Ellen Coopersmith and Jeremy Walker, Decision Frameworks
November 20, 2019 (Invited Talk)
Abstract: Often, we are faced with difficult choices when we are dealing with late life and overly mature assets. With the reframes like an old classic song playing in our heads, our thoughts can become clouded based upon the memories of how things used to be. The debates on the future of these assets can be heated as they often times contain important and vested personnel with deep experience and strong views. These assets compete with other opportunities in the portfolio for people, resources and capital. How do we engage with the teams running these assets in a manner aimed at valuing their contributions? How do we know when we should move on and when we should concentrate on re-invigoration efforts? What levels of future re-investment would be justified? What other considerations are important for us to understand? Why can’t I get any satisfaction?
These questions and a host of others will be addressed through a late life case example which Decision Frameworks will walk through. This deep dive into a mature North Sea oil and gas asset will provide some insights on the role that the Decision Quality workflow can play in creating a more complete and transparent understanding of the potential options, trade-offs and considerations you and your teams must face when making late life asset decisions. Start me up!
Click on the file below to hear a sample of the presentation.