Without doubt, the future holds higher standards for safety as well as the requirements for improved efficiency in drilling, completion and production. This paper highlights the need for a strategic vision in any corporate venture, and the leadership essentials necessary to instil this vision. A discussion on motivation and overcoming institutional obstacles are part of this discussion. Defining Critical Success Factors will be covered as well as identifying the principal threats that could prevent success. Having done this, establishing high payoff activities to prioritize a team's time and talent is essential. This can be accomplished while maintaining the company's strict guidelines on honesty and integrity.
Ideas on planning, organizing, delegating tasks, measuring and monitoring, as well as reporting and fighting the fires that inevitably present themselves will be shown and their implementation will be discussed. The paper will show that it is not always the strongest companies that survive, or even the innovators, but the company that is most adaptable to change is the one that will ultimately be the most successful.
