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Informationen zum Autor JUSTIN PETTIT is an advisor to the oil and gas industry. He entered the industry in 1992 as Senior Business Planner with Norcen Energy Resources and went on to a successful career on Wall Street, including Partner at Stern Stewart & Company, Group Head of Strategic Advisory for UBS Investment Bank, and Lead Partner in the energy and chemicals practice of Booz & Company. He also authored Strategic Corporate Finance: Applications in Valuation & Capital Structure (Wiley) and Merge Ahead: Mastering the Five Enduring Trends of Artful M&A . Mr. Pettit is a member of the Society of Petroleum Engineers. Klappentext The energy industry's accelerated evolution requires visionary changeThe Final Frontier parses the evolution of the oil and gas sector to map out a plan for going forward. The global energy industry is huge, and it is in disarray; between low oil and gas prices, climate change, rising development costs, and ever-mounting regulations, the need for change has been made crystal clear--but planning is much easier than implementation, and stasis is not progress. This book shows how redesigning internal operating models can bring about the necessary change in the implementation of upstream capabilities-driven strategies. From integrated, national, major, and independent oil companies, to the service companies in the upstream supply chain, there isn't an enterprise in the sector that cannot benefit from reduced costs and increased efficiency. Knowing that change is necessary is not enough--this book shows you what to change, and how to change it to get off the treadmill and start moving forward.With expert guidance through each redesign element, this insightful guide provides more than simply ideas: it provides real, practical guidance on transforming operations to keep pace with the changes and create lasting advantage.* Identify the most relevant organizational capabilities for your resource portfolio, as well as the changes that can translate into savings and efficiency* Build a workable plan for real-world implementation* Redesign the operating model most suited to the needs of your business on an organization-wide basis* Learn what to do differently and how to do it differentlyThe energy industry has made great strides: our understanding of the global resource base, the nature of ownership and principal stakeholders, new technologies for resource development, and our economics and business models have all undergone a tremendous revolution, but now the more difficult--and more valuable--task begins. The Final Frontier helps you navigate the future and implement the changes necessary to avoid getting left behind. Zusammenfassung The energy industry's accelerated evolution requires visionary change The Final Frontier parses the evolution of the oil and gas sector to map out a plan for going forward. Inhaltsverzeichnis Acknowledgments ix Abstract x Chapter 1 Introduction 1 A Vital Industry 2 What Now? 3 Industry Evolution 6 Ten Reasons to Update Your Operating Model 9 E&P Needs a New Agenda 19 Notes 20 Chapter 2 The New Agenda 23 Upstream Cost Transformation 24 "Cut Costs and Grow Stronger" 30 E&P Capabilities 34 Resource-Based Key Capabilities 45 Notes 49 Chapter 3 E&P Operating Model Redesign 51 Internal Operating Model 55 Business Delineation and Performance Measurement 56 Organization Structure, Capabilities, and Workflows 66 Operations Management Processes 74 Delegation of Decision Rights 75 Informal Social Norms and Corporate Culture 77 Implications of Industry Evolution 80 Business Model Considerations 83 Notes 85 Chapter 4 PMI and Other Event-Driven Redesigns 87 The Search for a Perfect Ownership Model 89 Pre...
