Achieving profitable growth in E&P: New strategies, business model

Panos Cavoulacos Booz Allen & Hamilton Washinton, D.C. Etienne Deffarges Booz Allen & Hamilton San Francisco Major changes in the oil and gas environment during the last decade and a half have necessitated significant course corrections in upstream business strategies. Exogenous factors such as privatization and the opening of new opportunity areas have caused significant shifts in company strategies to drive growth, while lingering low commodity prices have applied continuous pressure to reduce costs. Successful upstream players have changed their strategies-from frontier exploration to development/production new ventures and on to gas and po...

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