Leading research and consultancy company Wood Mackenzie just released the article
“U.S. Unconventionals: $10 Billion of cash – and even more in value – laying on the factory floor,” the first in a series demonstrating how the application of Project Production Management significantly improves outcomes for onshore field development within oil & gas, and also applies to major capital projects.
In particular, implementing Project Production Management (PPM), referenced here as a well production system, can unlock billions of dollars of value and drive capital efficiency. This article demonstrates that within U.S. Unconventionals, there is up to $10 billion of cash and $65 billion in lost revenue. The follow-up articles will discuss the cost and time implications.
Please find the full article here.
This article shines a light on how the current gap in the engineering and construction industry impacts onshore field development.