Downstream Petroleum/Chemicals

Gain insight into manufacturing operations and identify recurring patterns. Explore this category to learn more!

How Oil & Gas companies can win in a “zero sum” game

The primary approach to add oil and gas reserves is through exploration. The recent years increase in “Proved Reserves Addition Cost” (PRAC) has been a growing concern, and the 60% drop in crude prices since the summer of 2014 finally changed the game. Today it may be cheaper to buy resources than to explore and […]

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