Growth Strategy
A major integrated energy company faced the daunting challenge of creating value in the high-cost, high-risk Gulf of Mexico deepwater. Competition was intensifying and the company was falling behind, in part because the organization lacked consensus on setting priorities for leasing, acquisitions, target areas/plays, and infrastructure.
SDG worked with the client to build a powerful, aligned, and credible strategy for the organization that involved significant changes from the momentum path and added more than $2 billion in value potential.
Capturing the value remained a challenge, however, because the organization’s complex structure impeded rapid and integrated exploration and development decisions. SDG led an implementation effort that significantly changed work processes, org/team structure, capabilities, and incentives for the group. The effort led to better project decisions and greatly reduced cycle times and cost. The project was recognized and rewarded as the top effort of its kind for the organization that year.
