As this article shows operational production costs in the oil and gas industry worldwide have come down in recent years. Among offshore regions the UK has assisted with cost cutting methods which are helping businesses save money. With oil prices showing their characteristic volatility every chance to reduce costs is welcome.
Changing rotation cycles, closing older fields and reducing salary and manpower costs have helped in savings. Better strategic planning and more efficient maintenance has allowed companies to reduce wastage. Through these cost cutting methods various countries in Africa have benefited from improved oil production which hopefully will continue on into 2020 and the new decade.
