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COPYRIGHT 2005 Hart Publications, Inc.
During 2004, management consulting firm James Miller & Co. Inc. conducted an industry-wide analysis of the drilling function of upstream oil and gas companies. The objective was to ascertain how companies manage the drilling function, and to find and categorize key issues that adversely impact their drilling performance.
More than 50 upstream companies provided input of some type to the analysis. This included three supermajors, 14 large independents and 10 national oil companies. In addition, direct input was provided by 11 major service companies.
The participants operate in the U.S., Canada, Mexico, Venezuela, Brazil, Norway, the U.K., Italy, Russia, Spain, Saudi Arabia, China and Australia.
In all, 321 executives, managers and professionals were interviewed. Additionally, direct input was provided by more than 300 of the companies' other professionals and staff, covering a variety of issues including authorization for expenditure (AFE) creation, legal, environmental/health/safety (EHS), supply chain, asset teams and field operations. Also, extensive public information on the upstream industry was collected for the study.
As a result, 15 key factors were identified that play a significant role in differentiating the performance of drilling functions among the upstream organizations that...
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