Gas Processing Association February 27, 2019 The NAL Transformation Story
Company Profile – Business Operations Private Company In business since 1990 Top 30 Producer in Canada 39,168 boe per day of production 1 Drilling and Processing Rail Truck Completion Activities Terminal Terminal Activities Activities Activities nal resources 10/8/2019 2 1. 2018 Annual Average
The Industry is Being Disrupted Rules Politics & Regulations $ Commodity Price Social We are Here Pressure Source: Tough Medicine, January 22, 2019, ARC Energy Research Institute nal resources 10/8/2019 3
Is There a New Way? 10/8/2019 4
The Change Model Engagement Disbelief Participation Resistance Acceptance nal resources 10/8/2019 5
Influencing the Early Majority is Key Cross-functional Brain storming Crossing the Chasm 10X+ Opportunities Live Project Playbacks & Viral Videos Change Accelerates Digital Tourists Autonomous Teams TED Talks & 101 Sessions Stay on Message Put Ideas into Production nal resources 10/8/2019 6 This Photo by Unknown Author is licensed under CC BY-SA
The Transformation Story Prices Decision to CoE IBM Watson Transform RPA Bot Innovation Budget Carbon Tax Change Begins Incentives 2015 2016 2017 2018 2019 IIoT Blockchain Staff Reduction Machine Learning Collaborative Office nal resources 10/8/2019 7
Transformation by the Numbers Cognitive 1st 45x Royalty RPA IIoT Operate by Transaction Exception Expecting Computing 63% 25% on Ledger Bots up to Longer Fewer Blockchain Faster than Humans Asset Life site visits 18x Collaborative Machine 200MM Records from 4MM Digital Multiple Office Space Learning Documents Business Sources in 25% Increase in Reading Documents One Data Set Rising by 50,000/yr Intelligence Work Capacity Faster than humans 27% Center of Geosteering 100% Carbon Source to Pay Excellence 5% 98% Electronic More Time in Intensity Lower All Employees have the Transactions Target Zone Opportunity to Innovate nal resources 10/8/2019 8
Barriers and Opportunities Skills Capital Workload Culture Leadership Siloed and Risk Averse Manual and Focused on Legacy the Past Fragmented Heavy CEO as Change Self Funding Collaborative Culture of New Core Innovation Leader Competencies Projects Cross- functional Teams nal resources 10/8/2019 9
NAL’s Transformation Playbook Educate Tap into the Set a Smart Find your Start Small Yourself Experts Risk Budget Champions with POCs Be Agile Early Wins Measure Establish a Fail Cheap Value CoE in Digital nal resources 10/8/2019 10
How do you keep it going? Centre of Excellence Pipeline of New Keep Filling the Hopper Opportunities Clear Vision Find Sponsors & Champions & Stay on Message Develop Learn Fast & Collaborate Experiment New Scale Skills nal resources 10/8/2019 11
Final Message “Good Enough” is just not good enough • Starts at the top, be persistent on your vision • Be prepared for disbelief and resistance • It is a continous journey, be willing to fail & pivot • nal resources 10/8/2019 12
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