Improving megaproject delivery in oil and gas
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The oil and gas sector is increasingly dominated by megaprojects, typically characterized by their complexity and highly technical nature, with budgets running to billions of dollars. Megaprojects usually involve many organizations, e.g., governments, oil and gas companies and contractors, and they are often politically and environmentally sensitive. It is perhaps no surprise, therefore, that overruns and delays frequently occur.
Oil companies need to pursue supply chain efficiency improvements in a collaborative spirit, rather than seeking only to secure the lowest prices.
In this article, we offer practical advice on improving megaproject development and delivery. We look at how to improve planning, procurement, project delivery and human capital management. We also offer advice on how to protect your supply chain.
Oil and gas megaprojects are likely to continue to grow in size and complexity in the coming years, so the ability to deliver them successfully to time and budget is going to be a key differentiator for companies in the sector.
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