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LATEST THINKING


The upside of postponing oil and gas capital projects

How a more disciplined approach to capital projects can deliver long-term returns.
Five critical strategies can help companies transform their organizations without major disruption.

Emerge stronger, more cost-efficient, and better able to deliver value to stakeholders well into the future.

Hire strategically, and with the appropriate long-term incentives, to build core and strategic capabilities and skills internally aligned with current and future business growth.
  1. Hire strategically, and with the appropriate long-term incentives, to build core and strategic capabilities and skills internally aligned with current and future business growth.
Review the role that third parties could play in improving project delivery by fundamentally challenging the traditional operating models for capital projects.
  1. Review the role that third parties could play in improving project delivery by fundamentally challenging the traditional operating models for capital projects.
Rethink contracting strategies as power shifts back to owners from engineering, procurement and construction companies (EPCs) and engineering, procurement and construction management companies (EPCMs).
  1. Rethink contracting strategies as power shifts back to owners from engineering, procurement and construction companies (EPCs) and engineering, procurement and construction management companies (EPCMs).
Develop and deploy (both internally and to third parties) a cross-project set of tools and processes to improve visibility, standardize information and decrease cost.
  1. Develop and deploy (both internally and to third parties) a cross-project set of tools and processes to improve visibility, standardize information and decrease cost.
Implement a continuous process of project review.
  1. Implement a continuous process of project review.


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