"Capture the extra barrel of oil that others leave behind."
Gord Shmyrko
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The Business Operating System and Our Guarantee...
Any company that adopts our Business Operating System will increase production,
reduce costs and build stronger teams...our customers have proven it and we guarantee
it. The Business Operating System includes integrated field reviews, operating
cost optimization and the Top-10 Process.
The Challenges in Oil & Gas…
Oil and Gas companies face significant challenges in today’s competitive
market….mature assets, changing economics and government policies, and limited capital.
These external pressures are compounded by demanding shareholders and growing environmental
and regulatory pressures.
Organizational Challenges…
Internally, organizations are facing high transition of staff and leaders, and too
much work for limited resources. Organizational boundaries or silos are set up naturally
among operations staff, technical staff and shared services, creating natural barriers
to effective communication. Mix this with a high pace, high stress environment and
you can quickly fall victim to reactive management, unclear expectations and adhoc
communication. Staff become disconnected and misaligned…all the horses are not pulling
in the same direction.
The Result…
The outcome of reactive, misaligned organizations is a direct impact on
volumes, costs and your bottom line. Symptoms include missed targets and deliverables,
high staff transition, consistent operating cost and capital overspending, work
duplication and rework, as well as overworked and frustrated staff.
How do companies deal with these challenges? They try to find the right leaders
who can naturally align their teams….not so easy with constant transition of staff
and limited leadership candidates. Others focus on organizational processes, or
bottom line accountability and reporting, often hiring a plethora of consultants
or committing to a new technology that promises the ideal fix….unfortunately very
few achieve the desired results or create the desired long term change that can
sustain these results. The successful companies are the ones that combine the right
organization processes, with the right leadership skills, and the right technology
to help your staff deliver on plan.
What Does Success Look Like…
In an aligned organization, each staff member, team leader, manager, and executive
is connected to the goals and strategies of the organization and knows how their
group contributes to the whole. They are personally committed to the plan because
they were involved in creating it. Each group is focused on their ‘Top-10 priorities’,
a visible list with clear deliverables and accountability. Individuals are clear
on what they need to deliver by when, and their team is committed to helping each
meet their commitments. Priorities change to adapt to the changing environment and
new learning. Regular reviews are held to ensure that ‘we do what we say we are
going to do’…no one hides from accountability in this organization, no one wants
to.
In these organizations communication is not accidental, but carefully planned through
a series of coordinated meetings….effective meeting rhythm is the key to ensure
everyone contributes to and stays connected to the plan. A key characteristic of
these meetings is the candid, open discussion that occurs…they are anything but
boring. The plan is visible and dynamic and not gathering dust on a shelf. There
is one version of the truth…and information from the plan is readily available for
all to see….everyone contributes to keeping it up to date. New team members quickly
get up to speed on the strategies, goals, priorities and their accountabilities.
Corporate memory is preserved in transition. Staff and leaders will say, "this is
the best team I’ve ever worked on.”
The Top-10 Process…
In the Top-10 process, every group and every property conducts annual strategy sessions.
They bring in outsiders and shared services to help them understand the Strengths,
Weaknesses, Opportunities and Threats of their team and their assets. They come
away with a shared understanding of their current state and a shared commitment
to their future state, as well as what they need to deliver in the next quarter
to be successful in the future. These groups then meet quarterly to lookback on
their commitments and to realign their deliverables for the next quarter. Monthly
Top-10 meetings are held to review the priorities along with new ideas and opportunities.
They focus on the critical work…working as a team to mitigate barriers and clarify
actions. On a weekly basis, teams meet or report on an exception basis.
The key to the Top-10 process is regular meeting rhythm, strong leadership that
creates open conversation, and the Top-10 Software called PEAK. Every team maintains
their goals, milestones and work plans in the Top-10 Software. There is a symbiotic
relationship between process, leaders, and software that is required to achieve
success and a new level of performance…we call it our ‘secret sauce’.
Integrated Field Reviews and Operating Cost Optimization Workshops…
In Oil and Gas, integrated teams also need to meet regularly to focus on
the technical and business understanding of their assets. The Integrated Field Review
or IFR and Operating Costs workshops not only help identify exploitation opportunities
to increase volumes, reserves and optimize costs, they help to develop the strategy
for the asset including acquisitions and exploration opportunities These processes
were created and are owned by Advantage Energy Services…our sister company that
has generated over $1 billion of value for their clients. The frequency of these
meetings vary depending on the complexity of the assets, typically once per year,
and up to once per quarter. Tecskor facilitates and helps you deliver these processes.
The Top-10 Software called PEAK is used to capture opportunities and actions from
these workshops and become embedded in the Top-10 process.
If you are not holding regularly integrated field reviews and operating cost workshops
that include field operations, it is likely that you are not identifying or capturing
all the opportunity…you are leaving money on the table.
The Top-10 Process, Integrated Field Reviews, Operating Cost Optimization are
all part of all our Business Operating System. Commitment to this system will help
you…
- develop and remain connected to asset management and business plans
- focus on the highest value priorities and deliverables to achieve plans and meet expectations
- break down barriers across the organization to help groups deliver on common goals and strategies
- proactively identify and mitigate strategic risks to avoid missed expectations
- put in place processes that generate opportunities to drive production and reserve optimization and growth
- focus operations staff on their cost drivers to continuously optimize performance
- execute capital more efficiently to achieve expectations while staying within budget
Call Tecskor at 1-(888)-832-7567 or sales@tecskor.com
to see how we can help you deliver your plans.
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View our Oil and Gas Brochure |
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