Oil & Gas Industry overview

The Oil & Gas industry has witnessed dramatic changes with consolidation ushering in competition from newer players. The fallout of this is a major restructuring process, where the Oil & Gas industry takes on new urgency for outsourcing. Market dynamics demand nothing less than the best, and more and more enterprises are waking up to the fact that they need to revamp their processes and practices to increase shareholder value. The Oil & Gas industry is no different - it has witnessed dramatic changes, with increased consolidation through mergers and acquisitions, increased competition and intense pricing pressure in the downstream business, and at the same time adopted newer technologies in the upstream and midstream businesses.

Industry Challenges

Some of the key challenges currently encountered by the oil and gas industry are:

• Streamlining and integrating business processes across functional and geographic boundaries
• Managing volatility of supply and demand elements in a complex value chain
• Complying with stringent regulatory standards
• Exceeding market expectations on operational integrity

In its pursuit for sustainable growth, the industry now juggles with asset leadership, trading superiority, customer focus, and enterprise risk management. Today, value creation from technology extends beyond enablement of businesses processes; it’s expected to deliver competitive edge through creative and transformational solutions. The challenges are to identify newer reserves, enhance recovery from existing fields, improve operational margins through an agile and event responsive supply chain, acquire and retain most profitable market segments, and manage exposures through innovative techniques.

Service Offerings

Satyam's Oil & Gas Practice leverages Information Technology for the customer's advantage by helping enterprises achieve higher customer satisfaction levels, in terms of service, while improving operational efficiency.

In this area, Satyam's capabilities have been built over the past 20 years across several domains and technologies, to deliver integrated end-to-end solutions for the Oil & Gas Industry.

For more information contact: rfi@satyam.com

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