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.
This article shines a light on how the current gap in the engineering and construction industry impacts onshore field development.
Project Production Institute researches and disseminates knowledge related to the application of operations science for the optimization of complex and critical energy, industrial and civil infrastructure projects.