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Managing Complex Capital Projects in the 21st Century: Paradigm Shift in Project Management

16 – 20 February 2014

Bali, Indonesia | Sofitel Bali Nusa Dua Beach Resort

Technical Agenda

Monday, 17 February, 0830-0930

Session 1: Introduction/Opening/Keynote Address

1000-1200

Session 2: Panel Session on  “Managing Projects—Cross Border in ASEAN Community”

A panel consisting of world-renowned industry experts will share their experiences, views, ideas, and knowledge in managing complex capital projects and discuss what the future may hold for the industry. Panel members will consist of government representatives and project management experts from oil and gas companies (NOC/IOC) and the service industry. This session will be interactive and open to the floor.

1300-1500

Session 3: Large Scale Development and Capital Investment

Arguably, large scale developments in oil and gas capital projects present numerous complexities and challenges. These hurdles vary from types of development, weather and environment, water depth, distance from export terminals for upstream, processes, and type of hydrocarbon or resources.

This session attempts to share the lessons learned from project management as well as the execution of complex projects in deep water, from the conventional contracting strategy to FEPCIC. Projects presented will be from various deep-water experiences in the region and around the world.

1515-1715

Session 4: Multiple Stakeholders with Varying Expectations

It is rare for any major project to have a single stakeholder. In most cases, there are multiple stakeholders, be it internal (within the company) or external (government, NOCs, etc.). Each stakeholder will have its own expectations and requirements which need to be addressed; therefore, in order for a project to be successful, it is imperative to ensure good alignment of the project objectives, strategies, tactics, and plans amongst the stakeholders.

This session will allow the presenters to share their experiences, key strategies, and findings to gain stakeholder alignments.

Tuesday, 18 February, 0830-1030

Session 5: Complicated Interface Management

An ideal project interface management has always been one of the main challenges in executing projects to plan. Project interface management is wide and comprehensive; this session will include interface issues encountered in integrated multiple small fields, brown field upgrades, and mega capital projects.

This session will also address, among others:

  • The tools used in project interface management.
  • The sharing of experiences encountered in mega and complicated projects.
  • The keys to successful interface management and how it is measured.

1045-1245

Session 6: New Technologies

With the evolution of technology, oil companies have been progressively exploring new opportunities outside of their traditional capacities, including divergent plays (e.g. deep reservoirs, sub-salt basins), venturing in new frontier regions and countries, different operating environments (e.g. deep water, uncertain weather patterns), as well as unconventional hydrocarbon resources (e.g. coal seam gas, shale gas). The approach taken in implementing new technology varies greatly; it is important to take calculated risks, especially in considering technical suitability, HSE concerns and costs.

This session will address, among others:

  • The sharing of various technology perspectives, including their adoption, HSE considerations and economic viability.
  • Lessons learnt and new, alternative methodologies which would greatly benefit participants in their respective work areas.

Wednesday, 19 February, 0830-1030

Session 7: Project Resources and Logistics—Managing Complexity

Project resources encompass all items necessary to execute project activities, including manpower, equipment, material, facilities, and budget. These inter-related elements need to be efficiently and effectively managed to ensure a project’s success. In today’s highly competitive and complex business environment, the availability of resources is fast becoming a real challenge. As oil and gas companies venture into new frontiers and unchartered territories, logistic planning is never more crucial in the deployment of project resources. Comprehensive, long-term planning is therefore imperative to secure these resources and ensure the sustainability of future development plans.

This session will address, among others:

  • Managing resources in complex projects.
  • Mitigating the scarcity of resources in today’s competitive world.
  • Logistic planning and execution in challenging environments.

1045-1245

Session 8: Aggressive Schedule

The common challenge revolving around complex capital projects is the inevitable need to deliver a project on time. Various strategies and concepts are continuously being developed and implemented to manage and control the risks resulting from “aggressive schedules”, in order to avoid potential delays in project delivery.

This session will address, among others:

  • Different concepts and strategies in mitigating risks resulting from fast-tracked projects.
  • Sharing of different methods in executing projects.
  • Lessons learnt from past accelerated project developments—“Tried & Tested”.

1345-1545

Session 9: Marginal Economics—Improving and Protecting Project Value

As oil and gas companies struggle to meet the energy demands of the future, there is a pressing need to reconsider developments that were previously found to be uneconomical. This can be done through: the extension of an existing field life, cost reduction initiatives, as well as changing one’s development strategy. These approaches present their own challenges in managing and protecting project value.

This session will address the following topics:

  • Facility rejuvenation projects
  • Managing projects for secondary and tertiary recovery
  • Low-cost facility concepts
  • Standardisation and novel execution strategies
  • “Explore whilst developing”—Flexibility and change control

1600-1800

Session 10: Managing Risks

As oil and gas companies have begun to progressively discover opportunities in unfamiliar territories in search for more reserves, challenges of executing projects in these countries present significant risks (e.g. financial and business risks) that may not be present in typical projects. Creative and innovative solutions are necessary to manage these complexities where one is required to work outside his or her comfort level, especially in adverse environments where a high level of contingency is embedded.

This session will address the following:

  • The review of multifaceted risks encountered in previous and current projects, which add to the complexity of executing a project.
  • The sharing of challenges encountered in cross-boundary projects, where the alignment of multiple regulations and expectations were vital in ensuring successful project delivery.

Thursday, 20 February, 0830-1030

Session 11: Breakout Session

This session encourages participants to share their experiences and lessons learnt through interactive discussions on selected topics.

1045-1145

Session 12: Breakout Session Presentation

1145-1230

Session 13: Summary/Wrap-up