Article
Gulf Energy's Mature-field Reckoning
As the GCC's major oil fields transition into mature production phases, national oil companies face a critical choice: replicate the costly mistakes of global energy majors or build operating models specifically designed for mature assets. Shell's $491 million loss in the Permian Basin versus ConocoPhillips' $5 billion profit from the same fields reveals how the right organizational structure can transform economics without changing the underlying geology.
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