Proven broad & deep track record

IM Strategy for Global E&P Operator

Venture was invited to provide IM experts to participate in an integrated team to establish the client’s IM Strategy for E&P over the next 3-5 years. Our consultants ensured that facilities engineering, maintenance and production operations aspects were fully included.

Background

The operator had experienced a number of failings in its management of operational information and also recognised the need for a better, common governance regime across all information types, business functions and geographies.

The IM Strategy Project was commissioned to provide guidance on all aspects of Information Management for the next 3 – 5 years.

Process

A comprehensive set of structured interviews, covering many asset and functional teams, established the current situation. This included all key data groups, specific data types and how they are currently stored and managed by the various teams and disciplines. Both good practices and problems were identified and analysed to recognise the opportunities and risks to the business.

The team’s experts aligned industry best practices in each of their domains, including seismic, wells, logs, reservoir, drilling, facilities, maintenance and production. Together they defined the target future operating model and governance regime, including:

  • Data architecture and model
  • Improved data entry, capture, storage and sharing
  • Better data integration and interoperability across asset teams and functions
  • Additional standards and guidelines required - Future support and service requirements
  • Approach to essential cultural change.

A plan for change was delivered, based on both business priorities and the underlying building blocks of the strategy.

Benefits

The results equipped the client to progress towards a future environment that will provide approved information to all who need it. Activities were included to effect and sustain the required cultural changes. Current and future IM, IS and IT initiatives can now be aligned with the strategy and plan.

The results will enable both safer operations and a more profitable business. 

Client Spotlight

NEXEN
Nexen

Venture has an extensive history of successful delivery of information management solutions to Nexen.