Reducing the total cost of ownership for electrical power distribution assets, while transitioning towards a sustainable future as an oil and gas producer may seem like a push-pull challenge. Despite paybacks in the longer term, sustainability often requires investment which can initially impact profits. With the right approach, the oil and gas sector doesn’t need to trade between keeping costs low and sustainability – and can instead, achieve both in tandem.
One such approach is circularity.
A circular economy tackles industrial throwaway culture using the principles of designing out waste and pollution, keeping products and materials in use for as long as possible, and reducing resource dependency. This approach is particularly useful in extending the life of power distribution assets, which when maintained, upgraded and eventually decommissioned effectively, can deliver significant cost and environmental savings.
This guide will help you to understand and implement circularity into your organization.
