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Get connected with journalists todayTimothy Haïdar
Verified
Editor, SLB
England, London
Beats
How to adopt.
Content
By Timothy Haïdar Verified|Oil and Gas IQVerifiedOil and gas projects are incurring fatal costs at the worst moment in the industry for 30 years. 3 in 4 projects are being scuppered by miscommunication. Project complexity & reliability of information is hampering efficiency in upwards of 70% of cases. And a lack of standardised data is causing significant disruptionin aligning objective.
By Timothy Haïdar Verified|Oil and Gas IQVerifiedValue engineering can be defined as a systematic and organised approach to provide the necessary functions in a project at the lowest cost. Based on a methodology developed by Lawrence Miles of General Electric during the material shortages of World War II, value engineering is used to solve problems and identify and eliminate unwanted costs, while improving function and quality.
By Timothy Haïdar Verified|Oil and Gas IQVerifiedOil and gas projects are incurring fatal costs at the worst moment in the industry for 30 years. 3 in 4 projects are being scuppered by miscommunication. Project complexity & reliability of information is hampering efficiency in upwards of 70% of cases. And a lack of standardised data is causing significant disruptionin aligning objective.
Company Info
SLB
SLB, formerly known as Schlumberger, is a global technology company based in Houston, Texas, that serves the energy industry. The company specializes in innovative solutions for reservoir characterization, drilling, production, and processing. SLB aims to drive energy innovation for a balanced planet, focusing on cleaner and more efficient oilfield operations. The company offers a wide range of services and products tailored to the oil and gas sector. These include advanced reservoir characterization technologies, efficient drilling solutions like the PowerDrive rotary steerable system, and various production and well completion services. SLB also provides integrated project management and expert consulting services to optimize operations. With a significant operational presence worldwide, SLB serves a diverse customer base across North America, Latin America, Europe, Africa, the Middle East, and Asia. The company is dedicated to innovation and sustainability, continuously developing new technologies to support a decarbonized energy future.
Houston, Texas, United States
'+1 713-513-2000
Founded: 1926