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Oil & Gas Training. Drivers. In this section, participants will:. Global Upstream. Region. Business Unit. Asset Team. Field or Play Operations. Upstream Planning Model. Corporate Strategy. Scenario Planning & Testing Portfolio Management & Optimization Capital Allocation
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Oil & Gas Training Drivers
Global Upstream Region Business Unit Asset Team Field or Play Operations Upstream Planning Model CorporateStrategy • Scenario Planning & Testing • Portfolio Management & Optimization • Capital Allocation • Strategic Scorecards External Investment Opportunities • Primary Owner(s) • Upstream Leadership • Regional Leadership • Business Unit Leadership • Asset Team Leadership • Operations Management Capital and Scorecards Internal Investment Opportunities Asset / Operation Management
Long Range Planning Timetable 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Corporate Strategic Outlook ExCom Message Strategic Outlook Reviews Cross-Functional Business Reviews Financial Plan Annual Performance Review Annual Performance Commitments (Scorecards) Ongoing Review of Performance / Internal & External Reporting
Strategic Planning Group: Key Functions • Manage the strategic planning process • Long-Range Financial Model Roll-up. • Scenario Planning / Peer Reviews • Asset Characterization • Corporate Assumptions and Budget Bases • Business Assessments • Key Issues Champion/Advisor • Executive Committee Presentations • Strategic Business Intelligence / Competitive Analysis • Shareholder / Government Relations • Business Unit Contact • Performance Analysis • Knowledge Management: Capital Project Efficiency / Decision Management / EHS / Economic Consistency Network / Reserves and Resources • Asset Enhancement • Portfolio Management • Global Acquisitions and Divestments Portfolio Evaluation
Upstream Value Chain & Asset Lifecycle The Strategic Planning Process must focus on the Upstream value chain and asset lifecycle Asset Acquisition Asset Life-cycle Value Vs.Time Exploration Drill & Complete Production Asset Divestment