With ample oil supplies leading to longer-term lower prices, getting oilsands supply costs down is job number one across all sectors of the industry.
New engineering designs, technologies and business models are all being tested to make oilsands production competitive on the global market.
But another area with great potential to save costs is in project management. A study released by the Alberta Projects Improvement Network (APIN) in late 2016 shows using project management processes like stage-gating and advanced work packaging could result in major savings in capital costs in developing oilsands projects. Read more of the original article here