3 Key Elements & Enablers in Technology & Innovation to Overcome a Turbulent Business Environment. JOGMEC Techno Forum 2016 INPEX CORPORATION

Transcription

1 3 Key Elements & Enablers in Technology & Innovation to Overcome a Turbulent Business Environment JOGMEC Techno Forum 2016 INPEX CORPORATION 1

2 Setting the Scene Increased Energy Demand Emerging markets Population growth Improved Living Standards Increased Environmental Stress Unlock Potential while minimizing environmental stress Post Easy Oil Era CO2 Water Prolonged Downturn in oil price Greater Challenges Deep Water Arctic Tight Reservoir 2 2

3 Catching The Next Wave Wave, Cycle, Downturn, Boom 3 3

4 Commanding Business Resilience Strategies For the New Energy Landscape Energy Transition Strategies for a New World Navigating The Cycle Insight Into the Future of Energy Innovation and Sustainability in a New Energy World 4 4

5 Taking action!! Cost Competitiveness Innovation Standardization Role of Technology Collaboration Digital Transformation Simplification 5 Resilience Lean Culture 5

6 Three Key Elements & Three Enablers Three Key Elements Structural Resilience through Leaner Culture Technology management to remain competitive Innovation to lead in the future 6 Standardization Digital Transformation Collaboration Three Enablers 6

7 1. Key Elements Structural Resilience through Lean Corporate Culture Lean Culture Adopting a customized TPM approach at our domestic field operations TPM TM : Japan Institute of Plant Maintenance Bottom-up approach involving everybody 7 7

8 2. Key Elements Technology Management Redefine the Role of Technology as a Medium-sized E&P Company From Access only proven (low risk) technologies to A more proactive approach towards new technology for in-house knowledge-building and improvement Early Take-up of New Technologies Only access to off-the-shelf technologies Technology Leadership 8 8

9 Accessing new technologies Way to proactively access new technology as a Medium-sized Company Collaborative Technology Development Demonstration Pilot Test in the Field Internal Technical Base Think Big! Start Small! Scale up Fast!! Research, Development, Demonstration and Deployment 9 External Technical Base 9

10 3. Key Elements Innovation to lead in the future Box 1: Manage the Present Box 2: Selectively abandon the past Box 3: Create the Future Performance Breakthrough Ideas Typical Continuous Improvement Time 10 Professor Vijay Govindarajan 10

11 1. Enablers Collaboration Henry Ford Coming together is a beginning Keeping together is progress Working together is success Keeping Together In many ways Shared Logistics & Services Standardization Technology advancements Coming Together Working Together 11 11

12 Collaboration Technology Advancements Connecting with JOGMEC, NOC, IOC, academia and industries possessing cutting edge technologies Examples Development of Nano-particle Stabilized CO2 Foam Development of Produced Water Treatment System using Ceramic Membrane Technology Cooperation with E & P business partner 12 12

13 2. Enablers Digital Transformation Big data Connect Collect Organize Analyze Act We will Apply Appropriate Level of Digitalization to our All Assets. Collaborative Environment Breaking Silos 13 13

14 3. Enablers Standardization Keywords Repeatable Common Components Standardization One Size Fits all Modular - Barriers Sub-optimization Inflexibility Over Design Lack of Innovation Misapplication - Growing Requires Holistic View Not matured Common 14 14

15 Summary I hear and I forget; I see and I remember; I do and I understand. - Chinese Proverb Saber-toothed Tiger Learn or Die 15 15