IPA Senior Project Analyst Lynn Dickey has been invited to speak at the upcoming Offshore Technology Conference (OTC) 2011 at Reliant Park in Houston, Texas, this May.
Lynn’s presentation, “Reducing the Financial Impact of E&P Shutdowns,” quantifies the significant effect Exploration & Production shutdowns have on business and operations by presenting research that demonstrates the statistical correlation between the quality of shutdown planning and shutdown durations and predictability. For example, offshore shutdowns that reach the best level of planning have, on average, 40 percent shorter durations than those with the worst planning.
The research is based on a shutdown database developed and maintained by Independent Project Analysis, Inc., that consists of over 375 shutdowns in various international locations, analyzed at up to three different stages of planning development. Actual observations are presented as case studies to clarify the research results.