Our client wanted to take advantage of a business discontinuity to create a new, high-performing company. We helped them tailor an organization to achieve their strategic objectives with minimum disruption to ongoing daily work.
Oil & Gas is at times a fast-paced and at others a slow-paced industry driven by volatile economies. Reacting to the market has been the downfall of many companies and David Banks had a better idea... he wanted to build a team to be proactive - able to respond to a changing industry fast as the markets dictated.
A major oil company’s drilling and completions department was underperforming, even raising questions with the Board about future investment. Technology wasn’t the issue; they had some of the best in the business. The General Manager knew a different approach was needed – one involving EQ instead of IQ.
Equipment management and transportation had been identified as an area with significant opportunity to reduce drilling and completions cost by increasing supply boat utilization from 60% to 80% and managing equipment and service team timing. This opportunity was so well recognized that disparate competing initiatives had been launched by Logistics, Supply Chain, and Operations to capture the potential benefit.