Anatomy of a Multi-Billion Dollar Problem


Industry research shows that 98% of megaprojects experience cost overruns exceeding 30%, and 77% are at least 40% behind schedule.
Specifically, in the Oil & Gas sector, the numbers are equally dire: up to 78% of projects face significant cost overruns, and a staggering 64% experience significant production attainment issues in the first two years of operation.
On average, a major capital project overspends by $570 million. Concurrently, digitalization projects, which are the very heart of IT/OT integration, fail to achieve their goals approximately 70% of the time.
The "Commissioning Chasm" is not just a technical or procedural challenge; it is a primary, quantifiable driver of the catastrophic cost and schedule overruns that plague the industry. The failure to properly integrate IT and OT during the final project phase is a direct cause of these financial disasters.
Industry data show that 78% of oil & gas megaprojects experience cost overruns, averaging 33% above initial estimates. The root cause is often the failure to bridge the IT/OT gap in the final commissioning phase. We solve this.


