Megaprojects in oil and gas are some of the most capital-intensive, high-stakes endeavors on the planet. With budgets that can stretch into the tens of billions, even minor missteps in forecasting or execution can lead to massive overruns. And yet, according to a study by EY, a staggering 64% of oil and gas megaprojects face cost overruns, while 73% miss schedule deadlines¹.
In an environment where complexity, regulatory hurdles, and geopolitical risk are the norm, the industry is waking up to a hard truth: traditional methods of project control just don’t cut it anymore. Gut feel and static spreadsheets don’t scale when you’re laying pipelines across continents or building offshore platforms in hostile waters.
That’s where Vitruvi comes in.
A New Era of Cost Control
At the core of Vitruvi’s Project Control solution is a powerful AI engine built to help oil and gas companies plan, monitor, and forecast megaprojects with more precision than ever before. Whether you’re dealing with complex permitting timelines, extreme environments, or a mix of union and non-union labor, the platform adapts to your variables.
Vitruvi doesn’t just show you the current budget versus actuals. It identifies patterns in your project data and alerts you to emerging risks before they become multi-million-dollar problems. For example:
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Equipment delivery delays in a single upstream phase can ripple through downstream work packages — Vitruvi predicts the impact and flags it.
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Shifting commodity prices increase material costs? Vitruvi builds that into forecast models instantly.
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Regulatory hold-ups in one jurisdiction threaten to idle crews? The AI evaluates best-case and worst-case outcomes so you can act decisively.
Predictive Insight That Drives Action
According to McKinsey, advanced analytics can reduce project costs in oil and gas by up to 15%² — but only if that data is actionable. Vitruvi delivers exactly that: insight that enables action, not just dashboards that look good in the boardroom.
Unlike legacy project systems that require heavy customization and consulting to adapt, Vitruvi is purpose-built for the intricacies of linear and asset-intensive construction — including pipelines, terminals, refineries, and offshore rigs. And because it centralizes schedule, cost, field, and labor data in a single model, you can see how a delay in one task affects your full critical path.
Field-Proven for Harsh Realities
In oil and gas, conditions change fast. Vitruvi is built to work in the real world — not just in clean office environments. Field teams can submit progress reports from mobile devices, mark up design changes, and log extra work orders on the fly. That data feeds directly into the forecasting model so decisions are based on what’s happening now, not what was planned weeks ago.
This boots-on-the-ground integration means that:
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Cost overruns aren’t discovered months later — they’re forecast weeks earlier.
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Risk isn’t hidden in disconnected systems — it’s surfaced automatically.
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Mitigation isn’t manual — it’s modeled.
Making the Case for AI in Oil & Gas Construction
Project leaders know what’s at stake. As one industry exec put it, "Delays don’t just cost us dollars — they cost us credibility, opportunity, and in some cases, entire contracts"³. In a world where margins are tightening and scrutiny is intensifying, tools like Vitruvi provide a competitive edge that’s hard to ignore.
It’s not just about saving money. It’s about maintaining control over complex, multi-billion-dollar projects. It’s about replacing reactivity with foresight. And it’s about doing more with fewer resources, without sacrificing accuracy or safety.
Curious how AI can help you rein in megaproject costs? Explore the Vitruvi Control platform.
Sources:
1. EY Global Oil & Gas Megaprojects Report (2014)
2. McKinsey & Company – "Harnessing the power of data in oil and gas" (2018)
3. McKinsey – "How capital projects win in oil and gas"
