MooD-based PROMIS solution delivers business portfolio management
Shell has been finding and producing oil and gas around the world for over a century. Today, the company has interests in Exploration & Production (E&P) ventures in more than 36 countries, employing around 28,000 people, and investing some $20bn annually, within a total portfolio of 1100+ oil and gas projects worldwide, and a total capex value of over $120bn. And Shell has been using the MooD software to help report on management information on ongoing project delivery since 2006.
Managing information about this portfolio (including data collection, analysis, visualisation & exploitation) is critical to informing the complex, multi-level investment decisions, trades and balances, and for this purpose the Shell E&P management team uses an environment called PROMiS (Project Management Information System). MooD software was chosen by Shell as the front end of the system, drawing upon a range of live operational feeds, to ensure ease of access and interpretation, strong visualisation, and the configurability of the system in line with changing business needs.
“Let me assure you that this (system) is vital if we are to establish ourselves as the leading international oil company in terms of mega and minor project delivery.”
Malcolm Brinded, Director and Head of E&P International
PROMiS is now deployed live across the Shell global project portfolio across six continents. The single shared database maintains an extended range of cost, schedule, reserves and production information across all of Shell’s major projects. “Let me assure you that this (system) is vital if we are to establish ourselves as the leading international oil company in terms of mega and minor project delivery” says Malcolm Brinded, Head of E&P International. “Support for this system is extremely important to add to individual project efforts to make sure that we manage the whole portfolio as well as we can, to ensure consistent data, consistent information on which management decisions are taken, and on which we allocate resources and essentially take our decisions.”
As Shell’s business continues to grow and develop, the MooD software is enabling a visually compelling perspective across the portfolio of Exploration & Production (E&P) projects, delivering a number of key benefits:
- provides significant cost savings through a consistent and highly visual perspective across portfolio data, replacing the previous (manual and costly) process of compiling portfolio views from many disparate systems and reports: nearly 900 metrics are tracked;
- presentation of consistent and timely (data is refreshed hourly for near real-time analysis) project performance information with inbuilt flexibility to meet different reporting requirements from different audiences from a common database;
- increased governance makes it much easier to spot issues, and greatly reduces lead time on any necessary interventions. In addition, users can create their own custom reports (in Word or PowerPoint) on ad-hoc selections of projects, using dynamic search features, making it easy to extend the reach;
- one platform, one language & one set of project performance reporting standards across the globe.
“PROMiS is critical to Shell as it enables us to assure project delivery and to lever and maximise value from the $20bn annual CAPEX spend across our exploration and production project portfolio. It’s flexible enough to create tailored reports and views across the information and of sufficient scale to incorporate other metrics as our business needs change and develop.”
Speaking about the system’s continuing development, Shell’s Head of Project Reporting, Rob Hockel, says “PROMiS is critical to Shell as it enables us to assure project delivery and to lever and maximise value from the $20bn annual CAPEX spend across our exploration and production project portfolio. It’s flexible enough to create tailored reports and views across the information and of sufficient scale to incorporate other metrics as our business needs change and develop”. The success of PROMIS in upstream reporting has also led to rollouts in the Wells and Producing Assets communities, and it continues to be used daily as a flagship product.
Shell is a global group of energy and petrochemicals companies with around 101,000 employees in more than 90 countries and territories, producing 2% of the world’s oil, 3% of the world’s gas, and yielding 3.1 million barrels of gas and oil every day.