In today's increasingly commoditized and globalized business environment, companies in all industries are finding it necessary to increase their competitive advantage. Indeed, companies in the oil and gas industry are looking to increase their bottom line by boosting their operating efficiency and reducing fixed cost. Achieving this, however, is challenging, especially within the context of the increasing complexity of remote and extreme operational environments. One strategy oil and gas companies are employing is the full integration of all assets and processes into a single management system. In doing so, oil and gas companies have great potential to increase their operational efficiency and realize significant reductions in fixed cost.
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