Value through Innovation, CEPEX

Cost Reduction

In the “Lower for Longer” environment for commodity prices, it is essential for companies to innovate and find ways to reduce costs. This requires Vision, Leadership and good Advice.

Optimizing processes and workflows to maximize gains through industry best practices and innovative solutions.

Learn more about ways to reduce costs through

- Standardization

- Modularization

- Value Maximization workshops

The lower-for-longer oil price situation is putting pressure on margins and free cash flow; thus, forcing owner/operating companies to be more serious about reducing cost of capital projects (new capital and sustaining capital) by significant percentages. Achieving significant cost reduction in capex requires earnest re-thinking of strategy for developing and executing projects. Working together with your project development and execution teams, we will help you in streamlining your work processes, and realize savings by:

  • Reviewing Front-End-Planning of the project

  • Understanding which development concept (e.g. design replicating of future phases; standardization; technology selection; and others) has the potential to maximize cost reduction

  • Reviewing procurement strategy to identify opportunities for cost reduction

  • Providing actionable recommendations for cost reduction and cost avoidance

  • Formulate & Implement Balanced Scorecard system to drive Strategy Implementation & Cost Reduction throughout the business unit/organization