A word from the chairman
For the suppliers in the oil and gas industry it is clearly felt that our industry has ended up in another fairway. Changing market conditions due to the low oil price are experienced in different ways because of the wide variety of companies within the IRO membership.
This ranges from the larger companies, which depend on large projects by oil and gas companies, to companies that are involved in the daily operation of oil and gas. For some order books are drying up quickly, for others there are additional opportunities and there is growth. Nobody can or dares to give a forecast for the moment when there will be a reasonable stable oil price of around 80 USD per barrel. The influences on the price are numerous, from shrinking inventories to geopolitical uncertainty and technological developments in our key market areas.
The big question is how we, as Dutch oil and gas cluster, can come out stronger from the crisis. The possible responses for our industry are located in several strategic actions. A continued consolidation across different segments is one of them and will be important to improve market positions and to capture sales and cost synergies. Cooperation between parties to develop a more integrated range of services, better integration of equipment and services and development of standardized solutions are actions that will also create more opportunities. Finally, areas of growth and continued investments in new technologies need to be identified in order to capture a new growth cycle.
IRO’s role in this situation is to bring parties together and support export opportunities wherever possible. The Netherlands stays a country with a very strong export position and this surely counts for the Dutch supplier’s industry. This is partly also because many companies in the (offshore) oil and gas are internationally oriented. The Dutch offshore industry is prominent in the field of design and exploration and is known for its innovative character, high efficiency and professionalism. Where many major oil and gas companies reduce their conventional production, for example in the North Sea, there are opportunities for smaller companies. They are able to maintain oil and gas production longer at a high level and (cost) efficiently by means of alternative production methods. With innovative solutions and cooperation they are able to reduce operational costs.
Despite all developments in the industry, IRO is a stable and healthy association where the number of members is still growing. This shows that even in these uncertain times networking, collaboration and being seen is important.
We are proud to present to you the Netherlands Oil & Gas Catalogue 2016, which gives a clear overview of the activities, products and services of Dutch suppliers and is an important tool to promote the Dutch oil and gas supply industry. It has been compiled with great care and can also be found online at www.iro-noc.nl.
Our members look forward to working with you and we are sure this catalogue will help you to do business successfully!I am proud to present to you the Netherlands Oil & Gas Catalogue 2015, which gives a clear overview of the activities, products and services of Dutch suppliers and is an important tool to promote the Dutch oil and gas supply industry. It has been compiled with great care and can also be found online at www.iro-noc.nl.
Pieter van Oord
IRO - The Association of Dutch Suppliers in the Oil and Gas Industry.