High-Performance E&P Organizations

Many energy and petrochemical organizations have made good progress establishing the foundations required for high performance. Now they need to address the human and organizational issues required to create a high-performance culture.

Read the article on the second page of this publication [PDF 1.6MB]
PDF Help

Energy and petrochemical organizations have already made substantial progress in their drive to become high performers. They have redesigned business processes, reframed business strategies and implemented the new technologies required to enable them. Accenture believes that the next step must be to begin to reshape the organization itself into a high performer.

This means focusing on the performance system, including:

• The accelerated development of key competencies.
• Employees acting as business partners.
• Leveraging the intellectual capital across the organization.
• Building high-performing teams and performance units.
• Providing effective leadership.
• Developing innovation.
• Designing work that is motivating with efficient organization structures.
• Measuring and rewarding performance.

Transformational change is required to achieve a high-performance culture. Leadership is vital to simplify asset management; standardize processes; connect applications, systems and processes to improve information flow; create a collaborative environment; and deliver high performance.

Many energy and petrochemical companies have mature assets. To drive new levels of performance, upstream activities can be re-engineered in three main areas to bring new levels of performance to these assets:

• Asset Management: a holistic end-to-end approach to managing the asset.
• Performance Optimization: an integrated approach that seeks to optimize performance.
• Acquisition and Disposals: the identification of business assets for acquisition and/or disposal through a portfolio management approach.

Brownfield operators and managers are challenged to solve and optimize a multivariable equation:

• To reduce capital and operational expenditures.
• To reduce development and operational risks.
• To stabilize production.
• To improve economic returns.

Companies solving these challenges are seeing improvements in critical energy and petrochemical metrics, lower comparable costs, increased production volume and higher shareholder returns.