Statoil’s Helge Lund and Samir Brikho, head of UK-based services company Amec, told the 21st World Petroleum Congress that industry needs to devote more effort to finding solutions to drive costs down, such as using standardised project designs.

“This is absolutely one of the biggest challenges this industry has. I do not think it is a fight between suppliers and operators, I think we have a common challenge we have to solve together,” Lund said in press briefing following a speech on day-two of the event taking place in Moscow.

Delegates