PFC: An Agenda for the Lull: Coping Successfully in These Volatile Times

Speaker: Neeraj Nandurdikar
Speaker Neeraj Nandurdikar
Neeraj is Director of the Exploration and Production (E&P) practice at Independent Project Analysis, Inc. Neeraj provides strategic direction  and oversees the global practice including customer relations, intellectual property development, research, and project consulting services. Neeraj has spent the past 15 years in an advisory role working with the EVPs, ...

Neeraj is Director of the Exploration and Production (E&P) practice at Independent Project Analysis, Inc. Neeraj provides strategic direction  and oversees the global practice including customer relations, intellectual property development, research, and project consulting services. Neeraj has spent the past 15 years in an advisory role working with the EVPs, VPs, heads of projects, and functional leaders of more than 30 different O&G operators and service providers around the world helping them design, build, and optimize their organizations and project delivery systems to adapt to the ever-changing project environment.


Neeraj has authored several papers published in Society of Petroleum Engineers (SPE), delivered keynote addresses, and served as a committee member for several SPE workshops and conferences. He currently serves as an Associate Editor for SPE’s Economics & Management journal.


Neeraj holds an M.S. in Petroleum Engineering from The University of Tulsa and an MBA from the Wharton Business School of the University of Pennsylvania.

Full Description

It wasn’t but a few months ago that we discussed the dire situation the oil and gas industry finds itself in. The E&P industry was eroding value–on average 35 percent on a price normalized basis–due to poor capital discipline, almost non-existent portfolio management, and poor practices. We exhorted the industry and the business leadership to urgently focus on controlling the rising project costs or the industry would find itself in a serious crisis. However, high oil prices cushioned the effect of poor practices and muffled the hearing of the industry!

What a difference a few months make! The crisis is here and the new normal–low oil prices–is probably here to stay. Oil and gas operators–large and small, EPC players, vendors, and service providers—are all trying to navigate their way through this mess and are finding it difficult. This is not surprising. Since the industry didn’t need to focus on cost for the better part of 15 years, we really don’t know how to do it.

This talk will draw upon the vast Independent Project Analysis, Inc. (IPA) database of capital projects and lessons learned to present an agenda for the lull. Specifically, we will discuss the things businesses should be doing right now that will make their companies emerge stronger from this crisis. We will also discuss the easy and tempting short term tactics that will actually end up weakening firms and the industry in the long run.

 

To register for the Webinar version of this event, please Register Here.

Organizer Bryan Marlborough

Phone:  281-647-8385


E-mail:  bryan.marlborough@woodgroup.com

When?

Tue, Apr. 21, 2015
11:30 a.m. - 1 p.m. US/Central

How Much?

A $5 donation for the SPE-GCS Scholarship Fund has automatically been added to the registration fee. Use OptOut in the Discount Code field if you do not wish to donate at this time.
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Where?

Wood Group Mustang, Inc - Stallion Building
17325 Park Row
Houston, TX 77084
United States

S1C- Event Room

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