you may want to consider offshore services from an offshore asset management firm who take into consideration these emerging technologies and can also help suggest improvements to the efficiency of your company's operations.

One such offshore management services company is Attollo Offshore Ltd. At Attollo Offshore Ltd, we specialise in delivering technical know-how when helping to manage your assets. To learn more about what we can offer, please visit http://www.attollo-offshore.com/, email info@attollo-offshore.com or call our offices in Aberdeen on +44 1224 959810.