ID Number: G00168859




Market Trends: Western European Oil and Gas Companies Target Process Improvements in 2009 for Procurement and HSE/SHE
30 June 2009
 
Cynthia Moore  

As Western European energy companies cut back on investments in oil and gas development, technology and service providers need to focus on process excellence at a more granular level, particularly for independent exploration and production and service and supply.







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Pages: 25








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Table of Contents



    
What You Need to Know

    
Key Trends

    
Contributing Factors to Trends

    
Analysis

    
Industry-Specific Business Processes — What's Different in 2009 vs. 2008, and What's Not?

    
Trend No. 1 — Near-Term Management Focus on Best Practices Being Driven by Margin Pressure and Pricing Volatility
    
Business Process Groups Offer Current Insight and Future Opportunity for T&SPs

    
Among Procurement Processes, More IT Spending Likely in 2009 for Invoice Verification and External Services

    
Key Findings
    
Development Drilling and Environmental Compliance Garner More Funding in 2009

    
Key Findings
    
Trend No. 2 — Shifting IT Allocation to Align With Business Focus Rather Than Cutting Top-Line Allocation

    
Reservoir Modeling and Depletion Planning Are 2009 Focal Areas for New Initiatives In Production

    
Key Findings
    
Targeted Business Process Investments That Bridge Today's O&G Company to the Future

    
Trend No. 3 — Safety Remains a Widespread Focus for Continuous Process Improvement for O&G

    
Key Findings
    
Trend No. 4 — Ensuring Effective Enterprise Risk Management Has Become a Critical Consideration for Achieving Strategic Objectives and Protecting Assets, Employees and Reputation/Brand

    
Key Findings
    
EBPP and Treasury Management (Including the Associated Financial Risk Management) Get Increased IT Spending

    
Key Findings
    
Trend No. 5 — Organizational Development Key to Longer-Term View of O&G Workforce

    
Key Findings
    
Methodology

    
Who We Asked
    
What We Asked
    
How We Present It Here

    
Recommended Reading


List of Tables



Table 1.  
Does 2009 IT Spending Include Funding for New Procurement Business Processes Initiatives?
 

Table 2.  
Does 2009 IT Spending Include Funding for New Exploration and Appraisal, Development, or Disposal Business Processes Initiatives?
 

Table 3.  
Overall Investment Shifts Rather Than Lessens: Analysis by Business Process Area
 

Table 4.  
Does 2009 IT Spending Include Funding for New Production Business Process Initiatives?
 

Table 5.  
Does 2009 IT Spending Include Funding for New EH&S (HSE/SHE) Initiatives?
 

Table 6.  
Does 2009 IT Spending Include Funding for New Corporate Administration Initiatives?
 

Table 7.  
Does 2009 IT Spending Include Funding of New Financial Supply Chain Projects?
 

Table 8.  
Does 2009 IT Spending Include Funding for New Employee and Transaction Management Business Initiatives?
 

List of Figures



Figure 1. 
Percentage of O&G Organizations' Spending by Process Area, 2008 and 2009
 

Figure 2. 
Comparison of 2009 Allocation Percentages by Business Process Area Among Business Models
 

Figure 3. 
Comparison of 2009 Allocation Percentages by Business Process Area Among Segments
 

Figure 4. 
Procurement Business Processes With Planned IT Spending in 2009
 

Figure 5. 
Exploration and Appraisal, Development, and Disposal Business Processes With Planned IT Spending in 2009
 

Figure 6. 
Production Business Processes With Planned IT Spending in 2009
 

Figure 7. 
EH&S (HSE/SHE) Business Processes With Planned IT Spending in 2009
 

Figure 8. 
Corporate Administration Business Processes With Planned IT Spending in 2009
 

Figure 9. 
Financial SCM Business Process With Planned IT Spending in 2009
 

Figure 10. 
Employee and Transaction Management Business Processes With Planned IT Spending in 2009
 



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