The Final Frontier: E&P'S Low-Cost Operating Model

This book guides the reader through the redesign elements for the internal operating model of an enterprise in the oil and gas sector – including integrated oil companies (IOCs), majors and independents, national oil companies (NOCs), and services companies in the upstream supply chain. The industry has made great strides, but now, the more difficult and more valuable task is to sort through:

• What different to do, and
• How to do it differently

Operating models and operational excellence must now be on everyone’s agenda – changes can yield profound cost savings and operating efficiencies. However, change is much easier to plan than to implement and operating model redesign is rarely executed on an organization-wide basis.

JUSTIN PETTIT is an advisor to the oil and gas industry. He entered the industry in 1992 as Senior Business Planner with Norcen Energy Resources and went on to a successful career on Wall Street, including Partner at Stern Stewart & Company, Group Head of Strategic Advisory for UBS Investment Bank, and Lead Partner in the energy and chemicals practice of Booz & Company. He also authored Strategic Corporate Finance: Applications in Valuation & Capital Structure (Wiley) and Merge Ahead: Mastering the Five Enduring Trends of Artful M&A. Mr. Pettit is a member of the Society of Petroleum Engineers.