It is my plan to keep you posted on all current developments and initiatives regarding M&I within SPE, but this time, I would like to comment on Management & Information and its associated disciplines.
First, a clarification for those not versed on the composition of the SPE Board of Directors. The SPE board has 6 technical directors, an Academia director, 2 at-large directors, and 18 regional directors representing global geographical regions with SPE local sections. The 6 technical directors lead the 6 main technical discipline areas in which SPE is involved, namely: (1) Drilling and Completions, (2) Production and Operations, (3) Health, Safety, Security, Environment and Social Responsibility, (4) Projects, Facilities and Construction, (5) Reservoir Description and Dynamics, and (6) Management and Information (M&I).
I am sure that most of our members do not have any doubts regarding the disciplines represented in five of the six areas above mentioned. No doubts about the meaning of Drilling & Completion or Production & Operations for example. However, regarding M&I, I was surprised to notice, since my nomination last year, how little our members know about it.
Since last year, when I was elected to the board, several times in informal conversation with members, colleagues from industry and even SPE staff, I was asked about the meaning of M&I. Also, I had several colleagues that assumed that M&I was an area of SPE dealing with Information Technology (IT) only.
Far from that—SPE M&I covers a range of subjects that are fundamental to our daily professional life, independently of one’s technical background in the oil industry. From Risk Management and Decision Making to Strategic Planning, from Asset and Portfolio Management to Energy Economics, from Information Management to Research & Development, M&I covers a variety of disciplines that are important and present in all areas of our industry. One area that I am particularly fond of is Professionalism, Training and Education. This important topic looks into aspects of Ethics, Personnel Competence, Professional Registration / Certification and University Curricula.
So, as you can see, our M&I technical area covers a variety of subjects that permeates through the entire industry and is relevant to most professionals. When you join SPE or when you update your profile in the SPE membership area you are required to choose a Primary Discipline. As an option, you may also choose a Secondary Discipline. I always tell my colleagues that if M&I is not your primary discipline, at least it should be your secondary since it covers an array of topics that are important to all others disciplines.
Our peer reviewed journal, SPE Economics & Management covers resource and reserve evaluation, portfolio / asset management, project valuation, uncertainty / risk assessment, benchmarking and performance indicators, information management, digital energy and petroleum economics. Active Technical Sections that cover subjects of M&I interest are Digital Energy, Petroleum Data-Driven Analytics (PD2A), and Research & Development.
Now that you have a good idea about M&I, I invite you to get more involved. Join our M&I technical discussion at SPE Connect. Join or get more involved with our technical sections. Submit a paper to our journal. Your participation is important and always welcomed.
I will “talk” to you again next month. Meanwhile feel free to write me anytime at email@example.com.
SPE Director for Management and Information