PROJECT MANAGEMENT

LARGE OIL & GAS PROJECT MANAGEMENT

Successful management of large projects follows a comprehensible and dependable reference framework that guides our decisions and processes. RichTerra’s Large Project Management Framework includes:

  • Formalized project phases and checkpoints
  • Clear accountabilities within an integrated project team
  • Checks and balances between central functions and project teams
  • Continuous review to measure project value and monitor risk

RichTerra has developed a Well Operations Management System that provides a framework for safe, efficient and consistent management of drilling operations. The Well Operations Management System assures:

  • Clear assignment of responsibilities
  • Sound risk management and decision making
  • Efficient and cost-effective planning and operations
  • Legislative compliance throughout all operations
  • Systematic approach to well design and operations
  • Continuous improvement

Where applicable, the Well Operations Management System can be bridged to the Client’s existing technical and HSE management systems to provide a unified and consistent management framework.

TYPICAL PHASES & STAGE GATES OF A LARGE OIL & GAS PROJECT

SPENDING MANAGEMENT

Typically large oil & gas projects involve extremely high expenses. Our Integrated Spending Management Framework (ISMF) covers all key procurement and spend processes to ensure you are not spending beyond your means. Based on our deep insight into the individual processes, we evaluate potential initiatives to optimize our clients’ cost base, organization and overall processes in the areas of:

  • Strategic and Operational Procurement
  • Supply Chain Management & Transportation Logistics
  • Working capital optimization (e.g. inventory management, payment terms and process)
  • Spend and Supply Strategy, which covers aspects such as in- and out-sourcing and shared services strategies
  • Spend Transparency and Savings Diagnostic
  • Spend Control & Compliance Management

The best part of entire program management is that we are able to extract our consulting fee from the project optimization itself. This motivates us to work harder and more efficiently, while the project is operating as a Self Sustaining Fee Model (SSFM) for the operating company and saving money.

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