The document discusses integrated project management approaches for oil and gas exploration and production projects. It describes a case study of a joint venture company taking a fast-track approach to develop a marginal oilfield within 12 months. This presents risks from volatile market conditions and currencies. The document advocates adopting program and project management practices to manage multiple concurrent projects and address key issues like organizational structure, leadership, and planning. It presents views from both the program manager and project manager perspectives in planning, monitoring, and controlling multi-level master schedules and contractual frameworks across exploration, development and production phases. Integrated operations are proposed through a program management office and cloud-based information management system to facilitate real-time collaboration, communication and analytics across the project lif