Partner and Associate Director
Martha Vasquez is a core member of the Energy practice at Boston Consulting Group, specializing in upstream oil and gas, and oil and gas assets decarbonization and decommissioning.
Martha’s consulting experience for clients worldwide includes strategy, diagnostics and benchmarks, cost reduction, cost models, commercial due diligence, and digital dashboards. She has worked on projects covering upstream oil and gas exploration, development, production operations, decarbonization, and decommissioning.
Before joining the firm, Martha worked at McKinsey & Company and Schlumberger, where her focus was on production optimization, well intervention, field operations, and field development planning.
The upcycle in oil and gas prices creates an opportunity for companies to invest in both sustainability and competitive positioning. Delivering on decommissioning commitments is core to this.
Companies that act now to reduce the environmental footprint of their drilling operations can differentiate themselves from competitors and boost their valuation multiples.
Digital tools enabled by advanced analytics, artificial intelligence, and machine learning can help companies uncover the fastest and most effective path to abating the O&G industry’s greenhouse gas emissions.
The drilling industry remains challenged, despite recent improvements in commodity prices. Drastic operating model and performance improvement remain imperative for drilling contractors.
Six months ago, BCG highlighted the risk of so-called “boomerang” liabilities for oil and gas decommissioning. Since then, more than $1.5 billion of liabilities have flowed back to equity partners or former asset owners. It’s a growing issue and one to which both operators and regulators may need to pay increasing attention.
If low oil prices persist, deferred decommissioning spend and accelerated shutdowns could create a new wave of "idle iron"—resulting in increased costs, risks, and external scrutiny.
Current market conditions will make it challenging for some companies to stay afloat. Five actions can help oil and gas operators navigate multiple scenarios.