In the near- and mid-term, oil and gas companies must take decisive steps in order to ensure the financial health of the organization and their stakeholders. Therefore, the primary emphasis for oil and gas companies should be optimizing production, lowering general and administrative (G&A) overhead costs and finding sustainable cost savings such as taking out layers of management or closing regional offices that match the current realities of the industry.
While most oil and gas companies have taken initial steps to address G&A, outsourcing can help you identify and realize opportunities to materially reduce cost and enhance efficiencies through the back-office, procurement and infrastructure.
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