Investor Day quietly skimmed over Anchor. Word on the street is problems on the Wells side. No big surprise there given the people involved.
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@aahl, I bet you're working Angola assets.
Haha, I think I heard of the fishing hipot. He was great fun drinking beer but a mediocre engineer. Unfortunately.
I found that historically a lot of the typical incompetent Chevron personnel lacked the skillset(s) that GOM traditionally has possessed and they are horribly jealous and tend to bash them at any opportunity. I have experienced that for myself. I am not in GOM but I knew who to go to there to consult with, and that's because there were always more people there that know what they are doing than any other BU. That's simply a fact. I never seek advice from other BUs that I do from GOM because they simply don't know the answers and have never done the things that GOM has done technically. Now that some of the older players have retired that has changed quite a bit but there's no one in any other BUs that could replace them either. Things change and sometimes for the worse.
I have had the displeasure of working overseas with half a dozen or so exported GOM alumni over the years. Petrotechs. They all had the same behavior. They were 100% convinced that all their training and experience in GOM transferred directly to other areas, even when the evidence was staring them in the face that it was not. Huge mistakes ensued. The other thing we often saw was that GOM hi-pots were frequently unmasked to be average or even low-pots in comparison to typical staff anywhere else. One guy was a hi-pot because he liked to fish with a GOM GM, haha. His technical skills were marginal at best.
GOM typifies everything that is wrong with Chevron.
The sooner we finally dispose of the cesspool that is GOM with all its so called hi pots and inbred family's the better.
Ever notice how when DWEP was turned over to GOM about a decade ago, everything went downhill from there? No new production brought online. No new discoveries. No significant lease acquisitions. Hint: DWEP had a history of managers who were external hires. GOM is (and always has been) a petri dish of career Chevron high-pot managers and their cronies.
Anchor requires smart, insightful, risk-takers. We don't have any of those (anymore), so Anchor will be over-designed, under capacity (for water or gas or both), unable to accommodate satellite fields, way beyond budget, and probably late. But, as usual, there will be award ceremonies, promotions, and back-slapping in the C-suite.
I agree the PM is pretty terrible but from what I could see GOM had nobody else. No choice.
No surprise with the PM, one of the worst. Certainly leaves a trail
There was a push about 6-7 years ago to do like Anadarko (via Kerr-McGee) did in the deepwater, "design once, use often", where all the engineering that was needed was to scale up or down the design for the particular project. Obviously, that would make a lot of Chevron FE, review boards, advisors and a gaggle of consulting companies unnecessary, so the idea was never allowed to catch on. Instead, we still do ornate, complicated, and all-too-often obsolete by first-oil designs (think Tahiti, Blind Faith, Big Foot).
Subsea and wells are not playing nicely together as usual.
A PM forcing decisions. Sounds like a rerun of launching Big Foot against advisement and sending the tendons to the Gulf sea floor..
Heard there is big issues with the subsea trees and major issues being hidden my the project manager even though he will not sign his name to the decisions. Forces others to toe the line.
Talents from North Sea are in full display here at Anchor. So just listen to the BS and don't look at the results, puh-leez!
Anchor is a multi-billion dollar project, with a projected life into the 2040's, well beyond the remaining careers of any of our EVPs or BODs. You know that SR is quietly mulling over whether to continue with it or sell it off and plow the proceeds into executive bonuses, stock buy-backs, and the Permian, all of which have more immediate impact on their personal wealth.
"women is" if "your" not
Yes, let's hope it's dr-gs and not pure illiteracy.
What is being smoked in this company? "RM is the most talented person in the company, hands down" seriously the women is responsible for destroying a once great organization ,removing all the white male talent and filling positions based on race set and orientation rather than on best person for the job......if your not on dr-gs please explain you reasoning for having such an opinion of RM
RM is the most talented person in the company, hands down!
AE and his blue eyed Brit’s failing? How is that possible? A firewall was built to protect these exceptional talents in 2020, surely they cannot fail…
No surprise at all. Anchor is a development challenge, but unfortunately the experienced deepwater drillers were forced out in the 2020 purge, to be replaced by GOM high-pots and the clueless, and no budget. What used to be the premier upstream BU is now a struggling afterthought. Oh, well, at least we have the Permian...
RM and her functions can find wells
No problems
HR is the core business now
Few billions lost again because of her incompetence in retaining the talent that is needed to run the business Safely
At least we have not ki-led any one there …..
yet I guess
Is anyone surprised that "wells" have failed.....we got rid of all the folks that knew how to find and develop oil fields.
The current folks are only in place to satisfy D&I quotas.
Wouldn’t be the first MCP derailed by Wells, that’s for sure.