SNERGY Global LNG Systems
09:30 - 09:55
Wednesday, 18 September 2019
S1.3 Competing for LNG Futures - Breakthrough Strategies Siezing Control
What if you could compete for the future of LNG plants and transform the future of how LNG Plants are conceived and delivered at the same time? What if you could seize control of breakthrough strategies for the LNG industry that allow you to deliver the lowest cost of LNG to an ever-thirsty world?
Learn about some remarkable insights focussing on new DNA for building new forms of competitive advantage in LNG through new layers of cost reduction, through building flexibility advantages atop speed advantages in LNG plant delivery, through building EPC supplier advantages atop Owner incentive collaborations.
How Better Collaboration, Better Risk Allocation, Better Incentives Have Achieve Breakthroughs in Transforming the Future of How LNG Plants are Delivered
Lowest cost in commoditized industries accelerated by using mixed use Risk Critical Contracts with Objective Matrices and Aligned Performance Incentives (100% Accountability for results achievement) have achieved optimal impacts on overall unit cost, and transforming future deliveries. Owner/Lender advantages of LS contracting, and EPC contractors carrying the majority of execution risk in LNG executions are challenged for the future (Risk premiums for LSTK contracts result in poorer cost outcomes, and have not prevented the 60% cost and schedule variances that have been experienced in over 60% of executed projects).
Super Charged Value Chains for Major Project Delivery Build Speed Advantages Atop Flexibility Advantages (Capital Effectiveness Significantly Improved)
Entirely new forms of competitive advantage in major projects delivery chains have been achieved by astutely reducing FEED stages and reducing development durations. Supercharged value chains result in better contractor work scope definition for all stages of project development, engineering, construction and commissioning. Epic impacts on owner cost leadership and project competitiveness.
Consolidated Air Cooling Reduces Fin/Fan Air Cooling Footprint by 25 Percent
Fin/Fan air cooling mounted atop piper racks consumes too large a footprint of a liquefaction facility. Proven techniques and innovations are available that reduce the footprint of fin/fan air cooling, and thus associated quantities of structural steel, piping, motors, ancillary equipment, instrumentation and electrical. Learn how consolidated air cooling reduces the footprint of LNG plant layouts and transforms facilities resulting in breakthroughs in overall spend with reduced execution risks.
Active Risk Critical Foresight Based Project Controls Better than Monthly Forensics
Retrospective forensic project control strategies, processes and their reporting systems are transformed with risk critical behaviour based project controls (orders of magnitude better at delivering accelerated de-risking of critical project outcomes, with shorter assured project durations).
NextGen Stakeholder Engagement vs. Traditional DAD (Decide, Announce, Defend)
Co-Sensing, Co-Learning, Co-Creation causes Shared Ownership of Key Decisions creates new DNA for environmental and stakeholder performance. Shared ownership of best intentions/futures for mutual success by moving from egosystems to ecosystems in breakthrough ways.
Opportunity sets and value creation potentialities are interesting in competing for the future of LNG. Major reductions in the cost of production of LNG possible through these breakthroughs and advanced execution strategies - proven innovations from those industries that have commoditized in advance of LNG.