by xcitemedia

12 slides

Xcite Presentation Rev.0.pptx

Published Mar 10, 2014 in Business & Management
Direct Link :

Xcite Presentation Rev.0.pptx... Read more

Read less


comments powered by Disqus

Presentation Slides & Transcript

Presentation Slides & Transcript

Xcite Oil and GasOnline Capability PresentationRev. March 2014

Who is Xcite Oil and Gas?UK registered employee-owned company, operating primarily out of AberdeenManagement team supporting all aspects of contracts lifecycle managementDelivering contract efficient practices and identifying commercial shortcomings due to contract non complianceProviding expertise in preparation of contract strategies, tender processes, contract negotiations and lifecycle management

Example of most recent services delivered

Our Service Offering throughthe Contract LifecycleIdentify RequirementContract ExecutionContractCloseoutContracting Strategy / Review & DevelopmentBest Practice / Peer ReviewValue Adding Processes / ImprovementsFinal Account Preparation / Forensic Audit & RecoveryPost Contract Execution ComplianceIdentifyclose-out strategy

How can Xcite Oil and Gas help?Best Practice / Peer ReviewsValue Added Processes / ImprovementsContract Strategy / ReviewContract Compliance ChecksFinal Account Preparation / Forensic Audit = Potential SavingsRetained learning and contract performance feedback

Contracting Strategy / ReviewFully understand the needs of the business & market place capabilityIdentify opportunities for better business alignment between company and contractorCompany capability to manage contract deliveryDevelop a contract strategy that minimises value leakageIs delivery performance well managed by company?Good service performance should be delivered and expected in parallel with sound HSE performance.

Value Added Processes / ImprovementsDevelopment of commercial benefits by developing rigourous contractual understandingOpportunity to improve the deal through understanding of vendors cost driversMinimise financial leakage and Improve cost efficiencyFinancial Intelligence on vendorIn depth knowledge of labour and field overhead ratesFinancial experience of all O&G industry segmentsSenior management review (PEER)

Best Practice / PEER ReviewsAccess industry benchmarking informationUse of contract managers network within the industryUse of ”should cost ” cost process during contractual negotiationsUnderstand efficiency and competency risks generated by focusing solely on low costEnsure business alignment between company and contractor objectives is achieved where possible

Contract Compliance ChecksReview of contract remuneration concept before ITT issuedGenerate commercial ideas based on experience in sectorProgressive contract check and final contract auditContractor aware of review process and so more likely to be compliantProcess needs to be fair to both sidesCan strengthen Operator / contractor relationship. (A fair deal is better than a one-sided deal)

Final Account Preparation / Forensic AuditAudit of contract at close-outIdentify strategy for continuing serviceIdentify lessons learnedEnsure that contractor does not take advantage of situation because of loss of contract.Ensure that contractor closes out on good termsDocument lessons-learned for future contracts

Assistour clientsto Create Added ValueOur Mission StatementApplication of Best PracticeMinimise cost leakage from contractsValueImprovementProcesses

Xcite Oil and GasSupply Chain Specialists to the Oil and Gas Sector22-24 South Mount StreetAberdeen, AB25