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[INFOGRAPHIC] Your Take On The End Of The Megaprojects Era

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Posted: 12/06/2016

The slump in oil prices has seen a tailing-off in the number of megaprojects - major infrastructure projects that cost more than $1 billion – on the drawing board throughout the energy industry.

The scale and complexity of these megaprojects will always translate into budget overruns and missed deadlines, but the oil and gas industry has a particularly high rate of project failure.

In conjunction with AVEVA ProCon, Oil & Gas IQ carried out a wide-ranging survey to professionals that have worked on oil and gas megaprojects in the recent past.

The statistics we gathered make for both sobering reading, and form the epitaph for the Age of the Megaproject, including:

  • Which commonalities exist in your most successful large capital projects
  • The key weaknesses identified in your least successful large capital projects
  • The top three critical applications that you think make large capital projects
  • The top three reasons for budget overruns

 

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Posted: 12/06/2016