Offshore OFS Market Poised for Massive Boost in Southeast Asia
A fresh wave of offshore project sanctions across Southeast Asia could boost greenfield investments in the oilfield service space by almost 70% in 2020. The growth will be driven by a handful of new megaprojects across Malaysia, Myanmar, and Vietnam, according to recent project commitments.
How to Avoid Project Train Wrecks
Why do we as an industry do so poorly in executing large capital projects? Oil and gas is not alone. The many reasons for failure of megaprojects fall into five broad categories.
Dialogue Takes Aim on Project Costs, Schedules
Panelists at CERAWeek discussed the numerous steps their companies are taking to achieve large-scale permanent, in addition to cyclical, capex reductions on major projects.
Project Complexity Requires Enterprise Thinking
The failure rate for megaprojects is often blamed on complexity. A dinner during ATCE asked whether there is a limit to the degree of complexity we are capable of effectively managing.
Integrated Project Delivery: A Paradigm Shift for Oil and Gas Projects in the UAE and the Middle East Region
The focus of this paper is how efficiencies affect schedule, with the recognition of the secondary effect on project cost. This paper also proposes integrated project delivery to enhance effectiveness.
Megaprojects Call for the “Total Project Manager”
Project managers for megaprojects that will take years to complete require special skills to deal with the many challenges. As a result, engineering and construction firms report a shortage of project managers.
Industry Panel Discusses Future of Energy and Construction
A panel of oil and gas industry experts at the Rice Global Engineering and Construction Forum discussed megaprojects and the joint responsibility of owners and contractors to make them better.
A Vendor’s View on Cost Control in Megaprojects
The factors contributing to out-of-control costs and delayed deliveries of projects are many. They range from unrealistic early cost and time estimates and human factors to the effects of geopolitical events.
Gigaprojects: The Stakes are High and Demand Improved Project Performance
SPE’s projects, facilities, and construction (PFC) discipline has had a good track record in developing and delivering workshops on topical themes over the last 10 years or so.
The Role of Psychological Factors in Major Project Cost and Schedule Overruns
We are comfortable with the reality of swift intuitive judgement being the primary decision-making approach of experienced engineers in emergency situations. But as the engineer in the situation has less experience available to him/her, how do psychological factors affect outcomes?
Oil and Gas Facilities To Sponsor Project Management Networking Event at OTC
The success rates of E&P megaprojects has dropped over the past decade. What is causing this falloff in performance?
Selected Reading for Facilities Engineers; ATCE Reveals PFC Performance Shortfalls
Recent activities around career planning for facilities engineers led me to a list of "must read" books. The recent ATCE generated two revelations. As an industry, we do a poor job of managing major capital projects, and we do not know how to design separators.
Highlights in Projects, Facilities, and Construction
ATCE included expanded content for project, facilities and construction professionals. Panels discussed our performance in managing megaprojects and our challenges in designing separation equipment. Two technical paper sessions were also included.
Oil and Gas Industry Megaprojects: Our Recent Track Record
Earlier studies showed that the results of oil and gas megaprojects were quite similar to the results from other industries. More investigation shows a poorer track record, largely due to the poor functional integration that characterizes upstream project organizations.
Planning for Initial Startup Success
The ultimate success of a deepwater project depends on phases from early concept selection, design, construction, commissioning, and startup to operation. However, the boundaries and transfer of responsibilities may not be sharply demarcated between phases.
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