September | 2013
The Exploration and Production industry today faces tough business as well as operational challenges. There is a constant pressure to maximize production and reduce cost to improve -financial performance. At the same time, as assets get older, their performance changes in the form of high GOR, increased water cut, sand production, and increased pressure fluctuations.
In such a business environment, there is a need for high focus on continuous reliability improvement to sustain uptime and ensure high level asset integrity. Though E&P organizations usually do have some form of Reliability Improvement Processes (RIP), they suffer from some common issues related to information and knowledge management, collaboration and work flow inefficiency. These issues are known to impact efficiency and effectiveness of RIP, and prevent organizations from realizing the maximum value from their reliability improvement initiatives.
Based on my experience with several large business process transformation initiatives across various E&P organizations, I believe these issues can be addressed with a holistic transformation program. Here I’m revisiting some key principles, not in any particular order, that are common to successful business process transformation:
Some of these may sound obvious or clichéd but surprisingly a few of them (if not all) are ignored or underestimated in many critical business transformation programs with unsatisfactory results.
Can you think of other ways through which E&P companies can build successful business transformation programs
Hemant Kumar heads Upstream, Oil and Gas business for India, Middle East and APAC regions as part of Wipro’s Energy Natural Resources and Utilities business unit. His focus is building industry-aligned solutions & competencies in the areas of Digital Oil Field, Workflow Automation and Data Management. Hemant has over 14 years of upstream industry experience in both core and consulting domains. He started his oil and gas career with a large Indian NOC, working in offshore fields managing production operations. As an upstream IT consultant he has been helping oil and gas clients, globally, implement IT solutions in the areas of Production Surveillance, Optimization, Real Time Operations and Well & Reservoir Management. Hemant is a regular speaker at industry forums and has published several white papers and articles related to role of IT in transforming Upstream Oil and Gas industry.
Hemant has a degree in Mechanical Engineering from IIT Roorkee and MBA in Operating & Marketing from IIM Kozhikode.
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