'Both of these topics have one thing in common - they are trends prevailing over a disciplined approach. The first issue -unconventional resources - is a popular subject. The second is a much less discussed topic, but it is one that I think deserves particular attention. Here, I mean our industry's weakening record in the delivery of production targets, especially in bigger projects. On both of these issues, I would like to challenge the "schools of thought" and suppositions that have affected the way the industry has made some of its choices in the recent past. Firstly, I'd like to comment on some popular conceptions on unconventional resources, gas and tar sands. The reason why the oil and gas industry has been bullish in acquiring significant unconventional resources over the last 10 years is down to a common view that finding new large conventional resources was riskier, less cost efficient and increasingly difficult.
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