Future Working Zone, PETEX 2017

Ed Evans, New Digital Business Ltd

2017 Challenges

• Continued low oil price?

• Capability drain

• Sustainability

• Access to Capital

What strategies can be implemented?

Digital Transformation

• A key strategy for company survival

• Building links between different initiatives

• Purposeful, directed by the business

• Exploiting technical developments

• Developing competence

Cultural change underpins transformation – otherwise you’re just doing the same things with shiny new kit.

Already happening …. Somewhere else

• Cloud

• Internet of things

• Big Data

• Analytics

• Converged Platforms

How do we grab some of the innovation?

Lack of joined up thinking …

• Project failure

• Selection of software

• Capture of workflows

• M&A activity

StandardReasonsProjectsFail,(ProjectManagementToday,march2014)

HarvardBusinessSchool,

1982

NationalAuditOffice,2013

OGC,2013

UnclearObjectives

PoorLeadership Wrong

Team

PoorStakeholderConsult’n

PoorCommunications

IneffectiveControls

PoorPlanning

Unrealistictimelines

Cultural Change • Leadership and Sponsorship

• Roles and responsibility

• Generic and Technical computing

• Supporting the E&P process • Task

• Corporate memory

• Built by technocrats

• Pragmatic

• Appealing work practice

• Overcoming barriers

Pendulum swing?

‘Agile’ changes an

industry, 2001

An Agile Oil Company?

• Processes/plans designed by the technical team

• Plan for changes to the plan

• Flat teams working on more ‘projects’, project approach

• Daily ‘stand-up’ meetings

• Simplify

• Self-organising teams

• Diversity for decision making

• More generalists – business not discipline focus?

Building Digital Competency Good news is that there are ready-made framework, short-cuts:

• Data

• Applications

• Process

• Governance/Leadership

“As we go forward, this transaction accelerates our capability to extend the digital framework to the oil and gas industry.”

Jeff Immelt, Chairman and Chief Executive Officer of GE.

• GovernanceandPolicy

• Process

• DataStandards

• Architecture

• RolesandResponsibili es

Typical Approach

DAMA

Digital Transformation is happening – it needs to be directed and actively managed:

• There are opportunities from Digital transformation

• Need a digital strategy for the most benefit

• Need an adaptive culture

• Leadership needs to embrace digital

Recommendations: