Live Webinar: "New Procurement Methodologies in the UKCS and Beyond"
12:00 p.m. BST (UTC +1) Friday, May 29, 2020 - The webinar will last 2 hours (inclusive of Q&A)
Rebecca Allan, Decommissioning Engineer, Oil & Gas Authority
Martha Vasquez, Associate Director, Upstream Oil & Gas, Boston Consulting Group
Luis Ibarra, Founder & Director, eCERTO ENERGY
Moderator: Jim Christie, Principal, Decide Wisely; former Head of Decommissioning, Oil & Gas Authority and former world-wide Head of Decommissioning, Marathon Oil Company
In a world of ever greater economic volatility, instantaneous information, burgeoning data and day-to-day decision-making, oil and gas procurement methods are rapidly evolving, or even transforming. Organized by the Europe Chapter, this webinar will address these upcoming challenges.
Naturally, there is an irresistible drive to minimise costs and "buy" solutions rather than just products and services. Formerly, the goal was largely to seek out competing prices from qualified bidders for goods and services. We now see the emergence of dynamic pricing to enable alternative contracting models. Regulators such as the Oil & Gas Authority (OGA) are increasingly driving oil companies to reduce costs and contract smartly. It is fair to say that changes in procurement methodologies are slow coming to the United Kingdom Continental Shelf (UKCS) and progress has been faster in international jurisdictions.
By way of explanation, dynamic pricing is designed to manage the risk associated with scope uncertainty, protecting both the margins of the supply chain, and the buyers in terms of overall cost. Dynamic pricing is used as part of the contractor selection process where, using the benefits of technology, pricing is sought for different outcomes where scope uncertainty exists. This pre-defines what the cost will be for various project or contract outcomes, and also providing a smart approach to manage and mitigate the impact of any potential change orders, variations and claims. It is a proven concept used internationally in development drilling projects, plus in many other industries such as automobile manufacturing and aviation.
After Jim Christie has introduced the subject and speakers, Rebecca Allan will explain the OGA’s ambitions to create value and efficiency in decommissioning and what that means for oil companies and the supply chain. Martha Vasquez will highlight the impact of our procurement methods and what best practice might be. Luis Ibarra will speak to what is happening in international jurisdictions and how the Oil & Gas Technology Centre (OGTC) is supporting the implementation of these innovative commercial trends in the UKCS.
Speakers will present until 1:15 p.m. then answer questions from the audience until 2:00 p.m.
Registration is complimentary for members and $5 for non-members. Please register at the link to the right. After registering, additional details will be provided via email on how to access the live webinar.
Special thanks to webinar sponsor:
