One year after OQ was formed, upstream CEO Adil Toubia discusses how its integration was right on time to help it cope with the pandemic, the company’s plans for growth and how digital technology is enhancing its operations. Here is an excerpt from the interview for Oil & Gas Magazine.
The theme of the oil and gas industry is change—major movements to become smarter, more efficient and to boost growth. One recent example is Oman’s OQ, formed in 2019 through the integration of nine companies. “Integration has created opportunities for synergies between OQ’s upstream, downstream and commercial verticals, in which the organisation has achieved quick wins of almost $500 million,” says Adil Toubia, upstream CEO at OQ. “Project delivery and execution have now been centralised via a projects function, ensuring cost optimisation, engineering and executional excellence and improved performance”.