The oil and gas industry is the backbone of many economies in the world, while Dubai is not an exception. Known for its robust infrastructure, strategic location, and ambitious business environment, Dubai is a global hub for the oil and gas sector. Outsourcing has recently emerged as a game changer for companies that opt for an efficient solution, cost reduction, and better concentration of resources and activities.
Consequently, the onshore oil and gas outsourcing market in Dubai was valued at approximately USD 1.2 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2028. This will continue to grow by increasing investments in onshore oil and gas projects and the need for cost efficiency. Also, it has been estimated that by 2028, projected investments in onshore oil and gas projects in Dubai are expected to reach USD 2 billion.
This comes down to the point why onshore oil and gas outsourcing Dubai. This blog explains the advantages of onshore oil and gas outsourcing Dubai, featuring key services that are available and companies’ strong skills.
Dubai is located between the East and West, making it ideal for the oil and gas industry to grow. The Emirates has a world-class infrastructure, a business-friendly environment, and a robust regulatory framework. Here are some of the reasons that Dubai stands out for oil and gas outsourcing.
Dubai’s geographical location allows it easy access to significant oil markets in the Middle East, Asia, and Africa.
Dubai’s significant investments in modern infrastructure, including ports, logistics networks, and telecommunications, directly benefit the oil and gas industry by enabling smoother and more efficient operations.
The government of Dubai has implemented several policies to attract international investment, such as tax incentives, free zones, and streamlined business setup processes.
Dubai has a vast and highly skilled workforce with experience in numerous facets of the oil and gas industry. This talent pool is critical to companies seeking to outsource specialized activities. The onshore oil and gas sector in Dubai employs over 25,000 people, with a significant portion of these jobs being outsourced to specialized service providers.
Dubai leads the way in technical innovation, with an emphasis on integrating cutting-edge technologies into various industries, including oil and gas. This improves operational efficiency and promotes growth.
Well, 60% of onshore oil and gas companies in Dubai are investing in advanced digital technologies such as IoT, AI, and data analytics. These technologies are used to optimize drilling operations, improve safety, and enhance predictive maintenance.
Outsourcing in the oil and gas industry means assigning certain activities or services to third-party providers, allowing businesses to focus on their core capabilities. Here are some major advantages of onshore oil and gas outsourcing in Dubai:
Outsourcing reduces operational costs by eliminating the need for major expenditures in infrastructure and human resources. Companies can take advantage of experienced outsourcing partners at a fraction of the expense.
By outsourcing services, onshore oil and gas outsourcing companies in Dubai can save their cost up to 20-30%. Outsourcing helps reduce overhead costs and allows companies to focus on core activities.
Outsourcing partners provide specialized expertise and experience. They assure high-quality service delivery and help businesses remain competitive in a competitive industry.
Outsourcing enables businesses to scale their operations up or down according to demand. Such flexibility is essential in an industry characterized by changing market circumstances.
Outsourcing non-core tasks helps oil and gas companies focus on their major business functions, such as exploration, production, and strategic planning.
Outsourcing partners have access to cutting-edge technologies and best practices that can greatly improve operational efficiency and productivity.
Outsourcing helps businesses reduce the risks associated with fluctuating markets, regulatory changes, and operational challenges. Experienced outsourcing partners can easily handle these complexities.
Onshore oil and gas outsourcing in Dubai brings a host of benefits. It includes cost assessment, knowledge sharing, operational flexibility, and increased efficiencies. By leveraging the expertise of outsourcing services like The GET Global Group, your company can focus more on its core activities, leading to enhanced productivity and profitability. We, at The GET Global Group, boast as your ultimate dependable partner in supplying all outsourcing needs for the oil and gas sector, where quality, innovation and customer satisfaction are the core values.
With The GET Global Group as your partner in onshore oil and gas outsourcing in Dubai, you can rest assured that your operations will be efficiently managed, keeping you competitive in an ever-changing industry. Whether you need professionally trained experts, comprehensive seminars, or reliable maintenance services, The GET Global Group has the solutions you need to ensure your business remains profitable and satisfactory. Reach out today to get more information about our services and how we can help you implement measures to achieve all your business goals.
Also Read: Factors Affecting Managed Inventory in Oil and Gas Industry in the UAE
