Oct. 14, 2014


Description

Incredibly the average E&P asset development over the past 15 years has had a generally dismal outcome and has delivered only 60% of the value (NPV) that it promised at sanction. Due to the increasing technical complexity and to some extent the demographics of the industry – both ours and our supply chain providers in EPC industry – we find ourselves unable to make consistent and robust profits on new field developments. The world of E&P developments is seriously challenged and if we do not change, things are likely to get much worse.

This presentation will look at recent records of delivering E&P asset developments and their performance. We will assess how we have chased volume over value. We will then investigate what are symptoms of the problem – chasing the wrong value levers and in turn destroying production and reserves recovery. We will discuss issues such as speed over value, portfolio management in today’s context and whether the state of our EPC supply chain helps or hurts our projects. However, we will focus our attention on what we believe to be the real root cause of our performance and the changes needed in our approach.

E&P asset delivery takes a great deal of cross-functional work and cooperation and that is not being delivered. We will end the talk by discussing a possible solution – creating business accountability in the form of an Asset Development Manager – a Chief Integrator if you will – who is actually responsible for integrating this complex puzzle and delivering barrels.

 

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


Featured Speakers

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



Organizer

Brad Nelson

Phone:  832-230-8246


E-mail:  bnelson@maxoilsolutions.com


Date and Time

Tue, Oct. 14, 2014

4:30 p.m. - 6 p.m.
(GMT-0500) US/Central

Event has ended

If you do not have a full-time job in the oil and gas industry, are a full-time student or Member in Transition (MiT) member, and you do not see a discounted registration fee for students/MiT regarding this event, please contact the GCS manager at spe-gcs@spe.org.


Location

Technip USA

11740 Katy Freeway
Houston, TX 77079
United States

Conference Room 2.21