Bringing Global Capabilities to Meet Local Needs

As countries around the world look to develop their local assets and reserves, they turn to global companies to help make it happen.

The discussion revolved largely around the themes of relationships, collaboration, and respect. For instance, Mr. Cao felt global companies should collaborate with universities and local authorities to establish ways to transfer know-how and technology to the local workforce; and that health, safety, and respect for the environment are also crucial. Mr. Mayland concurred, also emphasizing that understanding local needs is key to nurturing the relationship and identifying priorities for all stakeholders.

You start from the standpoint of remembering that you’re given one mouth and two ears, and the importance of listening first.

Michael Utsler, Chief Operations Officer, Woodside Energy

Mr. Utsler added that a challenge for companies, having invested considerably in their internal capabilities, is to consider how to leverage those capabilities to distribute and transfer knowledge across the local value chain. Mr. Ontyd referenced the industry-wide talent gap, saying it’s important to take care of experienced people who are enthusiastic about transferring their knowledge to younger people at the local level.

The environmental, social voice is here to stay. We need to be transparent… we should be proud that we can demonstrate that we deliver projects safely, responsibly, and that we’re bringing energy to transform people’s lives.

Paul Mayland, Chief Operating Officer, Cairn Energy

The panel cited BHGE as a good example of a global company that helps operators improve localized services, skills, abilities, and opportunities in many countries—sharing the lessons learned with the wider industry.

My advice would be fair treatment, because if you squeeze out the last penny from contractors, you can’t expect them to help you when you need help.

Reinhard Ontyd, Chief Commercial Officer, Nord Stream 2

They concluded with the agreement that localized developments have to be win-win.

Bringing Global Capabilities to Meet Local Needs

Video Presentation