/value-driven-innovations-will-stand-out-amid-focus-on-fiscal-caution-efficiency-improvement-71525 Get the latest oil drilling news with Èý•NÌåÓý Sun, 02 Feb 2025 06:50:24 +0000 hourly 1 https://wordpress.org/?v=6.1.1 /value-driven-innovations-will-stand-out-amid-focus-on-fiscal-caution-efficiency-improvement-71525#comment-722682 Sun, 02 Feb 2025 06:50:24 +0000 /?p=71525#comment-722682 Well said—I couldn’t agree more. I’m also a strong advocate of value-focused decision-making. The gap between customers and service providers often lies in how value is perceived and measured. A business is generally willing to pay more if it leads to a higher ROI, but outdated and poorly designed KPIs can obstruct value creation. After all, what’s the point of drilling the fastest well if it fails to meet production targets? When companies engage in this conversation, it’s a strong indicator of their maturity—because it requires input from experienced professionals across different disciplines (service and operators). to capture value. How many O&G companies have this level of flexibility, with engineers able to understand the impact of their work across multiple disciplines? My guess is not many, so what about a system that can integrate all the multidisciplinary aspects of value creation?

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