Transformation ? Industry Challenges Technology Reliability Efficiency Integration Extending technical performance with game-changing technology Learning from other industries and adopting new ways of working Optimizing the support…
Transforming the E&P Industry Intrinsic Performance Technology Systems Business Models ? Intrinsic Performance ? Internal efficiency and reliability of how we work ? Technology Systems ? Ability to innovate, integrate and digitally…
Intrinsic Performance ? Challenging How We Do Things Asset Utilization 100% Operational Reliability 10x Workforce Productivity 20% Working Capital 25% Unit Support Costs 10% Our goal is to deliver a step change in…
Technology ? Innovation and System Integration Cameron Group ? OneSubsea ? Drilling Systems ? Surface Systems ? Valves & Measurement Production Group ? Production Management ? Integrated Production Services ? Well Services ?…
Business Models ? Collaboration and Commercial Alignment Production Management (SPM) Integrated Drilling Services (IDS) Integrated Production Services (IPS) Integrated Services Management (ISM) Standard Services Collaboration &…
Integrated Services Management Model ? Sail and Drill ? 5 wells drilled for Shell in 3 countries (Benin, Turkey and Gabon) ? Total 16,120 m drilled ? Complicated logistics successfully managed ? ISM model included collocation,…
Reliability Centered Maintenance Logging units 43% reduction in NPT 55% reduction in Service time ? Focus on Asset lifecycle integrity ? Engine data transmitted through GSM ? Engine cooling system reliability improved MWD…
Logistics Control Towers Products LCT LCT Forecast Trucking Source Carriers Monitor Location Track Shipment Reconcile Inventory Transport & Mobile Shipment Tracking Carrier Management ? Real-time delivery tracking ?…
Management System ? Process Reliability in IDS ? Competency assessments aligned to Schlumberger Competency Framework ? Incentive plans to drive improvement; differentiate with customers ? Product Line standard operating procedures…
Remote Operations ? 74% of jobs as of Q1 2016 ? Average crew size decreased by 6% in 2015 ? 20% more jobs covered with the same staff ? Excellent service quality delivered Remote Operations Center - Russia Remote Operations Center -…
Improving Capital Efficiency Through Asset Utilization ? Assets historically underutilized ? Increasing utilization lowers capital investment as a percentage of revenue ? Lower capex brings lower depreciation ? Idle assets managed…
0 100 200 300 400 500 2004 2006 2008 2010 2012 2014 2016 Reducing Unit Support Cost ? Creation of shared services organization streamlined internal processes ? Support workforce decreased in size in years of growth post-Smith…
Managing Working Capital ? Receivable challenges internationally ? Centralized maintenance reduces inventory ? Just-in-time inventory via Distribution Centers Working Capital as a Percentage of Revenue 5 0 10 15 18 20 0 12 6…
Conclusions ? The case for industry transformation is stronger than ever ? Focused on intrinsic performance since the start of this decade ? Delivering material results with expectations for further upside ? Pursuing collaborative…
The Transformation Continues Jean-Fran?ois Poupeau EVP Corporate Development and Communication UBS Global Oil & Gas Conference Austin, May 25, 2016