If you missed the event sponsored by the General Meeting Study group, view the podcast here!
Huge capital costs, operating costs, and environmental exposure make the upstream oil and gas business a naturally conservative system. Innovation is recognized as necessary, but how does one fit these creative and "random" activities into the overarching conservative backdrop? Recognizing this incongruity is the first step and Systems Thinking is useful to provide the context for innovation in an upstream oil and gas company. Construction of an innovation process, database, and measures is essential, not only to manage such activities but also to communicate progress to senior management and validate innovative efforts. A simple process and its execution will be discussed using an example project. A method to involve producing asset staff will be described. Examples that illustrate proper and improper fit of innovation projects in one medium-size oil company's portfolio are quite educational and lessons learned can be translated to foster innovation in your company, be it small or large.
Right click and choose 'save target/link as' to Download “Innovation in the Oilfield” podcast. This is a very large file of approximately 640 MB of data. It will take approximately 5-10 minutes on a high-speed connection.
To view the podcast you will need a video player. You can either download the podcast file to your video iPod or, you can load iTunes for free onto your computer. iTunes is similar to Adobe Acrobat Reader which is needed to view a .pdf file. iTunes is used to listen and watch media files. Here is a link to download iTunes. If you have questions about what a podcast is, you can read about it on Wikipedia.