By the end of 2016 GOM will have exactly 3 (three) producing facilities. You can speculate all day on the office in Covington, employee headcounts etc. but the math is very simple and simplistic, how much infrastructure do you need to support 3 (three) producing facilities?For those unfamiliar with Gulf of Mexico, the 3 facilities the OP is referencing are Tahiti, Blind Faith, and Jack St Malo. Reducing GOM to just that would be an enormous change and would really beg the question why GOM and DWEP remain separate business units.
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Seems like it never goes as expected,
Buyer, what buyer? They have pulled out, it's a no go. They can clearly see that the aging equipment is in desperate need of repairs, and there is no possible way they are prepared to staff these rust buckets. BSEE will not sign off the transition unless there is adequate personnel to provide coverage.
At fzm u couldn't be more right about Jessie Morris. I worked with him in SJVBU and he sucked there and still sucks. A clueless incompetent individual.
Those are some astute observations, but it's a shame that most of you will not be at Chevron to realize those changes and new management. 90% of you guys are the Dead Wood about to get Cut from the tree to keep it from falling down! Otherwise, you wouldn't be trolling this forum.
@2maz, Accountability is seen throughout all business enterprises. In Chevron, the idea of accountability has been eroded over the many years. But, this downturn will ultimately change this. Up until now, the layoffs we've seen have been directed at the regular employee. We will now begin to see some paring of supervisory and managerial staff to flatten the organization. It's hard to eliminate favoritism and cronyism, but these deeper layoffs will have the effect of tossing many people including the bad management. After the layoffs are over its my hope the Executive levels of Chevron implement a sound accountability program where success is rewards and failure is cut out.
@1wiq - your dream of ACCOUNTABILITY is a great ideology, however, CVX will never implement this idea because too many TL's and manager's would lose their jobs. My management chain is incompetent and they only got their jobs through the friends and family program using "group think" and a "yes man" decision process. My TL is being moved before the ESP and will not participate in the ESP because he is "special". He cannot manage his way out of a paper bag. The lunatics will continue to run the asylum while thousands of good employees will be laid off and thrown to the streets during an employment recession in the petroleum industry. Best of Luck to all the good employees who will lose their jobs.
@xum - you're claiming at least one Tier 1 asset has been sold without a data room? Yeah right, you've got your facts straight.
@1wiq, if only you were our CEO. What you just said is the real formula for success. I hope we are able to institute a greater degree of accountability in Chevron. It's the key factor to success. Now as far as affirmative action and the like goes, sadly these policies are held over Chevron's heads by our present government and special interest groups. Maybe your vote in November can help change that a bit.
In the new Chevron, after these layoffs are all over, I hope the company will implement a strict rule of ACCOUNTABILITY. Each job position will have its key job responsibilities and if the person holding the position doesn't produce to a certain standard, regardless of class (gender, race, etc.), they go into a probation period of 6 months. If their standards are subpar, they are TERMINATED. Just that simple. Every employee will sign an agreement to this understanding. This notion of "blind leading the blind" and "group think" will be challenged.
Jesse Morris is at GoM? Pencil neck is going to be terminated? That may be worth it! All of GoM for Jesse. We all know they will move the scrotum smoker, I bet he gets promoted.
Sad day for south Louisiana. The land was gold for the last 60 years. No more. GOM is sadly finished.
Agree with OP. It's time.
Agree with OP. Stupid to pay "Drilling Advisors" / Engineering Mgt for minimal efforts. Let's be realistic - 'time to cut deeper. At $27/bbl its time to pare our excesses where they exist (see above)...
Hey, Ron in Gom. P, we haven't forgotten that Chevron is a business that should deliver profits to shareholders. If you really mean that, why don't you be the first in line at the HR office tomorrow morning asking to be laid off.
OP is spot on. GOM is essentially finished. No additional commentary required. The dead wood and "management" should be culled quickly. Do we really need drilling advisors,/ drilling team leads when there is no foreseeable drilling in the queue? Driving Engineering Mangement - with no drilling prospects? New hires out the wazoo - time to cull the fat and useless resources. Our dividend is critical for investors. Have we all forgotten that chevron is a business which should deliver profits to shareholders.
By the end of 2016, we may have those three producing facilities in the GoM, but it's not likely to end with only three. We should be getting Big Foot back by late 2017 if not sometime in early 2018. What others am I omitting?
All GOM employees are not from Louisiana. I am from Louisiana, worked with and around, but not FOR GOM. I worked in another BU and absolutely cringed whenever circumstances required that I had to interact with them.
-xpo. The OP has their facts straight. All but three assets have deals completed on them and will be transitioned to the new operator over the next year.
Whoever posted the original post needs to get the facts straight on how many production facilities GoM will have before complaining. Obviously they either not a GOM employee or Chevron employee.
I worked with Jesse Morris at SJVBU. How in the f--- is he still here? As simple as drilling is there he f---ed it up! In my career at Chevron Jesse is by far the dumbest D&C employee. And that is saying a lot!!! How can we keep a jackass as we cut thousands of competent employees.
@apv is correct about the one-year agreement with the buyer to retain the ex-Chevron employee. After one year, the buyer can let go any number of employees (without severance), but the likelihood all are let go is a stretch. The field needs personnel to run it.
Couldn't happen to a more bigoted, hateful and petty group of people. I worked many different locations - none matched the disgrace of the Northpark office and its repulsive people of SE Louisiana.
Teir One properties haven't even been package to start accepting bids. I'm not saying they won't be sold, but it is not possible for it to happen in 2016.Field employees will continue working with the buying company. But that's only guaranteed for one year, as a condition when Chevron has sold field assets in the past. After the year is up, the buyer can cut them loose without a severance plan or other benefits. Look out folks. Chevron saves themselves some big bucks in the process, and you later get the shaft. Typical "Chevron Way".