How Can the Oil and Gas Industry Improve Its Project Management
The oil and gas industry has drastically changed in the past decade. The vast majority of Earth’s oil and gas deposits have been already uncovered years ago while modern-day technologies allowed us to mine them faster than ever.
The resources are rapidly becoming scarcer while finding a decent team of engineers is challenging for a number of reasons. Even so, there are ways to improve the governing aspect of any project if one knows what to look for. Today we’ll talk about how can the oil and gas industry companies and their employees improve their project management skills and execution, so let’s dive in.
Redefined contracts and forms
The first area where oil and gas industry managers are lacking is contractual in nature. According to dr. William Wallace, most contractor companies actually know very little about contract laws, which combined with the interest of protecting their prospects oftentimes leads to disaster.
The first way to improve the efficiency of applie…
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