Collaborating to drive cost efficiency
In November the Performance Forum hosted its (6th) annual workshops in London and Houston.
Under the theme ‘the High Price of Low Cost’, senior experts shared lessons learned at the event and collaborated on how the industry could meet the challenges of the current low oil price.
Both events featured keynote speeches. In Houston, a representative from Shell opened with an analysis of how the industry can drive lowercost, affordable and profitable projects. In London, a leader from the UK’s planned highspeed rail network, HS2, provided cross industry best practice on how public accountability drives improved project delivery. Delegates from organisations including BP, Chevron, Petronas, Statoil and Total gave insightful presentations on topics including big data, cost predictability and benchmarking for improvements.
The Performance Forum, a joint industry project sponsored by upstream oil and gas operators, and managed by Turner & Townsend, provides insights into cost predictability through benchmarking and enables companies to optimise their project performance.
Enabling collaboration across the industry’s major operators, the Forum identifies and encourages best practice while supporting oil and gas companies to reduce risk and increase confidence in project outcome.