Speakingduring a panel session, Petrobras executive manager Carlos Tadeu da Costa Fragatold the audience about three-quarters of exploration and productionmegaprojects do not come in on target, either in terms of scheduling or cost.
Companieshave often used aggressive targets, he added. “We thought we’d be able to dothe projects with less costs and a faster schedule than we were able to,” Fragasaid.
Commonly,the
