Planning and performance management for an E&P operator
Sia Partners UK supported our client with the major transformation of their business across their core territories. Find out more about what we did and the impact it had...
Our client was an E&P Operator looking to transform their business across its core territories of CEE and CIS. Locally the business was strong and they were looking for future reserves which would double (or more) their production levels. Finding the right assets, and developing the commercial and operating models and appropriate processes and systems needed to support future operations, was key if our client was to achieve their targets. Sia Partners UK was asked to support the business by updating the strategy, with a very strong focus on the exploration & production segment as well as develop a fit for purpose economic model that they could use to inform their management decisions and investments in the future.
Sia Partners UK successfully developed and defined the scope for a new economics and planning tool as well as an outline implementation plan. We shortlisted four vendors to support the tooling development and facilitated the initial RFP process to assess vendor compliance. We also managed the commercial responses for the anticipated software, set up, customisation, consulting services and other costs associated with potential 3 year licencing arrangements.
Sia Partners UK effectively identified a range of enabling processes required around business planning, and stage gate frameworks, for both investment and capital projects and supported the business development required to underpin and support the accelerated growth plans of the business.