Introduction In 2011 78% of upstream oil and gas megaprojects faced either cost or schedule overruns according to an industry study by the Independent Project Analysis (IPA); in 2014, research by Ernst and Young found 64% of projects faced cost overruns and 73% of projects faced schedule overruns[1] and in 2017 the UK OilContinue reading “Are you unknowingly destroying value with your capital value process?”
Category Archives: Insights
How are you approaching lack of funding for Field Development?
Part 1: Project Finance Funding gap in an uncertain world In 2016 the Deloitte Centre for Energy Solutions published a report [1] that predicted an anticipated CAPEX funding gap for the oil and gas industry of around $1Trillion USD by 2020. In some African countries, oil and gas corporate debt has all but driedContinue reading “How are you approaching lack of funding for Field Development?”
Lessons from the history books … how looking back can help us moving forward
The need for change and transformation in the way the oil and gas industry does projects has been io’s call to arms since its inception; it is precisely the reason why we were created. Change means to make or become different. But this need not mean that the only option is to undertake the activityContinue reading “Lessons from the history books … how looking back can help us moving forward”
How you can make your project greater than the sum of its parts
Systems thinking and systems dynamics are two key components to systems theory and have been the mainstay of many industries since the middle of the twentieth century. Systems thinking is the approach of studying and understanding systems of all types. Systems dynamics is the methodology and mathematical modelling of these often-complex systems. The foundational theoryContinue reading “How you can make your project greater than the sum of its parts”
How good is your decision making? … and are you certain about that?
At the very heart of being human is the ability to have rational thought and ultimately make decisions, whether it be the smaller every day decisions we may make without much thought, such as what to have for breakfast or more life defining moments with significant consideration behind such as deciding whether to emigrate. SomeContinue reading “How good is your decision making? … and are you certain about that?”
