How Can We Better Share and Leverage Expertise Within the Industry?
- Thierry Pilenko (Technip)
- Document ID
- World Petroleum Congress
- 21st World Petroleum Congress, 15-19 June, Moscow, Russia
- Publication Date
- Document Type
- Conference Paper
- 2014. World Petroleum Council
- 1 in the last 30 days
- 37 since 2007
- Show more detail
Much is being said about the increase of Capital Expenditure in our industry. Developments are getting larger while more projects are being postponed, putting the whole industry -both operators & contractors- at risk. This trend ultimately jeopardizes our economy.
Objective factors have been driving costs up: “easy oil” has become an exception, and cannot be relied on in the future. Tighter reservoirs, ultra-deepwater, harsh environments (Arctic), HP-HT (high pressure, high temperature) are fast becoming the standard for new developments.
Yet less objective motives have led to a rise in expenditure, and must be addressed:
- Flat not to say decreased productivity in our industry, mostly driven by a "big crew change" whereas other industries have kept improving their productivity continually in the last decades;
- Lack of integration of our supply-chain leading to rising waste and loss of opportunities, though other capital-intensive industries (automotive, avionics…) have enhanced their output thanks to a well-integrated supply-chain.
Knowledge Management and the way we both share and use expertise are key levers to tackle both challenges. Thierry Pilenko, Chairman and CEO of Technip, will address the following in relation to Technip and the industry’s latest developments and experiences, and show how the sector could do more to prevent Capex increase:
- How knowledge sharing can be structured to speed up time to full competency for our project & engineering teams, bridging the generation gap, allowing multi-center executions schemes and improving our productivity as an industry.
- How we could structure expertise sharing in multiple azimuths to better integrate the supply chain to ensure that:
- Operators and contractors work together from and early stage to share constraints and incentives on cost-effective & fit-for-purpose solutions;
- Operators and contractors optimize both Capex and Opex aspects, through better and shared data management;
- Contractors and their supply chain work seamlessly to avoid reworks and share best practices, based on innovative collaborative tools.
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