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8 result(s) for "Wadsworth, Kathryn B"
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Successful alliances driven by processes, not discounts
Drilling ventures can improve their potential to reduce costs and accelerate production by 12%-30%, when alliances are executed properly and partners have a full understanding of true integration. Many companies enter alliances without a full grasp of the economic potential such a relationship might offer. Many alliances rely too heavily on relationship issues and commercial terms instead of focusing on integrating their technical processes successfully. Process-driven alliance is the term adopted by a new Gas Research Institute report prepared by OGCI Management to represent a fundamentally different way to plan, execute, and evaluate drilling projects. PDA is much more than a change in commercial terms between organizations. Instead, PDAs are the result of 2 or more parties that enter into an agreement with a common set of objectives which, through joint planning, execution, and evaluation, provide economic benefits to all concerned - often without regard for corporate boundaries.