Gaining ground in the sands 2014
Five rites of passage
2014 could be the year the oil sands sector finally “comes of age.” Learn about its five “rites of passage” in pursuit of operational maturity.
The oil sands are entering a new cycle of development. Collaborative efforts by producers to improve operational excellence are underway. Rising costs, increased environmental scrutiny and persistent shortages of key, skilled talent are forcing the sector to mature moer quickly than it might have otherwise.
And those are the relatively straighforward challenges. The bigger issue? If the sector is unable to make cultural shifts and major operational changes, it risks skipping the next stage of development altogether, slipping straight into decline.