PFC: Improving Project Efficiency at Less Than $50/bbl - Part IV "IPA"

Speaker: Neeraj Nandurdikar, Independent Project Analysis
Speaker Neeraj Nandurdikar, Independent Project Analysis
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

*Pre-registration is closed but event walk-ins are welcome to attend.*

 

The Project, Facilities and Construction Study Group is pleased to announce our 4-part Spring Event Series for 2016. This series will focus on “Improving Project Efficiency at Less Than $50/bbl”

The role of the project manager is crucial to effective project development and project execution. This 4-part series will occur as weekly events in March covering project management roles from the perspective of an Operator, Fabricator, EPC and Consultancy. The goal of the series is to transfer knowledge related to how organizations can collaborate to improve efficiency at relatively lower oil prices than we have become accustomed to. What do we do now and what can we do going forward to improve project execution to meet the new budgetary goals in a low oil price environment?

 

Part IV on Wednesday March 30th will be presented by the Consultancy, Independent Project Analysis (IPA). The boom times are officially over. It feels like an eternity today, but less than 2 years ago historically high oil prices made oil and gas company business executives, and likewise many industry project managers, giddy about large margins. Rather than focusing on an asset development’s long-term viability, it was easy for companies to authorize projects that promised high returns in the short run, despite sometimes even higher project uncertainty. Meanwhile, practices known to promote capital effectiveness and collaboration were cast aside. However, speed in delivering assets does not necessarily increase project value, and to make matters worse, project costs, including owner’s costs, skyrocketed.

The extent to which oil prices have fallen has been nauseating and these are dire times for the industry. However, the industry has seen such times before. Not unlike the chemicals industry today, the oil market context a few decades ago forced owner companies to learn to get by with razor thin margins. This talk will focus on the actions owners must take to get ahead of the market downturn and deliver successful projects. Owners have to reduce “company standards,” strengthen their use of owner-led project teams, and get EPC firms to rethink their approach to designs. We will also discuss the collective actions that Industry should pursue to reduce the number of specialists working on projects and to improve collaboration across all project functions. Most of these actions can start within individual project organizations justifiably stuck in survivalist mode.

Each event is scheduled to begin at 4:00pm with 30-minutes of networking followed by a 1-hour presentation and a 30-minute Q&A session. The room will remain available for an additional 30 minutes after the event to facilitate networking and one-on-one discussions.

Events are scheduled as follows:

     • 4:00pm to 4:30pm – Sign in and Networking

     • 4:30pm to 6:00pm – Presentation and Q&A

     • 6:00pm to 6:30pm – Networking and Close

 

To register for individual events, click on the links below:

Part I - The Operator – Noble Energy - March 2

Part II - The Fabricator – Kiewit - March 9

Part III - The EPC – Technip - March 23

Part IV - The Consultancy – IPA - March 30

 

These events will be presented by industry recognized experts from the oil and gas community.  They are perfect opportunities for either an introduction to project management, a refresher for the more seasoned individual, or just a great networking opportunity for those involved in this arena.

The PF&C Study group appreciates the support of our SPE-GCS members and we look forward to seeing you there.

Organizer Bryan W. Marlborough

When?

Wed, Mar. 30, 2016
4 p.m. - 6:30 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.
Event has ended

Where?

Texas A&M Mays Business School at CityCentre
842 W . Sam Houston Parkway North Suite 200
Houston, TX 77024
United States

Parking in CITYCENTRE garages is free.
Valet parking at either Hotel Sorella or Capital Grille is $8.


Click Here for Directions and Map.

Refund Policy: You must notify the SPE-GCS office of your intent to cancel at least 24 hours prior to the event date to receive a refund. For all refund inquiries, email spe-gcs@spe.org. View our Terms & Conditions for more information.