How to realize LEM benefits in ultradeepwater oil and gas

06/30/2003
LEAN ENERGYMANAGEMENT—3Ultradeepwater oil and gas exploration and development is a frontier much like landing on the moon was in the 1960s.The offshore challenge is twofold: Deal with the risks and uncertainties of the technological frontier, while at the same time reducing the costs and cycle time required to exploit the resources by half or more. Only then can it become affordable in the first place.Lean management processes and tools have created such fundamental improvements elsewhere, most notably in the aerospace and automotive industries. However, it has been well documented that the "behavior" of the entire system must fundamentally change in order to realize these lean impr...
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