Reservoir: Operational Excellence in O&G Upstream: What is it and how to achieve it?

Speaker Pedro Caruso
Pedro Caruso is a partner at Bain & Company, based in Houston, TX.  He works with Oil & Gas industry executives to define their companies’ strategies and transform their operating models and organizations to deliver on the expected benefits.  In addition, he also helps industry executives find and capture performance ...

Pedro Caruso is a partner at Bain & Company, based in Houston, TX.  He works with Oil & Gas industry executives to define their companies’ strategies and transform their operating models and organizations to deliver on the expected benefits.  In addition, he also helps industry executives find and capture performance improvement opportunities.  Pedro has worked across the Oil & Gas value chain, including seismic, upstream capital projects, refining, supply & trading, marketing and fuel retailing.


Apart from consulting, Pedro worked at Petroleos de Venezuela and Kuwait Petroleum Corporation, two of the largest National Oil Companies in the world.


Pedro holds a MBA from Columbia Business School, a MS in Finance from IESA, and a BS in Chemical Engineering from the Universidad Simon Bolivar. He graduated with honors in all three instances.


Pedro is originally from Venezuela, and has been living in the U.S. for over twelve years.

Full Description

Operational Excellence (OE) is often, and inaccurately, used in the industry to refer to a variety of desirable attributes. Some executives use it to speak about high levels of operational integrity or safety, others to being top quartile in costs or efficiency, and yet others to the ability of continuously improving over time. All these attributes can be outcomes of achieving OE but hardly define it. Operational Excellence is a structured way of working that translates clear aspirations into systems that are repeatedly applied to achieve ever improving performance. Anything short of a systematic way of working cannot translate into sustainable top results, period.

Some companies already have years of experience in applying systematic ways of working to different degrees of success. Furthermore, many companies run parts of their operations in this way, but have not managed to transfer these skills to other places. Others have tried to apply what works well in one place to another without recognizing that some practices are just not transferrable or that there is more than practices and procedures to changing ways of working. Whatever the starting point, chances are that there is still significant room to get better; to reach Operational Excellence.

 In this session, Pedro Caruso, a partner at Bain & Company, will share experiences across the industry on improving performance and building system to reach OE.

Organizer Rafael G. Barroeta

When?

Tue, Dec. 2, 2014
11:30 a.m. - 1 p.m. US/Central

How Much?

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Where?

Petroleum Club
800 Bell
Houston, Texas 77002
United States

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