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Elevating the success of oil and gas capital projects
Deloitte Oil & Gas
As oil and gas capital projects become increasingly complex and unpredictable, the tools and procedures used to plan and execute them should evolve. Certain traditional planning methods often result in poor project performance, and outside intervention is required to get back on track.
- Improving capital project delivery
- Project integrators
- Typical capital project
- Complicated vs. complex projects
- View the capital projects report
Improving capital project delivery
Deloitte has developed and implemented interventions on many of the world’s largest and most challenging projects to improve outcomes and reduce costs. Our targeted interventions focus on:
- Enhancing collaboration between owners and contractors
- Serving as a driver and catalyst for identifying and implementing improvements to the engineering, procurement, fabrication, construction process
- Enhancing project controls
- Developing a tax efficient supply chain
- Improving reporting capabilities, productivity, and the ability to manage and mitigate risks
Deloitte’s oil and gas capital projects specialists can help significantly reduce your capital project costs and improve capital project delivery.
A project integrator can help meet your goals
As a project sponsor, are you comfortable that you have the right people in the right places at the right times doing the right things? If not, Deloitte can help.
Deloitte’s industry leading combination of multidisciplinary experience means we are distinctly qualified to serve as your project integrator.
As an integrator, Deloitte’s role is to work with you to help identify issues and develop a plan to help you fix what is not working by bringing you unbiased, actionable information—coupled with effective interventions—to help you, your people, and your project meet your goals. Deloitte can also assist in your efforts to continuously analyze your capital projects complexity profile across the lifecycle, to help reduce costs and improve performance.
Typical capital project
Complicated projects are highly technical, such as duplicating an offshore platform, and are generally suited for a traditional stage gate process. The results are typically predictable and foreseeable, despite the fact there are many interfaces between stakeholder groups.
An example of a complicated project is building a second offshore platform in an area
- High degree of certain outcome
- Similarities between projects
- Require variety of expertise
- Past projects indicative of future
- Reliance on formulae
Complex projects are also highly technical, but they have a high degree of variability, such as first-of-a-kind plant technology or geography. Prescriptive (stage gate) processes are traditionally used to manage these types of projects; however, the unforeseeable nature and interactions of events make the outcomes unpredictable.
An example of a complex project is an upstream and downstream project in a set of new frontiers—environmental, geopolitical, technological
• Uncertain outcome
• Interventions may contribute to outcome
• Individual and unique
• No “cookie-cutter” recipe of success
The challenge of renaissance
For a more in-depth view of what Deloitte is doing for capital projects, read the report The challenge of renaissance: Managing an unprecedented wave of oil and gas capital projects.
This report reveals the insights of Deloitte capital projects specialists on the variety and magnitude of the key challenges the industry needs to address to capitalize on the opportunities of their successes.