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.