Motive

Front – end learning
A government-sponsored review of Oil & Gas projects identified 11 projects where overruns of $1.25 billion were directly attributable to the well (i.e. drilling and completion)

That reports: the need to improve projects quality by applying operational realism as well as bold thinking is the provision of bold realistic plans that have been critically considered from appraisal to implementation The report placed particular emphasis on :

	Increasing the capacity and competence / Knowledge of project teams.
	More attention to and a better understanding of risks and uncertainties.
	Better work routines and methods.
	A foundation upon which to start project planning and one that nurtures a culture of detailed early planning.
	Improved risk management on complex well and completion operations.
	Stronger interface co-ordination between different service providers.
	Better estimates, through earlier planning with clear confidence levels.
	Bold realism, not exaggerated optimism

These issues lie at there heart of our business model.