Abstract

The oil and gas upstream industries operate on its strength of its natural resources, its infrastructure, processing facility and technology, human resources and the most important energy products market demands. If one of the factors fluctuates, it affects the industry operations, planning and production. By nature everything is not gifted there are strengths and weakness, resources without capital, knowledge without management, will to do but lack of technology, strength in execution but with no quality no core know how, success with no sustainability, vision with no decision making, and so on so forth. To be a successful venture it is important to make use of best available resources and meet rest of shortcoming by best possible practical approaches. Every one could be a master in his own domain expert but to be a master of all in a particular capital venture one need to understand all available data collectively as teams and groups by analyzing, sharing experience, know how and knowledge.

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