PF&C 4-Part Spring Series - “Improving Project Efficiency at Less Than $50/bbl”
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?
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 on Wednesday March 2nd will be presented by the Operator, Noble Energy and will discuss projects as viewed by the Operator and how the Operator owns the complete project life cycle from lease sale to abandonment. The presentation focuses on project leadership as opposed to the function of project management.
Part II on Wednesday March 9th will be presented by the Fabricator, Kiewit and highlight Trust along with The Dark Side of project execution. Trust promotes communication, a high level of collaboration, great morale amongst all participants, and significant opportunity to reduce costs and shorten schedules. The Dark Side however, causes overruns due to late deliverables, delayed critical equipment, frustrated clients, massive carryover work, and challenges to reputations.
Part III on Wednesday March 23rd will be presented by the EPC, Technip and discuss recent bidding trends for the Gulf of Mexico. Sub $40/bbl oil prices are forcing oil companies to revisit historical execution models, be it company work processes, standardization, project cycle time, contracting strategy operational philosophy or execution methodology. Recent trends for project execution will be compared to historical executions and the associated opportunities for overall project savings will be discussed.
Part IV on Wednesday March 30th will be presented by the Consultancy, Independent Project Analysis (IPA) and will bring all the aspects of successful project management together. As the final event in the series, it will focus on 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.
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.
Texas A&M Mays Business School at CityCentre
842 W. Sam Houston Parkway North Suite 200
Houston , TX 77024