تحت رعاية صاحب السمو الشيخ خليفة بن زايد آل نهيان رئيس دولة الإمارات العربية المتحدة

Under the Patronage of H.H. Sheikh Khalifa Bin Zayed Al Nahyan, President of The United Arab Emirates

Supported by

Building future business resilience

ADIPEC in association with Boston Consulting Group presents:

Building future business resilience through technology, innovation and partnerships

Watch the on demand webinar

WEBINAR OVERVIEW

Short and long-term changes to the industry are challenging its profitability and its ability to create sustained value for investors and governments.

Existing plans are being severely tested, and the identification of more efficient approaches and solutions is vital to building future business resilience. What can companies do to remain resilient while prices are under pressure? Which other factors will the industry need to incorporate into future plans? What and how can new technologies be used to support energy transition? What are the partnerships of the future?

MARKET INSIGHTS PARTNER

KEY TAKEAWAYS

  1. The current crisis is significantly more severe than 2014. Supplier prices have yet not recovered and many vendors conditions are much weaker compared to 2014’s oil and gas market
  2. The oil and gas operators’ response is similar to the one in 2014. There are certainly activity cuts and price cuts requests affecting business strategies
  3. There is a risk of more than half of suppliers facing bankruptcy, due to uncertainity around oil prices remaining at $30bbl until the end of 2020 and operators’ demands of supply chain price reductions
  4. In the short-term, oil and gas operators need to have forward-looking transparency into vendor financial health to mitigate supplier distress
  5. In the medium-term, operators and suppliers need to consider new technologies and strategic partnerships to unlock 20-50% lower cost requests to survive in a $30/bbl oil environment. Technology and innovation support business resilience

KEY POLL RESULTS FROM THE ADIPEC BCG WEBINAR

During the webinar, attendees took part in various interactive industry polls – providing insights on 3 key perspectives relating to Building Future Business Resilience Through Technology, Innovation and Partnerships

1. How well equipped is your procurement and supply chain organisation?

of the live webinar attendees thought they are somewhat equipped but could be better. They look at historical data to identify distress

answered well equipped. They have forward-looking visibility of risks for immediate suppliers

said they are not really well equipped. They react to supplier distress when it happens

thought they are really well equipped. They have an understanding of risks for suppliers and vendors 

2. What do you see as the biggest challenge to technology and digital transformation?

Change management

Capability gaps in the organisation

Leadership

Data management

Use cases that don’t address business issues

Availability of suitable technologies

Inability to replicate company-wide

Other

3. What is the most important factor when creating a successful business resilience strategy?

of the attending energy professionals said that re-designing business continuity plans which identify long-term challenges to be the most important factor

responded redefining strategic partnerships 
with partners and suppliers

thought that the most important factor is investing in new technologies and digital tools

said rebalancing capital spend in
2020 and 2021

answered focusing on security of supply is an important factor

WEBINAR AGENDA AND PANELISTS

The webinar will facilitate discussions focused on how businesses will need to refocus and prepare new strategies to achieve further operational success in the short, mid, and long-term.

Ahead of the webinar, we encourage you to take part in the energy supply and demand industry poll.

Take Part in the supply and demand Industry Poll

  • What is needed to build business resilience?

    Alex Dolya

    Managing Director & Partner,
    Boston Consulting Group

  • How can technology and innovation support business resilience?

    Sylvain Santamarta

    Managing Director & Senior Partner,
    Boston Consulting Group

  • How can technology, innovation and partnerships support business resilience and help companies prepare for the future?

    Christophe Sassolas

    President Total E&P United Arab Emirates
    and Total Country Chair in the United Arab Emirates

  • Webinar Host

    EITHNE TREANOR

    Managing Director
    E Treanor Media

Webinar Host

EITHNE TREANOR

Managing Director
E Treanor Media

Key questions our expert panellists will be answering: 

  • Is there a scenario where a sustained production war combined with unprecedented global demand impact changes the oil market forever?
  • Do Saudi Arabia and Russia have any choice but to step back, given the escalation of COVID-19’s demand impact?
  • What does the future of the US shale patch look like in various supply and demand scenarios?
  • How do other production centres cope in the new price environment?
  • Is cheap feedstock enough to protect refined products and petrochemicals markets from the demand shock?

Ahead of the webinar, we encourage you to take part in the energy supply and demand industry poll

Take Part in Industry Poll