Gaining ground in the sands 2014
Five rites of passage for an industry in pursuit of operational maturity
The oil sands are entering a new cycle of development. Collaborative efforts by producers to improve operational excellence are underway. Rising costs, increased environmental scrutiny and persistent shortages of key, skilled talent are forcing the sector to mature more quickly than it might have otherwise. And those are the relatively straightforward challenges.
The bigger issue? If the sector is unable to make cultural shifts and major operational changes, it risks skipping the next stage of development altogether, slipping straight into decline.
What’s clear is that individual companies’ ability to achieve operational excellence will improve their prospects for sustained growth. We believe they will get there.
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