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Schroder Bank / Prudential Survey

Schroder Bank / Prudential Survey. Key Performance Indicators (KPI): Adjusted production costs DD&A costs Production income per BOE Quality of earnings Cash Flow Production replacement ratios F&D costs Discounted FNCF Upstream returns Total Ranking: Running 5-year Averages.

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Schroder Bank / Prudential Survey

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  1. Schroder Bank / Prudential Survey • Key Performance Indicators (KPI): • Adjusted production costs • DD&A costs • Production income per BOE • Quality of earnings • Cash Flow • Production replacement ratios • F&D costs • Discounted FNCF • Upstream returns • Total Ranking: Running 5-year Averages Rose & Associates, LLP

  2. ’94-’98: 65% BEST MID WORST ’89-’93: 53% KEYS TO IMPROVING E&P PERFORMANCE 1994-1998 GROUPS 80 60 % PRODUCTION REPLACEMENT VIA EXPLORATION 40 • INTEGRATED GEOTECHNICAL TEAMS • SYSTEMATIC / PROBABILISTIC • CENTRAL COORDINATION 20 1 2 3 4 5 6 COF, $ / BOE Carragher, 2000

  3. COMPANY INSTITUTES CONSISTENT RA OF E&P PROJECTS, CENTRAL COORDINATION OF PORTFOLIO DECENTRALIZATION CAUSES DECLINE OF CENTRALLY COORDINATED E&P PORTFOLIOS, SYSTEMATIC PROSPECT RA, & POST-AUDIT REVIEWS COMPANY ANNOUNCES RETURN TO PREVIOUS E&P MANAGEMENT PROCEDURES Schroder Bank / Prudential Survey A Rose & Associates, LLP

  4. START OF ALL STAFF TRAINING & ADOPTION OF SYSTEMATIC RA PROCESS FOR ALL E&P PROJECTS #1 PERFORMER FOR 2 YEARS INTENSIVE COMPANY-WIDE SOUL-SEARCH & REORGANIZATION AFTER POOR PERFORMANCE CONSISTENT RANKING OF E&P PROJECTS USING CENTRALLY COORDINATED PORTFOLIO Schroder Bank / Prudential Survey B Rose & Associates, LLP

  5. LOSS OF CENTRALLY COORDINATED E&P PORTFOLIO THROUGH RE-ORGANIZATION & DECENTRALIZATION SUSTAINED CAMPAIGN FOR CENTRAL COORDINATION OF E&P PORTFOLIOS, SYSTEMATIC RA, POST-AUDIT REVIEWS RIGOROUS HQ CONTROL OF E&P PROJECTS, SYSTEMATIC RANKING Schroder Bank / Prudential Survey D Rose & Associates, LLP

  6. ID OF WORLD PETROLIFEROUS BASINS W LARGE FIELD POTENTIAL APPLICATION OF STRATEGY W / RA, HQ COORDINATION, TECHNICAL PERFORMANCE MEASUREMENT, & ACCOUNTABILITY Schroder Bank / Prudential Survey NEW CEO DESIGNS FOCUSED STRATEGY F Rose & Associates, LLP

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