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Upstream Operations

Today’s upstream oil and gas companies need to transform so they are ready for the challenges ahead. BCG’s upstream consulting team ensures sustainable growth for clients in the face of an increasingly complex industry.

From volatile oil prices to mounting environmental and regulatory pressures, today’s oil and gas companies are grappling with a wide range of complex issues. BCG’s upstream oil and gas consulting team leverages a wealth of hands-on industry experience—along with expert knowledge of upstream data science and macro energy trends—to bring value to our clients.

Our Approach to Upstream Operations

At BCG, we use our breadth of expertise and scale to deliver lasting change for upstream oil and gas clients around the world. These include integrated oil and gas companies, independents, and oilfield services and equipment suppliers.

We work with companies to create value in five priority areas:



Digital and AI

Cost Optimization

Operating Model

Our Clients’ Success in Upstream Operations

We take a flexible and collaborative approach that allows us to meet companies’ specific needs. We also apply a business lens to all the work we do and have a proven track record of creating value, with more than 1,500 projects delivered over the past five years for the majors and other international integrated oil and gas companies, independents, and national oil companies.

BCG’s upstream oil and gas consultants provide execution certainty and acceleration of impact by deploying rigorous processes and tools. By working hand in hand with in-house teams, our upstream consultants ensure that their work is always client led.

Here are a few examples of how we have helped clients:


Our Upstream Oil and Gas Solutions and Tools

We offer clients a range of leading-edge proprietary solutions and tools that help them to optimize their exploration and production activities, including hydrocarbon exploration and hydrocarbon production.

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BCG’s Oil Long Term Model allows companies and governments to better understand the demand and supply dynamics driving the global oil market. It enables them to build scenarios to determine potential impacts on their industry or business.

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Ekons Dart

An AI-driven platform, BCG’s Ekon Dart tool continuously optimizes drilling execution by leveraging data and adapting to well conditions in real time—allowing companies to save money and reduce the time taken to first oil.

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Organizational Benchmarking Tool

As they start on the decarbonization journey, companies need to benchmark their planned approach against peer initiatives so that they can learn from others. BCG’s tool enables players to do this by providing that valuable competitive information.

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Unconventional Performance Database

The database provides an outside-in view of unconventional operators and basins—delivering deep insights into performance drivers and project returns. Clients can use it to pinpoint areas of weakness in shale performance, implement self-improvement programs, and identify potential M&A targets.

Explore Our Insights on Upstream Operations

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Harnessing the Power of Data in Oil and Gas

To unlock the full value of existing operations, oil and gas companies must improve collaboration among their business and IT teams and leverage the mountains of data that they have at their disposal.

Meet Some of Our Upstream Oil and Gas Consulting Team

BCG’s upstream consulting team helps clients achieve long-lasting sustainable growth through our deep expertise in upstream oil and gas, upstream operations, and exploration and production. Here are some of our experts on upstream operations in oil and gas.

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