The oil and gas business is undergoing a significant restructuring. In order to maintain control of our own destiny and succeed in an increasingly competitive business environment, the industry must set goals which are consistent with its continued success and focus on those goals in every aspect of its strategic management.

By applying an approach to decision making which focuses on the achievement of the key goals required for success at every decision point and systematic follow-up, a firm can greatly increase its ability to succeed in the business environment of the future.

Keywords:
new york, productivity, economist, action plan, assumption, exploration, consulting firm, risk management, upstream oil & gas, objective
Subjects:
Risk Management and Decision-Making
Copyright 1992, Society of Petroleum Engineers
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