Integrated Lifecycle Management of Oil & Gas Assets
SCP provides a comprehensive project integration solution service model based on overall project contracting or cooperation. With SLB’s global service experience and the application of world leading processing methods and systems, we provide clents with high-quality technical services.
Integrated services cover all aspects of oil and gas field development, including the formulation of formation study and development plans, implementation of drilling engineering, professional management of drilling rigs, optimization of well completion and production management, as well as secondary development of oil and gas fields. The services we provide are strictly customized according to the unique needs of each project, ensuring that each project receives a tailored service solution. In terms of comprehensive project management, we are highly flexible in our business model, which allows us to carefully design compensation plans based on project goals, ensuring that the goals of the project owner are aligned with ours
Features of the Service Model:
1.100% Mineral Rights Retained by the Client (Owner): The IPM model operates purely on an engineering service basis without mineral rights partnerships.
Different from the cooperation mode with international oil companies, the integrated model is based on engineering services without mining rights partnership. By signing a service contract, an alliance project team is jointly established with clients.
2. The cooperation project consists of the project owner (Party A) and all parties involved, with the project leader being the project owner.
Project teams are composed of the client (owner) and participating parties, with the client serving as project leader. During project execution, there is only one team to ensure unified objectives and execution.
3. The business model is highly flexible, including participating in project investment.
In terms of business model, the integrated model is more flexible than general fixed price engineering services. In order to maximize the value of the alliance for Party A, this model can be a pure service project, and if Party A needs it, we can also choose to jointly invest in the project with Party A. At present, the general practice is to treat engineering services as project investments, and negotiate a return on investment mechanism that meets the requirements of both parties through risk sharing or product sharing. The return is based on achieving the expected output. If the project does not achieve the expected output, this model would bear the risk of the services invested in the project, thereby reducing the risk that Party A needs to bear and ultimately achieving a win-win situation.
4.Advantages of the integrated service model
· SLB’s global leading technologies
· SCP’s localized cost efficiency
· SCP Integrated Engineering Technical Service Experience