Strategic Innovation In Oil & Gas
Details
The oil & gas industry has had a volatile ride for the last decade. Oil prices have been fluctuating between $30 and $130/bbl and with shale oil appearing as a serious competitor and LNG positioning itself more as the transitionary fuel of the future. Of course we never knew what we do not know but it seems to be getting more unclear what the future holds, especially for the oil & gas industry. Uncertainty seems to rule, and turbulence of our business environment seems to be reaching a new tipping point year after year, and the end of common strategic planning is in sight.
The main culprit or accelerator here is technology enabled innovation. Would you have thought that social networking tools, developed to engage communities, such as Twitter and Facebook would have aided the overthrow governments? It has been said before that the Stone Age did not end due to the lack of stones. One technology breakthrough in battery technology or superconductivity might completely change the energy world and with it the massive oil & gas industry and infrastructure that now fuels the world economy.
This Master Class is about crafting and executing a resilient technology strategy supported by strategic innovation. The course introduces the concept of Scenario Planning linked to a long-term Strategic Innovation Strategy. It attempts to cover important questions such as how to identify relevant innovation domains and how to fill these domains with projects that allow the company to grow in an uncertain world.
You will learn how to develop scenarios for the oil & gas industry, identify plausible futures for your own company and design pathways to travel to these futures supported by a robust innovation strategy. The course format will include lectures interspersed
with exercises where you will make your own long-term scenarios; identify technology domains to support these scenarios and finish with an implementation plan. Discussions and exercises will use existing scenarios developed by the World Economic Forum (WEF),
Shell and others as examples.
To find out more, follow the link below:
https://www.petroedgeasia.net/course/Strategic_Innovation_In_Oil_%26_Gas
Outline
- Design and build long term scenarios to explore strategic expectations
- To be able to define a long term innovation strategy focused on possible future needs supported by long term business scenarios
- Understand stage-gated technology development and innovation
- Learn how to value a portfolio of innovation projects, use various ‘lenses’ to manage and cull.
- Use scenario thinking linked to innovation to create options for new ventures
- Deploy transparent and structured frameworks for new ways of doing business
- Understand and minimise risk in technology investment decisions
- Safeguard enterprise and growth against black swan events
- Balance bottom up innovation with top down corporate strategy
Business unit leaders and managers across the energy, oil & gas value chain, planners, strategist, analysist, change management professionals, information and technology systems professionals, business development professionals, economists, risk management managers and others involved in driving change and innovation in the organisation. University level degree preferred. Familiarity with the energy business will be essential.
- Futures; uncertainty in a complex world
- Scenarios; how to make them practical
- Strategic Innovation; Planning and executing
Speaker/s
Leo Roodhart’s career with the oil and gas industry spans some 30 years in the areas of Production Engineering, Production Optimisation and Water Management, Strategic Innovation, Scenario Planning, and New Business Development. He became President of the Society of Petroleum Engineers (SPE) in 2009. He worked as Senior Advisor Production Engineering for Shell International, performing audits and reviews of Shell assets worldwide. As global well stimulation expert, he designed and supervised fracturing treatments in Shell’s operating units across the globe, such as Canada, Venezuela, Germany, North Sea, China and the Middle East. He has written and presented numerous papers in the area of production optimization, hydraulic fracturing and acidizing, water management and was Distinguished Lecturer for the SPE.
Special Offer
Normal fee: SGD 5,099.00
Early Bird Promo: SGD 4,899.00
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