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- W2001232375 abstract "Abstract PanCanadian’s extensive land holdings and attractive financial position results in work efforts being generally capital related (seismic, drilling, and facilities). As. a result of this focus, Senior Management was concerned that optimization was not being given a high priority and initiated a study in June 1992 to evaluate the process within the company. PanCanadian has undergone major structural and cultural changes in the past three years and has used process re-engineering to implement changes and increase efficiency. A product of this change is PanCanadian’s unique method of managing people functionally and managing work cross-functionally. This organizational structure is applicable to any company considering restructuring to achieve the gains associated with business units yet want to avoid their common downfalls. A Reservoir Management Process Study was initiated with a team of seven people from various departments within the company. The study took approximately one year to complete and included over 30 interviews within PanCanadian. Twelve companies in Canada and the United States were benchmarked based on recommendations of superiority in the areas of reservoir optimization. This paper will detail the methodology of conducting the study, the findings of the study, and will describe the major structural changes that PanCanadian is undertaking to do a more effective job of reservoir optimization." @default.
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- W2001232375 date "1994-09-25" @default.
- W2001232375 modified "2023-09-27" @default.
- W2001232375 title "Reservoir Optimization in the Nineties: Is Your Company Doing an Effective Job?" @default.
- W2001232375 doi "https://doi.org/10.2118/28343-ms" @default.
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