1.Capital Expenditure is increasing in our industry 1.1 Developments are getting larger and complex while more projects are taking longer to be sanctioned 2.Objective, and less objective, factors have been driving costs up: 2.1. New steps and new technical challenges 2.2. Decreased productivity driven by a "big crew change" 2.3. Lack of integration of our supply-chain 3. Better sharing and leveraging of expertise within the industry to tackle those challenges 3.1. knowledge sharing (cf FLNG) 3.2. muiticenter execution 3.3. partnering at early stage of the project into a joint design-to-cost approach 3.4. tend to more standardization 3.5. integrate information from conception to operations into a lifecycle model.
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