Managing Oil and Gas Companies: How strategic personnel development can reduce operations cost

Innovative exploration and production companies are demonstrating that smart investment in personnel development can significantly reduce operations costs and help make their investments in hardware and technology more secure. Companies such as Shell Offshore Inc., Conoco Inc., Enron Corp., PanCanadian Petroleum Ltd., and others have made major investments in personnel development as part of strategies to in crease operations efficiency. These strategies appear to be working. Some of the companies are performing the same amount of work, even with staff reductions of 30% or more, and seeing net reductions in operating budgets equal to or exceeding 15%. These personnel development programs ...

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