Strategic Operating Cost (OpEx) Management
An In-Person Training Course by Esanda.
In-House sessions are available upon request.
“We really appreciate your training course for us and we’ve got lots of knowledge from your excellent presentation. Thanks again and hope you find an opportunity to visit Beijing some day.”
– Li Huaiyin, Sinopec
- To understand how the SOM process methodology affects your business performance proactively and how to reduce OpEx costs
- To review how various Planning types integrate into dynamic business lifecycle models
- To understand when to apply strategic cost management at various phases of the E&P lifecycle
- To understand how Activity Based Cost (ABC) modelling provides transparency to challenge the cost drivers
- To be able to conduct a Strengths Weaknesses Opportunities and Threats (SWOT) analysis to assist in scenario and “what-if” modelling
- To be capable of conducting asset performance reviews
The Course Is Designed For:
This course is designed for participants who are new to Strategic OpEx Management (SOM) and those who have been operating in an Asset, Operations, Maintenance or cost/planning role for some time but would like to update their knowledge to the latest proven techniques in SOM/asset management practices.
- Asset/Operations/Maintenance/SOM Project Managers
- Finance Managers
- Heads of Department
- Team Leaders/Supervisors
The principles in this course, although focused for upstream oil and gas, are equally applicable for downstream and utility businesses.
Terry Hancocks is a Chartered Engineer and a Fellow of the Institution of Mechanical Engineers with over 35 years of experience in the Operations and maintenance of new and existing oil and gas fields. Most of his career has been with Shell, with shorter periods in ENI and as Managing Consultant with IHS.
Terry has gained a great breadth of knowledge with many IOC and NOC companies covering all Operations disciplines involved in hydrocarbon operations fields during his career. Building on his education in Mechanical Engineering he has worked in various Operations and Maintenance roles at all levels including the first Maintenance Director for Shell Groups worldwide training in The Hague.
International experience includes:
Angola; Brazil; Holland and Norway; Kazakhstan; Malaysia; New Zealand; Nigeria; Oman; Russia; Tunisia; United Kingdom; United Arab Emirates, USA (GoM); Venezuela
During his many overseas postings and assignments Terry’s experiences included:
Maintenance benchmarking: identifying the areas of strength and weakness based on a tried and tested /proven Asset Efficiency Optimization (AEO) Model.
Performance Management and cost reduction reviews
Operational Readiness and Assurance including Project to asset handover processes,
Integrated Activity and shutdown Planning,
Asset Reference Plans (ARP) and Maintenance (MRP) including Activity based OpEx Costing (ABC), and responsible for IHS OPE$T model development
Late life optimisation plans, Focused asset Integrity Reviews (FAIR) and collaborative working with Peers
Strategic Opex Management (SOM)
E&P economic environment
Strategic OpEx Management
E&P Life cycle and components of SOM
Company’s business and corporate planning models
SOM Planning and Management of Risk Process
Introduction and importance of planning types (Tactical, Operational and Strategic)
Discussion and examples of the various planning types
Alignment with Life of field (Asset) plans
Activity Based Costing in the SOM process
Risk Management in SOM
Venture life cycle concepts
SOM and Life of Field Manuscripts
Collaborative team working and individual roles
Business Plans and Asset environment
Alignment with Operations strategies
Life of Asset key events calendar and strategic reviews
SOM Performance Management
Asset performance and Value driver models
Target setting and benchmarking Operations performance
Cost reduction Process
Review future of existing assets and SWOT process
End of Field Life analysis including late life optimisation
|Strategic Operating Cost (OpEx) Management||1 day, 4 hours|
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