Challenges in Hydrocarbon Value Realisation Survey

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* 1. What is your current primary work location?

Africa

Asia

Central America

Europe

Middle East

North America

Oceania

South America

The Caribbean

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* 2. In which regions do you currently operate or have production interests (tick all that apply)?

Africa

Asia

Central America

Europe

Middle East

North America

Oceania

South America

The Caribbean

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* 3. What is your job role?

C Level

Management

HVR Specialist

Other (please specify)

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* 4. How important do you think HVR is to the performance of an oil and gas company?

Not at all

Somewhat

Critical

Clear

i We adjusted the number you entered based on the slider’s scale.

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* 5. Do you think the value of the HVR function is recognised in your company?

Somewhat

Yes

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* 6. How is the level of support from your business for individuals working within HVR for:

	Poor	Ok	Good	Outstanding
Training	Training Poor	Training Ok	Training Good	Training Outstanding
Learning resources	Learning resources Poor	Learning resources Ok	Learning resources Good	Learning resources Outstanding
Career development opportunities	Career development opportunities Poor	Career development opportunities Ok	Career development opportunities Good	Career development opportunities Outstanding

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* 7. How well do you think the HVR function is supported in terms of:

	Poorly	Ok	Well	Outstanding
Technology	Technology Poorly	Technology Ok	Technology Well	Technology Outstanding
Investment	Investment Poorly	Investment Ok	Investment Well	Investment Outstanding
Resourcing	Resourcing Poorly	Resourcing Ok	Resourcing Well	Resourcing Outstanding
Influence	Influence Poorly	Influence Ok	Influence Well	Influence Outstanding

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* 8. Which items from the following list do you consider the biggest challenges to successful HVR? Rate them in order of impact, where 1 has the most impact and 5 the least.

	1	2	3	4	5
Lack of standardisation	Lack of standardisation 1	Lack of standardisation 2	Lack of standardisation 3	Lack of standardisation 4	Lack of standardisation 5
Poor software and technology	Poor software and technology 1	Poor software and technology 2	Poor software and technology 3	Poor software and technology 4	Poor software and technology 5
Lack of investment/budget constraints	Lack of investment/budget constraints 1	Lack of investment/budget constraints 2	Lack of investment/budget constraints 3	Lack of investment/budget constraints 4	Lack of investment/budget constraints 5
Poor quality data	Poor quality data 1	Poor quality data 2	Poor quality data 3	Poor quality data 4	Poor quality data 5
Lack of internal collaboration	Lack of internal collaboration 1	Lack of internal collaboration 2	Lack of internal collaboration 3	Lack of internal collaboration 4	Lack of internal collaboration 5

Other (please specify)

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* 9. What software does your company use for HVR?

EnergySys

Energy Components

Adept Axis

Quorum

Internally developed software

Spreadsheets

Other (please specify)

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* 10. If you wanted to change your HVR system, what would be the main obstacles?

Budget

Difficulty establishing the right package

Difficulties in migrating data

Time

Procurement process

Other (please specify)

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* 11. How confident are you that the data you use for allocating and reporting is correct/reliable?

	Not at all	Somewhat	Mostly	Completely	N/A
Internal data	Internal data Not at all	Internal data Somewhat	Internal data Mostly	Internal data Completely	Internal data N/A
Partner data	Partner data Not at all	Partner data Somewhat	Partner data Mostly	Partner data Completely	Partner data N/A

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* 12. Are you concerned that inaccurate/poor quality of your HVR data and processes may:

	Yes	Somewhat	No
Cause your company compliance issues?	Cause your company compliance issues? Yes	Cause your company compliance issues? Somewhat	Cause your company compliance issues? No
Lead to the company not making the best operational decisions?	Lead to the company not making the best operational decisions? Yes	Lead to the company not making the best operational decisions? Somewhat	Lead to the company not making the best operational decisions? No
Contribute to the company missing business opportunities?	Contribute to the company missing business opportunities? Yes	Contribute to the company missing business opportunities? Somewhat	Contribute to the company missing business opportunities? No

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* 13. In each of the following areas, how well prepared is your company to respond and adapt to change?

	Not at all	Somewhat	Very
People	People Not at all	People Somewhat	People Very
Processes	Processes Not at all	Processes Somewhat	Processes Very
Systems	Systems Not at all	Systems Somewhat	Systems Very

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* 14. What does your HVR department currently spend the majority of their time on, and what do you think they should be focusing on?

	Data entry/cut and paste	Interpreting and analysing data	Business forecasting	Upgrades and other change projects	Supporting operational decision making	Making the HVR software work properly
Currently focused on	Currently focused on Data entry/cut and paste	Currently focused on Interpreting and analysing data	Currently focused on Business forecasting	Currently focused on Upgrades and other change projects	Currently focused on Supporting operational decision making	Currently focused on Making the HVR software work properly
Should be focused on	Should be focused on Data entry/cut and paste	Should be focused on Interpreting and analysing data	Should be focused on Business forecasting	Should be focused on Upgrades and other change projects	Should be focused on Supporting operational decision making	Should be focused on Making the HVR software work properly

Other (please specify)

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* 15. In your opinion, which of the following could have the biggest impact on HVR in the next 5 years?

Technology

Better career progression

Collaboration

Improved access to learning resources

Standardisation

Other (please specify)

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* 16. Which of the following initiatives is a focus for your business over the next few years? Select all that apply.

Reducing carbon emissions

Digital transformation

Cost reduction

Performance improvement

Growth by acquisition

Other (please specify)

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* 17. What level of contribution could HVR make to the following?

	Low or none	Significant	High impact
Reducing carbon emissions	Reducing carbon emissions Low or none	Reducing carbon emissions Significant	Reducing carbon emissions High impact
Digital transformation	Digital transformation Low or none	Digital transformation Significant	Digital transformation High impact
Cost reduction	Cost reduction Low or none	Cost reduction Significant	Cost reduction High impact
Performance improvement	Performance improvement Low or none	Performance improvement Significant	Performance improvement High impact
Growth by acquisition	Growth by acquisition Low or none	Growth by acquisition Significant	Growth by acquisition High impact

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* 18. Finally, could we ask you to add any other issues that you think are challenges in Hydrocarbon Value Realisation?

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* 19. If you would like a copy of the results report when it's available, please provide your contact details below.

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