Process Review: Improving Exploration Performance
Our client was a global, integrated exploration and production company. The head of Global Exploration-Portfolio commissioned us to conduct a process review. We were also asked to provide recommendations that would address the challenges they were experiencing in maintaining and improving exploration performance, and in streamlining the process of evaluating exploration opportunities.
Our consultants held a series of working sessions with the technical teams within in each business unit, along with the exploration manager and the leader of the business unit. We then developed a report and reviewed it with each business unit, highlighting strengths and weaknesses of
- The portfolio for the business unit
- The prospect generation process and the review process
- The tools available to support these processes
After analyzing the challenges facing the company, we provided recommendations to the Vice President of Global Exploration. Our work enabled the client to directly address several significant issues. We provided specific recommendations for streamlining the opportunity evaluation process. We also gave them a way to strengthen the lookback process. Our findings helped them refocus their process for technical review and quality control, and addressed the critical enhancements needed for the internally developed technical tools they used for prospect evaluation.
About the Aucerna Oil and Gas Strategic Consulting Group
The Aucerna Strategic Consulting Group is a world-class consultancy with the mission of supporting upstream decision makers through a broad spectrum of strategic and operational initiatives. Whether you need to conduct a strategic planning exercise in order to tackle a difficult problem, or to strengthen your internal planning capabilities, we can help.