Features / IHS MARKIT

Capital Project Efficiency and Performance Improvement Strategies for The Oil and Gas Industry

Oil and Gas companies operate in dynamic and complex environments, where they face constant challenges especially in terms of budget and cost overruns for capital project execution. Post the 2014 oil price dip, across energy and process industries, about 55% of capital projects were negatively affected by either scaling back projects and postponing investments, or cancelling projects altogether.

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