Strategies for Field Development in a Low Oil Price Environment

Aghogho Monorien 17 PAGES (3463 WORDS) Essay/Paper
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In low oil price regimes, oil and gas companies explores several options to remain profitable in the short run. The traditional response has been to shelf all projects until the price of oil rebound or carryout workover operations, but this might not be the best option for these companies. This study discussed how Shell Petroleum Development Company significantly reduced the cost of its workover operations using effective planning and project management. This study then showed how the GE/McKinsey matrix analysis would help companies visualize its project options, while the Conjoint Analysis would help companies decide on which project to develop among other projects in their portfolios.

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APA

Aghogho, M (2020). Strategies for Field Development in a Low Oil Price Environment. Afribary.com: Retrieved December 02, 2020, from https://afribary.com/works/strategies-for-field-development-in-a-low-oil-price-environment

MLA 8th

Monorien, Aghogho. "Strategies for Field Development in a Low Oil Price Environment" Afribary.com. Afribary.com, 19 Apr. 2020, https://afribary.com/works/strategies-for-field-development-in-a-low-oil-price-environment . Accessed 02 Dec. 2020.

MLA7

Monorien, Aghogho. "Strategies for Field Development in a Low Oil Price Environment". Afribary.com, Afribary.com, 19 Apr. 2020. Web. 02 Dec. 2020. < https://afribary.com/works/strategies-for-field-development-in-a-low-oil-price-environment >.

Chicago

Monorien, Aghogho. "Strategies for Field Development in a Low Oil Price Environment" Afribary.com (2020). Accessed December 02, 2020. https://afribary.com/works/strategies-for-field-development-in-a-low-oil-price-environment