Digital Energy Journal- Energy Navigator releases industry guide for surviving a downturn

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Energy Navigator releases industry guide for surviving a downturn

Friday, March 13, 2015

As energy producers feel the pinch caused by low commodity prices, many are moved to slash spending in order to safeguard operations. While the instinct to cut costs is valid, there are also many often-overlooked opportunities that engineers can employ that may achieve equal or better results. To help companies look for any cash flow opportunities that are being left on the table, Energy Navigator has released a new guide: 17 Ways to Engineer Your Way out of a Downturn While Boosting Production and Cash Flow.

The guide, which is available as a free download on the company's website, provides an engineering focus on different ways companies can increase production and cash flow without increasing capital spending. It is possible that much of the savings companies need to make are already in their operations, provided they know where to look. Written by Randy Freeborn, P. Eng, the Chief Research Engineer for Energy Navigator, the guide shares knowledge acquired over four decades in petroleum engineering.

'Unless you've been through a few of these downturns,' says Mr. Freeborn, 'you might not be aware of all the ways you can find hidden value in your operations and offset low prices. These ideas are not necessarily new or exclusive but, by compiling and sharing them, we hope to arm our clients and our industry with more options to help them succeed. Things are tough, but there's always more than one way to address a challenge.'

The guide is a part of Energy Navigator's commitment to sharing its in-house expertise with the oil and gas industry. Along with the guide, the company has launched a new blog (www.energynavigator.com/blog) intended to share opinions, perspectives and technical research on the subjects of petroleum engineering, reservoir engineering, exploitation, reserves management, business process, and economics analysis.

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