Escolar Documentos
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The 6th Young Leaders Program University of Hawaii Scott M. Shemwell, D.B.A.
August 6, 2011
Disclaimer
The views, opinions, positions or strategies expressed by the author and those referenced organizations and/or individuals are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of the Northeast Asia Economic Forum, The 6th Young Leaders Program, University of Hawaii, sponsors, Knowledge Ops, Inc., or any employee thereof. The author make no representations as to accuracy, completeness, suitability, or validity of any information contained herein and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its use. Moreover, the author does not endorse any of the organizations or products referenced in this discussion. Links to their web sites are provided only as a courtesy for those interested in additional information/research. Knowledge Ops, Inc. is an Oracle partner.
Vetted Solutions
Business Process Modeling (BPM) Information and Data Flow Established professional services firm Extensive tested and documented methodology
Discussion Points
Two Brief Energy Case Studies
Gulf of Mexico Drilling Moratorium Marcellus Shale, New York
Policy Automation
One Solution
Marcellus Shale
Economic Impact
Up to 19,000 jobs lost Wages lost ~ $1.1 billion ~ $500 million lost tax revenue At least one drilling company bankruptcy Environmental impact still unfolding + BP staggering costs!
Compliance Influencers
Health, Safety, Environmental (HSE)
Heightened Visibility License to Operate
Regulatory Authorities
Industry Groups
U.S. Chemical Safety and Hazard Investigation Board API IADC SPE ISA
Financial
Capital Markets Insurance Rating Agencies
HSE Compliance
Changing Landscape
Regulations Other influences
Local
Governments Groups Other Industry Segments Population
Best Practices
Project Management institute DNV WCID Safety Case
Judiciary
Federal State Local
US NTSB
Other
Media Academic Think Tank
Disclaimer: EXAMPLE ONLY The constituents depicted on this graphic are not all inclusive, but are typical and only shown to address the complexity of this issue. The company and/or its authors shall not be responsible or liable for the accuracy, usefulness or availability of any information herein, and shall not be responsible or liable for any decisions made based on such information.
Extensive new regulations, tracking, and reporting requirements Offshore drilling has changed forever How will energy companies respond to this wave of increased regulation, control, and oversight? How will energy companies quickly understand these new regulations, model the risk, and communicate to the organization?
Compliance
Analogous to Sarbanes-Oxley
Location & environment Geologic and geophysical Well design Well barriers (with much detail) Casing design Well execution plan (with detail) Critical well Risk Assessments Operators MOC
Risk Analysis & M itigation M anagem of Change ent Personnel Com petency
E&P
Production 2012 Gathering 2011
Least Critical
Originally published by Shemwell, Scott M. (2011, January) The Blast Heard Around the World. Petroleum Africa Magazine. pp. 32-35.
New York
Stronger regulatory requirements New York Viewed by some in the industry as less attractive state in which to invest
Audit Management
Legal Discovery
Data Privacy
People
Finance Suppliers R&D Mfg Sales HR Legal Customers
Technology
Enterprise Data Applications Warehouse Database Mainframes Mobile Devices Apps Server
Regions
Mandates
NERC FERC
SOX
Patriot Act
OFAC
FCPA
ITAR
PCI
HIPAA
SB1386
Concluding Comments
For a variety of reasons and over a very long time, the oil & gas industry has earned greater scrutiny However, the process is manageable Industry can demonstrate to agencies this solution Should NOT affect profitable operations and value to the society
"The Democrats are right that the oil companies can make money even with tighter regulations. We can require them to meet those regulations. And the Republicans are right that there are more places we can and should be drilling to find oil and gas," says Amy Myers Jaffe, Director of the Baker Institute, Houston, TX.
- Wall Street Journal, June 9, 2011
http://online.wsj.com/article/SB10001424052702304778304576373922398928448.html
Contact Us
Knowledge Ops, Inc. Dr. Scott M. Shemwell Email: Sshemwell@KnowledgeOps.com www.KnowledgeOps.com
In 1997, Mr. Shemwell was brought into MCI Systemhouse to expand its energy practice where his most notable achievement was the development and implementation of the firms Y2K practice with a focus on the realtime systems responsible for both upstream and downstream petroleum production operations.. He also has industry leadership experience as CEO of Real-Time Data Solutions, Inc., director at Halliburton Corporation and head of its Information Technology line of business. While serving on the Halliburton Energy Services Leadership Team, he was directly engaged in the transformation of the company into its Integrated Solutions business model as well performing as the CIO of the $2 billion Terra Nova project.
Mr. Shemwell is recognized as an authority in risk management, technology, knowledge management, industry change, process change management/modeling and simulation, and logistics and operational supply chain management, having authored over 300 articles and presentations on these subject matters. He is the author of Essays on Business and Information, a collection of short essays focusing on the relationship between business processes and information technology, written from his perspective as an energy industry executive and adviser. Formerly a Commissioned Officer in the United States Army Air Defense Artillery, he holds a Bachelor of Science in physics from North Georgia College, a Master of Business Administration from Houston Baptist University and a Doctor of Business Administration from Nova Southeastern University.
Additional Resources
Two recent articles by the author address these issues further
The Blast Heard Around the World, January 2011 A Date Which Will Live, October 2010 OPA Maturity Model, July 2011