So, confidence is returning, and it’s very likely that the downturn is over. No one can predict the future… (Well, plenty can predict, but the accuracy ratio is similar to a coin toss) …
It’s certainly the case that investment levels have been at historic lows, and global oil demand continues to rise. The reasons for optimism are filtering through from more than a few news articles and reports…
What we’re starting to see is an improvement via the subjective, intangible experiences that we encounter in our everyday interactions. The tone of return emails, the friendlier answers to telephone calls, the spring in the step of many oil workers who feel more secure, more jobs appearing on Linked-in and other social media. Dare I say it… The smile on the leaderships faces?
Confidence is returning, not just in the hotspots that haven’t been so badly affected, but globally. At last, projects are getting taken off the shelf and dusted down. Final Investment Decisions are being made and budgets are growing.
Here at Relentless Pursuit of Perfection Ltd., we have the opportunity to be in constant motion around the world. I’ve been working practically back to back on DWOPs and similar workshops. I can tell you that EVERYONE is way happier than they were even just 6 months ago.
So, if you happen to have been on the same project for a period of time, take it from me – the industry is on the upturn.
All of this is subjective, anecdotal and unscientific – I’ve conducted no official surveys…
The thing is, even during the very best of times, or the very worst, huge exploration and development decisions still have to be made. With the gift of medium-term hindsight, half turn out to be right, and half wrong. Stretch the timescale to long-term and most decisions turn out just fine!
The point here is that these decisions, right or wrong, are based on CONFIDENCE. Confidence in a better future, of stability and good fortune for all those involved. This is what we’re seeing at rp², positive decisions based on confidence that the market is returning to better days. This is why we’re so busy, not because some genius wonder analyst or big data algorithm tells us so…
… But because the people making the big decisions are managing to put the fear behind, and are doing what they do best – securing the future energy supply.
On this note, we’re revitalising our earlier collaboration schemes here at drillers.com.
We’re actively inviting:
1) Companies to collaborate with us.
2) Subject matter experts to partner with us.
3) Highly skilled professionals to join our skills pool.
We’ll be sending out a version of this article to our subscriber list, and anyone interested will be able to just hit ‘reply’ to indicate interest.
You can follow us on LinkedIn, Facebook, Twitter or G+ and send a message, we read and reply to all (sensible) messages.
Send a message through the contact page, through any of our work email address, ….
We hope that you’d like to catch the upturn with us, we think it’s going to be spectacular!