Monday, November 13
In the present low oil and gas scenario offering scalability to deliver a project achievable, practicable and with acceptable economic results is a great challenge. The drivers are;
- Project and organisation objectives
- Alignment of stakeholders (both internal and external)
- Regulations compliance
- Is it resilient?
- How resilient is the project to changing market condition (amending the process to the changing conditions and integrating them)
- Identifying partners
- Identify internal and external stakeholders and managing interfaces
- Interfacing with regulators and local authorities
- It is important to know and identify the local regulation requirement and one of the primary objective of the deliverability is to integrate these requirements into Project Execution plan.
As the human factor is integral to any project’s success, this session explores how to establish and optimize human resource management for a project to ensure its success. The project team should be fully integrated through subsurface, surface and business partners to ensure the project team is a focused and vibrant organization that delivers both operating and capital efficiencies as well as healthy cost management. Topics for project team preparedness include:
- Project specific workforce requirements and streamlining work processes across multiple locations
- Capability development
- Strategic communication plan
- Logistical structure
- Data management
Survival mentality in the downturn of oil prices resulted in deferrals or cancellations of long cycled, gold plated, complex projects, as well as massive layoffs of the industry’s more
experienced workforce. Dynamic international geopolitical landscapes continue to influence our ever sensitive global O&G industry, affecting project sustainability and costs.
Local host authorities implemented tighter project controls, increased local content project participation and stricter production contract and environmental terms. The oil supply glut is here to stay as unconventional producers continue to implement cost reduction and process optimization strategies that sustains its commercial viability even within crude price range of USD40 – USD50 per barrel.
This session will address the following topics:
- Headcount to Recovery: Managing the new Millennials in Oil & Gas
- Shifting geopolitics: Riding its wave and coming out on top
- Facing it head on: Short Cycled, Short Termed, Modular, Low Risk & Lean Projects Approaches
- Stricter project controls: Achieving win-win strategy in the local host authority chess plays
Tuesday, November 14
This session will focus on new tools, technologies and process that will deliver resilient integrated project management. The session will cover daunting challenges faced by projects as they become increasingly complex with new technology, hence new processes and new tools are required to ensure success. The various locations of projects demands smooth and flawless integration. The low oil price environment further escalates the requirement to remain within schedules and budget, while meeting stakeholder’s expectations. Pressure builds up since all eyes are on the world first state-of-the-art facilities. This session will expand on the approaches taken, sharing of best practice based on experience of various parties in handling harsh low oil price situation.
An integrated project will include multiple partners with different responsibilities who may potentially measure their individual success differently from the overall goals of the project. Integrating interfaces and aligning the performance expectations across the project phases is crucial to ensure the success of the project. Hence, it is important to set the project deliverables and required assurance & benchmarking reviews at the beginning of the project.
This session will address measuring success with the following topics:
- Complex projects: integration from start to close-out
- Project benchmarking, how it can be used?
- Project case studies:
- Malikai Tension Leg Platform, by Shell
- Badamyar Project by Soe-Thaung Myint, Operation Manager, Total E&P Myanmar
The inclusion of regulators in the successful execution of integrated project is no longer something to be added later by operators as an afterthought, as the process and, especially, the timing taken for the permission and resources needed to fulfil regulatory requirements can impact the delivery of projects quite significantly. This session will showcase projects where effective interfacing with regulators have given the project the aspired results as well as how the regulators themselves find ways to make their regulations can assist in safeguarding their national interest while still become a crucial (and helpful) component in the integrated project timeline. Decommissioning in particular is currently one of the hot big government related issues in SEA which specific rules and procedures has been somewhat uncertain. This session will share and discuss the development, benchmarking, and challenges of decommissioning process in term of technical, safety & environmental, legal, and financial aspects to achieve the desired policy objectives. We will also discuss and hopefully come to an alignment where regulatory aspirations (such as nationalisation, NOC involvements) are included in integrated project planning and provide win-win situation for both regulators and the operators.