Local O&G Sector Must Look At Cost Structure To Be More Competitive: Shell


I ask you, the little guys are asked to cut cost, the middleman sell fish at the same or inflated price.

Bernama, dateline 2014-04-08:

Malaysia’s oil and gas (O&G) industry must look at the cost structure to be more competitive amid a challenging landscape that involves deepwater exploration and enhanced oil recovery (EOR), said Shell Malaysia Chairman Iain Lo.

“The current cost structure is too high. It’s related to how the industry does things faster, better and cheaper.

“We have to look at ways to get the cost structure down,” he said.

A competitive cost structure would attract more companies in accessing the remaining reserves such as those in marginal fields or EOR, he told reporters after his presentation at a panel session titled “Malaysia as an Upstream Investment Destination” here today.

The session was held in conjunction with the four-day Offshore Technology Conference Asia 2014, which ended today.

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