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A road map for oil and gas in S-E Asia

The 5 C’s of holistic reinvention can help the industry identify new opportunities for growth and innovation

    • South-east Asia’s energy security has been severely threatened by a perfect storm, ranging from the pandemic to supply chain disruptions and geopolitical tensions.
    • South-east Asia’s energy security has been severely threatened by a perfect storm, ranging from the pandemic to supply chain disruptions and geopolitical tensions. PHOTO: BT FILE
    Published Tue, Jun 27, 2023 · 05:50 AM

    THE oil and gas industry has long been a crucial economic pillar in the economies of South-east Asia, providing energy and fuelling growth. But as we move towards a low-carbon future, the industry faces a pressing challenge: to reinvent itself or risk becoming obsolete.

    Oil and gas companies in the region can and must transform themselves through holistic reinvention to navigate this new reality. This means rethinking every aspect of their business, from strategy and operations to culture and customer engagement.

    This is where the 5 C’s of holistic reinvention – competitiveness, carbon, connectivity, customer, and culture – can help companies identify new opportunities for growth and innovation. With this framework, they can then develop strategies tailored to the unique challenges and opportunities facing the industry in the region.

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