We have been working on capturing the experience and content of our acclaimed flagship course in an Exploration Management manual. We are very excited to have just received the first copies from the printers. The manual comes as a print copy with an accompanying PDF file. If you would like to purchase a copy or view some sample pages, please get in touch.
Author: Mike Naylor
It’s back! Best practice in exploration management
Only a couple of months after my last visit, I was back in Bangkok to present the course ‘best practice in Exploration Management’ to an audience of present and future exploration leaders in PTT.EP. This is my flagship course, and is the third time that I have presented it to an NOC audience. We examined all facets of the exploration leaders role, including strategy, portfolio management, project management, venture management across the exploration life-cycle (new ventures, prospect maturation and appraisal), performance management and target setting, capability, organisational structures, technology. The group left with action plans and a mind-full of new concepts to put to use at work.
Portfolio management in Bangkok
On my first visit to Thailand, I had the pleasure of presenting a newly designed course on portfolio management to an enthusiastic audience from PTT.EP. We looked at the value created by portfolio management in the upstream oil and gas business, reviewed key concepts and practiced a range of techniques through exercises and discussion sessions.
Seismic shock
Schlumberger recently announced that they are selling off their seismic acquisition business (branded as Western Geco), although they plan to remain in the seismic processing market. It is one of the few product areas which is unprofitable apparently. This capital-, equipment- and people- intensive business is a casualty of the low oil price, the industry drive to reduce cost and the downturn in exploration. Seismic acquisition has become adept at riding out the cycles. In previous downturns, it survived by slashing costs, and operating at a loss or covering the cost of capital. When good times returned, they crank up the prices and make profits to compensate. The move by Schlumberger is particularly worrying. Do they foresee prolonged low oil… Read more »
Advisory Council of RWM Ltd – November 2017
Mike Naylor was appointed to the Advisory Council of RWM in November 2017. RWM (Radioactive Waste Management Ltd) is a wholly owned subsidiary of the UK’s NDA (Nuclear Decommissioning Authority). Its mission is to deliver a national geological disposal facility and provide radioactive waste management solutions. The Advisory Council of RWM will provide expertise, balanced perspective and strategic support to RWM as it moves into a significant phase of its programme to deliver a geological disposal facility (GDF). Its members are experienced leaders from a variety of business, engineering, infrastructure and society backgrounds. They will provide vital input to one of the most complex and important long-term projects ever undertaken in the UK. Mike brings to the group expertise in the… Read more »