6 Ways to Cut Costs and Grow Production (with a Capabilities-Driven Strategy)

14 Pages Posted: 31 Oct 2019

Date Written: December 1, 2018

Abstract

An application of Capabilities-Driven Strategy to upstream E&P. As the industry evolves, so too must E&P strategies, portfolios, organizational capabilities, and operating models – capabilities must be enhanced, workflows streamlined, and productivity optimized, through broad operating model redesign. Enterprise operating models require a stronger and more tailored set of key capabilities – some new – to accommodate our evolving business landscape and global resource base. Toward that end, we have identified the following list of six actions that will help you to cut costs and grow production, using a capabilities-driven strategy.

Keywords: E&P, E&P Strategy, Upstream, Upstream Strategy, Oil & Gas, Energy, Capabilities-Driven Strategy

JEL Classification: G30, G31, L20, L21, L22, L23, L24, L25, L71, M11, M21, Q35

Suggested Citation

Pettit, Justin, 6 Ways to Cut Costs and Grow Production (with a Capabilities-Driven Strategy) (December 1, 2018). Available at SSRN: https://ssrn.com/abstract=3301656

Justin Pettit (Contact Author)

IHS Markit ( email )

200 Connecticut Avenue
Suite 300
Norwalk, CT 06854
United States

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