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.
Aghogho, M (2020). Strategies for Field Development in a Low Oil Price Environment. Afribary.com: Retrieved June 07, 2020, from https://afribary.com/works/strategies-for-field-development-in-a-low-oil-price-environment
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 07 Jun. 2020.
Monorien, Aghogho. "Strategies for Field Development in a Low Oil Price Environment". Afribary.com, Afribary.com, 19 Apr. 2020. Web. 07 Jun. 2020. < https://afribary.com/works/strategies-for-field-development-in-a-low-oil-price-environment >.
Monorien, Aghogho. "Strategies for Field Development in a Low Oil Price Environment" Afribary.com (2020). Accessed June 07, 2020. https://afribary.com/works/strategies-for-field-development-in-a-low-oil-price-environment