Mature Assets Management Complexity
Major and most Operators do very good jobs on developing assets until they became mature/marginal, taking the swept spots of the fields. To identify and to produce the remaining potential oil from Mature/Marginal Assets undoubtedly requires specific Experience/Expertise to Manage and Take (More) Risk Economically.
To Take These Risks is necessary acknowledging that the success will rely on your commitment to Achieve your Goals associated to strong mitigation plans to minimize the identified Hazards/Consequences (including Financial ones).
Your actual and future Mature Assets Still Have a Lot to Deliver even in Challenging Oil Environment, Trough a sound Operation / General Management strategy, We trust we can and will help you to succeed to do so with A “Keep it «simple»”, Pragmatic and Cost Efficient Win-Win agreement.
The goal of BALDENCO is to develop with your team a 5 years Operation and Production Optimization Executive Plan which will identify, rank and prepare for delivery the Opportunities for improvements within a pragmatic phased “waves” vision .
Typically first wave will target to achieve 5% to 15% production optimization/increase and 10 to 20% Opex Optimization within first 12 to 24 months”.
Baldenco SAS is a consulting start-up dedicated to engaging in a privileged win-win collaboration with your organization. Our objective is to demonstrate that Baldenco SAS will be your partner of choice for true value evaluation and optimization.
Baldenco is convinced that applying the right strategy and management philosophy to E&P mature/marginal fields optimization or M&A projects can lead to significant achievements within a 12 to 24 months period. From "Day-1," under a win-win contractual strategy, we will focus on creating added value for your investments and operations in mature and marginal assets.
Our goal is to ensure that (new) Operator/Partner, all stakeholders (including financing institutions and regulators) can benefit from optimum sustainable value considering the associated risks and opportunities through some key drivers as below :
Increasing existing oil production by 5% to 15% and maintaining/optimizing the associated production plateau.
Optimizing strategic business continuity plans.
Reducing operational costs by 10% to 20%.
Increasing net profit value by 10% to 20%.
Improving/developing self-financing capacity at the operating unit level from existing wells and for future (re)development projects.
Enhancing sustainable dividend distribution for shareholders..
Driving Sustainable Value Creation in Mature and Marginal Assets
The challenge for Executives is no longer deciding whether to pursue strategic initiatives but rather ensuring their success in creating sustainable value. With a failure rate of 80% for strategic improvement initiatives, many organizations struggle to deliver tangible outcomes despite significant investment.
BALDENCO SAS offers a solution, enabling businesses to unlock hidden opportunities and drive measurable value in their mature and marginal assets.
Strategic Imperative:
Success hinges on how initiatives are executed, not only whether to execute them.
Efforts must align with the interests of shareholders, investors, and partners to ensure sustainable value creation.
Industry Challenges:
High failure rates in improvement projects, even with renowned consultants, highlight systemic inefficiencies.
Traditional, top-down improvement plans for marginal/mature assets are often costly, difficult to implement, and prone to failure.
Opportunity Recognition:
Many untapped opportunities remain, from minor adjustments to significant innovations.
Improvement potential is often constrained by internal organizational limitations and mindsets.
Innovative and Pragmatic Solutions:
We specialize in tailored approaches to unlock value and overcome the unique challenges associated with mature/marginal fields.
By identifying and addressing specific operational and strategic gaps, we maximize opportunities for improvement.
Collaboration and Dedication:
BALDENCO SAS works closely with executives to reassess or redesign improvement plans, focusing on practical, results-driven strategies.
Emphasis is placed on pragmatic execution rather than costly and complex corporate programs.
Sustainable Outcomes:
Our expertise ensures that initiatives are not only implemented effectively but also deliver measurable, lasting value.
Executives must choose to transcend the limitations of traditional approaches by embracing innovative strategies.
With BALDENCO SAS as a trusted partner, organizations can transform challenges into opportunities and deliver exceptional value in the competitive landscape of Mature and Marginal assets.
“The goal of BALDENCO SAS is to develop and review with your team a 5-year Operation and Production Optimization Executive Plan, identifying opportunities for improvements typically resulting in a 5% to 15% production increase and 10% to 20% Opex optimization within the first 24 months.”
BALDENCO SAS firmly believes that creating and implementing a “5-year Operation and Production Optimization Executive Plan” specifically designed for your marginal/mature assets presents a key opportunity for new successes. Our objectives include:
Maintaining sustainable oil production levels with minimal decline rates through optimized SPECIFIC OPEX for existing well/facilities inventory.
Optimizing existing production to achieve a 5% to 15% BOPD increase within the first 12 to 24 months with optimal self-financing Capex/specific Opex.
Financing higher CAPEX investments for brownfield/greenfield development projects to increase the current production plateau by over 15%.
Delivering higher dividend levels.
Increasing asset value if divestment is considered the strategic way forward.
The executive business plans are recommended to be holistic and will be organized in phases, depending on each asset and the company’s strategic objectives for the studied assets:
Level #1 Strategy
These actions represent the strategic Phase 1 vision, focusing on "quick strike-high impact" opportunities for improving operations towards optimum production and Opex, and enhancing self-financing capacity:
Embedded within operating unit management and operation teams.
Identify, prioritize, and deploy proactive (corrective if necessary) efforts to create maximum operational value within the first 18 months after reviewing and identifying opportunities.
Level #2 Strategy
These activities are larger, cross-functional improvement projects that create best-in-class practices and millions of dollars in breakthrough operating performance.
Develop an aligned, organization-wide improvement strategic vision for Phase 2 (mid-term) and Phase 3 (long-term).
This effort represents the unlimited opportunities for improvement that must be continuously mined, prioritized, and scoped relative to alignment with the company’s business plan.
Focus on process creativity and innovation beyond incremental "As-Is" improvements.