Oil, gas and new energy: how to transform holistically for a more efficient and sustainable future
Scott Hastie A * and Tim Wall AA dss+, Perth, WA, Australia.
The APPEA Journal 63 S77-S81 https://doi.org/10.1071/AJ22028
Accepted: 21 March 2023 Published: 11 May 2023
© 2023 The Author(s) (or their employer(s)). Published by CSIRO Publishing on behalf of APPEA.
Abstract
Oil, gas and new energy companies are facing multiple competing priorities and challenges, from ongoing high-injury rates, a challenging economic climate, reduced capital funding, increasing social pressures and disengaged talent – all leading to pressure to transform at pace. Riding the commodity price cycle and taking a piecemeal approach to transformation is no longer a viable operating strategy. An integrated approach is required, to improve safety, risk, unit cost, growth, culture and decarbonisation performance concurrently, whilst making new energy assets viable. Critical to this integrated approach is an agile, well-designed operating system. Operating systems are not new to the oil, gas and new energy industry; however, dss+ has witnessed the limited effectiveness many of them have in enabling businesses to transform holistically and rapidly. Through this presentation, dss+ will give practical guidance on the elements critical to an effective operating system, using the real-life example of a recent project which saw dss+ partnering with a global oil and gas operator to deliver a reduction in tier 1 and tier 2 safety events, reduce business operating expenditure by US$90 m, reduce capital expenditure by US$20 m and deliver an additional 350 000 boe above budget at a critical asset in the region.
Keywords: change management, human factors, leadership, operating system, operational excellence, principles-based, productivity, transformation.
Scott Hastie is the Head of Oil, Gas and New Energy with dss+. He has 20 years’ experience leading large-scale and complex transformation programmes that have delivered significant results to his client’s bottom line. He has led numerous large multi-disciplined consulting engagements across Australia, Asia, Canada and the USA. Scott is a passionate and highly respected executive leadership coach. He believes in helping leaders becoming change agents and works side by side with them to drive business transformation. He firmly believes that change can only be sustained when engaging the frontline. Prior to joining dss+ Scott held senior operational and commercial roles with Tier 1 resource companies and led transformation programmes that delivered >$1 b of value. |
Tim Wall is a Senior Advisor at dss+, with more than 40 years’ experience across oil, gas and more recently manufacturing industries. Prior to joining dss+, he most recently held the position of President Global Manufacturing and HSE for the Incitec Pivot Group. Tim was previously General Manager, Manufacturing at Caltex Australia. He worked previously for BP in Australia and in the UK for over 25 years in numerous senior roles across multiple geographies and diverse operating environments. Tim has a strong track record as a global senior executive delivering transformational outcomes in culture, risk management, operational excellence and ESG/sustainability at both Company Director and Global Executive level. |
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