Cost overruns becoming normal: E&Y

SIGNIFICANT oil and gas projects ultimately face the highest chance of delays and cost overruns if they are located in the Middle East, with the Asia Pacific region also scoring badly, according to research by accounting giant Ernst & Young.

18 August 2014
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The news is surprising considering that the industry's cost blow-out world title-holding Kashagan oil project in Kazakhstan is located in Central Asia, while the Gorgon offshore project in Asia

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