EY ROMANIA

  |  21.08.2014

Because of the oil and gas megaprojects, the global budget was exceeded with over USD 500bn

Megaprojects refer to projects worth more than USD 1bn, with a high degree of technical and operational complexity


Almost two thirds (64%) of the megaprojects from the global oil and gas industry continue to exceed the predicted budgets, while three thirds of them (73%) were not completed in due time, shows the new EY report, ‘Spotlight on megaprojects’.

 

The report analyzes 365 megaprojects and the impact the exceeded budgets have on the oil and gas industry.

 

For more information, please see the Romanian version of the article, here.
 

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