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Strategies for eBusiness Success in the Oil and Gas Sector: Insights from ChevronTexaco

This presentation, delivered by Ray Casserly at the 18th World Energy Congress in Buenos Aires, explores the transformation of the petroleum sector through information technology. Highlighting findings from a 1996 Cambridge Energy Research study that credited IT for the industry's survival during stagnant oil prices, it emphasizes the importance of e-business strategies, new collaboration methods, and digital business models. Learn how to leverage technology for improved decision-making, reduced costs, and enhanced partnerships in the evolving landscape of the oil and gas industry.

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Strategies for eBusiness Success in the Oil and Gas Sector: Insights from ChevronTexaco

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Presentation Transcript

  1. “Defining eBusiness Success” Dave Clementz ChevronTexaco Information Technology Company Presented by Ray Casserly ChevronTexaco Latin America Business Unit 18th World Energy Congress Buenos Aires, October 2001

  2. Survival and Rebirth A major 1996 study by Cambridge Energy Research credited Information Technology for the "survival and rebirth" of the petroleum sector during a decade of flat oil prices. West Texas Intermediate Crude Price 60 40 30 Average Monthly $/BBL 20 10 0 1981 ‘83 ‘85 ‘87 ‘89 ‘91 ‘93 ‘95 ‘97 ‘99 2001

  3. 1973 Exxon Mobil Texaco Gulf Chevron Amoco Arco Tenneco Phillips Occidental Unocal Sun Sohio Getty 2000 Exxon/Mobil Texaco Chevron Phillips The Fortune 100 U.S. Oil & Gas Companies(listed in order of revenue)

  4. 1973 Exxon Mobil Texaco Gulf Chevron Amoco Arco Tenneco Phillips Occidental Unocal Sun Sohio Getty 2000 Exxon/Mobil Enron Texaco Duke Energy Chevron Conoco Dynegy Reliant Energy El Paso Phillips The Fortune 100 U.S. Oil & Gas Companies(listed in order of revenue)

  5. The new economy for energy:molecules and bytes Explore Customers and Markets Develop Produce Ship Refine / Blend Information Store / Pipe Suppliers and Partners Distribute Market

  6. Digital business models:The e-business value proposition • New ways of transacting business • New ways and forms of information sharing • New ways of collaborating • Lower costs • Shorter cycle times • Better decisions • New relationships • New sources of business growth

  7. The e-business transformation process is multi-tiered and complex Internet marketplaces Net Intermediaries Tightly link suppliers, customers, and partners to the business Net-enabled Partner Relationships Increase speed and lower costs Net-enabled Infrastructure and Process Improvement

  8. Lessons from the e-business road . . . • B2B is complex • B2B requires large investments • e-business models continuously evolve and may not be stable • Infrastructure and business integration are critical • Cultural factors make a difference Defining Success: Participate to learn; adapt quickly; net-enable infrastructure and processes; keep going

  9. The oil field of the future builds off the technology convergence Decision Tools Reserves Model Economic Model Strategic Decisions Modeling & Predictive Tools Dynamic Simulation Model Field Operations Model Earth Model Operating Decisions Knowledge Sharing Seismic - Subsurface - Well Construction - Facilities - Production Integrated Data Management Environment

  10. Digital tidal wave 6 billion • Pervasive intelligent objects and sensors • Radical increases in sensing capabilities • Global connectivity Chips inObjects Chips inComputers 1970 1997 2002 “measure everything / observe everything / broadcast everything / connect everyone”

  11. B2B Is Here to Stay

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