The Final Frontier parses the evolution of the oil and gas sector to map out a plan for going forward. The global energy industry is huge, and it is in disarray; between low oil and gas prices, climate change, rising development costs, and ever-mounting regulations, the need for change has been made crystal clear—but planning is much easier than implementation, and stasis is not progress. This book shows how redesigning internal operating models can bring about the necessary change in the implementation of upstream capabilities-driven strategies. From integrated, national, major, and independent oil companies, to the service companies in the upstream supply chain, there isn't an enterprise in the sector that cannot benefit from reduced costs and increased efficiency. Knowing that change is necessary is not enough—this book shows you what to change, and how to change it to get off the treadmill and start moving forward.
With expert guidance through each redesign element, this insightful guide provides more than simply ideas: it provides real, practical guidance on transforming operations to keep pace with the changes and create lasting advantage.
- Identify the most relevant organizational capabilities for your resource portfolio, as well as the changes that can translate into savings and efficiency
- Build a workable plan for real-world implementation
- Redesign the operating model most suited to the needs of your business on an organization-wide basis
- Learn what to do differently and how to do it differently
The energy industry has made great strides: our understanding of the global resource base, the nature of ownership and principal stakeholders, new technologies for resource development, and our economics and business models have all undergone a tremendous revolution, but now the more difficult—and more valuable—task begins. The Final Frontier helps you navigate the future and implement the changes necessary to avoid getting left behind.
Keywords: energy industry; oil industry; gas industry; energy sector; E&P company; energy industry changes; upstream strategy; upstream capabilities; operational redesign; implementing organization-wide change; oil and gas sector redesign; increasing operational efficiency; reducing operational cost; energy industry operating models; energy industry operational excellence; oil and gas operations; global energy industry evolution; future of oil and gas; oil and gas enterprise models; transforming internal operations; The Final Frontier: E&P's Low-Cost Operating Model; Justin Pettit