CIMdata PLM Industry Summary Online Archive
March 2006
Implementation Investments
SmartOrg Case Study: Accelerating the Deployment of Technology in the Oil and Gas Sector
In the oil and gas industry, it is common knowledge that heavy oil reserves are plentiful. However, extracting and processing the oil is a costly and risky business-it is difficult to extract and requires special processing to create a valuable end product.
Deploying technologies is key to reducing costs and increasing production. That's why one of the largest oil and gas companies in the world invests more than $40M per year on an R&D portfolio of about 40 heavy oil projects, in all stages of development.
The Challenges
Like portfolio managers in all industries, the heavy oil portfolio manager faced pressures to get more return from his R&D investment-specifically improving the time it took to deliver technology. Click here to read more about the challenges, the solution and results obtained through using SmartOrg's portfolio and project value-based management system.
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