A Strategic Approach to Oil and Gas Exploration

Strategic need for change

• Super-major case study need for strategic change
• Strategy introduction
• Life cycles of organisations
• Exercise – “strategic health check”
• Oil industry landscape
• Exercise – review the competitive forces affecting the oil & gas industry
• Examples of strategic change

Participants will learn how corporations evolve as they develop and how to recognize where an individual organization is in its life cycle. This leads to a discussion of the major parameters that need to be assessed in order to evaluate strategic opportunities (technical, economic and political). Exercises will illustrate how to recognize the need for a strategic approach in response to new business opportunities and/or threats. A review of some case studies will identify the key ingredients for winning strategies.

Portfolio analysis and management

• Portfolio analysis
• Portfolio management and exercise
• New Country entry strategy and exercise
• A successful exploration case study based on competence
• The role of the Energy Transition

Partners, stakeholders and commercial hurdles

• Partners and stakeholders
• Stakeholder analysis
• Stakeholder mapping exercise
• Transforming a national to an international oil company
• Case study a strategy based on alliances
• Fiscal regimes
• Economic hurdles

Exploration life cycle

• Exploration value chain and basin analysis
• Introduction to exploration history analysis
• Exercise – understanding basin “creaming curves”
• Nova Scotia offshore play fairway analysis case study

Delivering change, technology, organisation and performance

• Delivering strategic change (NOCs, super majors, majors and independents)
• Organisation (structure, quality assurance, HSE, Licence to operate)
• People development
• Technology
• Exercise – Assessing a company’s competitive position
• Monitoring and reviewing performance