Project Management Track: Lean Projects, Cost Controls, Price Forecasts, & Resource Management - PART 3
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Balaji Sreenivasan - Founder and Chief Executive Officer, Aurigo Software Technologies Rob Burton - Major Projects Program Manager, TransCanada
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Project Management Track: Lean Projects, Cost Controls, Price Forecasts, & Resource Management - PART 3
- 1. Streamlining Project Controls for Midstream & Downstream :The Technology Advantage Rob Burton, Major Projects Program Manager, TransCanada Balaji Sreenivasan, Founder/CEO, Aurigo Software
- 2. Agenda Oil & Gas Industry TODAY Technology Play in Upstream Oil Extraction and Drilling Waterfall Effect | Midstream / Downstream TransCanada Business Environment Technology Selection and Approach Saving Money and Time for TransCanada
- 3. Oil & Gas Industry TODAY
- 4. Supply & Demand - 2015 - Increased supply - Saudi Arabia equally surprised - Economic conditions drove efficiency - Technology will continue to have long-term impact on lowering costs Energy Prices Crashed in 2014
- 5. Reasons for Price Drop Increased efficiency of production New sources via fracking, Shale Oil and others Made possible with technology Disruptive approach from smaller players Application of Technology Brings Costs Down
- 6. The American Energy Renaissance & The Waterfall Effect
- 7. The Waterfall Effect – Focus on Midstream & Downstream Early Stage of American Energy Renaissance primarily in upstream exploration and production (E&P) Technology will continue to lower costs in the midstream and downstream markets, just as it did for upstream The next phase is midstream and downstream, with an increase in expenditure by over 250%* Technology will lower capital construction costs for midstream and downstream Technology can control and reduce costs of constructing pipelines, storage terminals, and refineries by up to 6%. Technology can control and reduce costs of constructing pipelines, storage terminals, and refineries by up to 6% *2014 Outlook on the O&G Industry by Deloitte
- 9. Unparalleled Portfolio of Complementary Energy Infrastructure Assets ‾ One of North America’s Largest Natural Gas Pipeline Networks ‾ 68,000 km (42,000 mi) of pipeline ‾ 406 Bcf of storage capacity ‾ 14 Bcf/d or 20% of continental demand ‾ Premier Liquids Pipeline System ‾ 4,250 km (2,600 mi) of pipeline ‾ 530,000 bbl/d or 18% of Western Canadian production ‾ Largest Private Sector Power Generator in Canada ‾ 19 power plants, 10,900 MW ‾ Total Assets ~ $57 billion TransCanada Business Environment
- 10. TransCanada Business Environment * Certain projects are subject to various conditions including corporate and regulatory approvals. $45 Billion Portfolio of Commercially Secured Projects* ⁻ Industry-leading growth portfolio ⁻ $24 billion of liquids pipelines ⁻ $19 billion of natural gas pipelines ⁻ $2 billion of power generation facilities ⁻ All backed by long-term contracts or a regulated cost-of-service business model
- 11. TransCanada Project Controls Solution • Full automation of all processes • Better decisions with analytics • Reduce overhead and overages Increase Productivity • Fully integrated GIS information for inspections • Integrate quality metrics (NCR, etc.) with SAP Leverage SAP and GIS • Direct data entry in the field • Field to web, web to SAP • Analytics everywhere Enable Mobility • Intelligent data in addition to document control • Project controls, quality, construction management • Additional modules - land, scheduling, pipeline Integrated Solution
- 12. Extending SAP for TransCanada
- 13. Technology Selection and Approach
- 14. What We Did/Where We’re At ⁻ Identified and reviewed 25 existing technology solutions in Major Projects ⁻ Assessed and ranked over 30 technologies in total ⁻ Piloted with 2 vendors ⁻ Selected Aurigo Masterworks to enable our processes ⁻ Launched the Technology Enablement Project in November 2014 Development 2014 Implementation 1 – 3 Years Operation Ongoing
- 15. Initial Configuration Phase Project Controls (future) Engineering Field Construction (Linear) Document and Drawing Management Project Controls (future) Land Management (future)
- 16. Saving Time and Money for TransCanada
- 17. Business Challenges -Increasingly complex regulatory environment -Require better data capture, analysis and reporting capabilities -Rapid growth to support $45B project portfolio -Require process workflow to move away from the “experience” model -Diverse project structures, processes and systems -Capital Project Management System in place but not detailed enough at procedural level -Require structured guidance for project teams to improve efficiency and consistency of our project delivery Solution: a single, integrated technology system to enable our capital project processes and procedures
- 18. Benefits to TransCanada ⁻ TransCanada is the premier builder and owner of energy pipelines in North America with pipeline projects to East, West and South of the US and Canada ⁻ Estimated investments at about $ 45 BN including Keystone and Energy East ⁻ Improve quality, reduce costly errors, regulatory compliance
- 19. Thank You