Case Study
1 min read
A major oil company envisioned the development of eleven small to mid-size fields by bundling nine of them into “clusters” around three central processing facilities. The technical challenges of implementing the strategy were surpassed only by the business circumstances—the fields were owned by five major companies engaged in fierce competition in the area.
Successful execution of this plan required creating an economic model so robust that it could succeed in gaining sanction from all five companies. JMW was engaged to help them develop the strategy and transform competitors into partners.
JMW worked with the top forty senior managers from all five companies to develop plans for building the infrastructure and secure a financial agreement. Specific activities included analyzing over one hundred different infrastructure options, as well as aligning the senior management team around one plan moving forward. In addition, JMW assisted the team in establishing a strong strategic relationship committed to delivering first oil in a significantly reduced timeframe and at lower cost.
JMW continued its support in the project implementation phase by working with the integrated project teams to establish a project mission, charter, and conditions of satisfaction for project quality, integrity, HSE cost and schedule. JMW provided coaching, training, and facilitation to the project teams in setting and achieving stretch targets throughout design, construction, and completion.
The companies achieved sanction for the project in the remarkable span of one year. The partnership created among these five major oil companies completed the project with superior HSE standards—delivering oil two months ahead of schedule at $200 million below sanctioned costs.
