Stage Gate Project Management Process In The Oil And Gas Industry

It is a process that has been accepted by all of the majors in the oil gas industry as a way to optimize shareholder value by improving the quality of project decisions and increasing the likelihood for successful projects.

Stage gate project management process in the oil and gas industry.

To manage the shareholder value at risk in these projects almost every major oil and gas company has invested heavily in a formal stage gate project management process. Front end loading fel also referred to as pre project planning ppp front end engineering design feed feasibility analysis conceptual planning programming schematic design and early project planning is the process for conceptual development of projects in processing industries such as upstream oil and gas petrochemical natural gas refining extractive metallurgy waste to energy. A stage gate project management process is recommended for this purpose. Companies that seize them can complete construction projects faster reduce costs and improve schedule predictability.

Ligon spe consultant prepared for the 2006 spe annual technical conference and exhibition san antonio texas 24 27 september. The current oil and gas project management approach focuses on the critical path and increasingly detailed planning. Is developed with the aim to improve the decision making process and overall project execution where typically the systematic project. Project management in oil and gas industry.

Yet the performance of major projects has not appreciably improved and significant project failures both technical and economic continue to occur. Senior process engineer offshore our client is a global project management consultancy in the oil and gas industry looking to expand their engineering team in the uk to support a new project during feed. This article written by technology editor dennis denney contains highlights of paper spe 102926 the good the bad and the ugly of the stage gate project management process in the oil and gas industry by g w. Capital committed to.

Walkup jr spe sdg and j r. Walkup and jan ligon year 2006. Opportunities to improve productivity exist all along the development and construction cycle.