The oil and gas industry has had some extreme ups and downs in the past few years, with prices rising before hitting 6-year lows. The reasons behind the drop in prices are broad and complex, covering the global political climate, international tensions and the increasing cost of recovering the remaining oil and gas stores. Whatever the reasons, the drop in prices and the increasing complexity involved in recovering oil and gas, mean the industry is increasingly focusing on how it can increase efficiency to maximise margins and prevent uncertainty.
Lean Six Sigma, and other variations of process improvement, have been a staple of many of the big players in oil and gas for some time, but now the theories and benefits are gaining traction across the board. In this infographic we explore the facts impacting the oil and gas industry, and why it is particularly well placed to take advantage of the benefits of robust process improvement through Lean Six Sigma.
If you’re interested in finding out more about the benefits of Lean Six Sigma for your organisation, we explain everything here. Or, if you fancy checking out more of our infographics, why not take a look at our pinterest page?