How to Create Radical Efficiencies

We must reduce costs by 50% to access available resources, and this must be done quickly, before infrastructure declines. We need to apply new technologies, breakthrough concepts for surface facilities, and innovative processes to bring costs down.

Carlo Procaccini, Head of Technology, Oil & Gas Authority

I would argue [the O&G industry] is sustainable, largely because of the radical efficiencies and productivity improvements developed for it. Driving cost out is just part of the story. You also have to drive radical value through productivity improvements. We continue to see incremental benefits, and the combination of these improvements drives significant value.

Robert Doug Lawler, President, CEO & Director, Chesapeake Energy

When I look at radical efficiency, I consider our operating design model, and challenge everyone to come up with something different and better. Embrace young people who have the skill sets, and bring them into the industry.

Huw Evans, CEO, Twinza Oil