Bill Krivak, Client Engagement Executive
Allen McCoy, VP/Managing Director of Sales
It’s always good to be optimistic that the price of oil will take a turn for the better, and that only minimal changes to your IT spending habits are needed.
What happens when those assumptions are not correct and significant cuts are required?
A survey completed by CIO’s at twenty non-OPEC O&G companies found that these IT companies had cut IT spending by less than 10% and cuts were more selective rather than across the board.
The survey – mostly U.S. based upstream, midstream and downstream companies with revenues of at least $500 million and at least a third with over $1 billion in revenue found that.