Challenge
Our client was concerned that historic project expenditures relating to onshore materials and logistics were excessively high over regional norms and could be a barrier to future project sanction if not reduced significantly.
We were asked to evaluate how improvements could be made and costs reduced ahead of the next operational phase of the development project.
Approach
A specialist team of materials & logistics and project improvement experts were assigned to deliver the project and provide the necessary assurance to our client.
Working in partnership with our client, we identified and mapped out the critical factors for our client’s success, identifying the key drivers of influence.
Solution
Following the data collection, an initial review showed that the existing data were of poor quality and required significant additional efforts to clean up prior to analysis. There followed an in-country client office and site visit to fully understand the actual geographical and other challenges of the environment. Our in-country visit enabled the identification of seven main workstreams to evaluate and optimise.
Outcome
The Telos team identified 20 significant opportunities for improvement with associated cost savings of $33 million.
