Producing a step change in delivering value growth in today’s environment requires business leaders and project professionals to take a new approach to planning and executing E&P assets.
Current market conditions make it difficult for E&P operators to make consistently robust profits. Investor confidence is low as a result of declining returns from big oil. As oil prices have fallen dramatically from their historical highs, the breakeven price needed for E&P projects continues to rise.
Even when prices were at their peak, the industry managed to destroy value on 75% of all projects completed (2004-2014). This was a result of chasing the least important value driver (schedule) and, in the process, damaging the most critical (production and cost). Asset excellence is so uncommon in the E&P industry, it is likely that you have experienced any number of these scenarios:
Commodity prices will eventually rise, providing favorable conditions for E&P asset developments once again. When that time comes, will you be prepared to do things differently or will you repeat past performance?
Tuesday, July 11, 2017 - Wednesday, July 12, 2017 8:00 AM - 5:00 PMSE Asia Time
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Venue to be announcedJakarta Indonesia
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