In the oil and gas industry, this methodology can lead to significant improvements in processes, cost reduction, and enhanced quality. Here's how the application of Lean Six Sigma can benefit the oil and gas sector:
Artificial Intelligence (AI) plays a transformative role in improving business operations.
Mathematical optimization is a critical tool in decision-making across various industries and applications. Its use is most beneficial when specific conditions are met.
Optionality in capital expenditures (CapEx) and operational expenditures (OpEx) refers to the flexibility and strategic choices.
Process re-design is a vital strategy for businesses seeking transformation and improvement.