Abstract
As every organization grows they need to ensure that processes are in place to attract, retain and develop their talent. Succession Planning and Management is a strategic process that focuses on creating a sustainable value chain of high potential talent who have the requisite knowledge and skills to lead and manage new organizational requirements and address business challenges. To manage this process they need to adapt a range of methodologies to select, measure and distinguish between those who are truly high performers with potential.
Abu Dhabi Company for Onshore Oil Operations has implemented the succession planning system from way back in 2006 in preparation for significant challenges in the horizon for which the organization needed to be prepared for:. The challenges included:
Growth in production targets from 1.4 Mbpd to 1.8 Mbpd by 2017
Maturing and more complex fields
The need for new technology to be installed to enhance recovery and oil extraction
The emerging crew change brought forth by aging manpower and experience dilution and the steep learning curve for newcomers.
Reaching the Emiratization target (75%) by 2017,
Implementing a succession plan process within the company was seen as one of the significant intitiatives to support the development of technical capabilities and leadership capacity to address these challenges.
