The Influence Matrix Analysis Of The Oil And Gas Industry

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Introduction
For the past three years—due to the global surplus of crude oil production resulting in lower crude prices—oil & gas industry has become a dynamic marketplace and the constant drive for survival and excellence has put the companies on toes to modify their strategies for the next round of competition. Consequently, cost optimization is the near-term strategy in the whole oil & gas industry, and Qatar Petroleum (QP) is no exception. As part of cost optimization, QP examined all the current and the future environmental and climate change initiatives using microscopic lens. Aligned with the QP’s vision to achieve world-class environmental protection by 2030, one such initiative led by me, is the development of Corporate Environmental
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Indicators of the influence are the 4R’s: Resources, Responsibility, Rules and Relationships. Influence matrix analysis (Appendix I) for the stakeholders involved in this initiative shows that they fall either in the top right of the influence matrix or bottom right of the influence matrix. Let’s examine, in detail, the sources of their power and influence. Executive VP of HSE & Business services has both authority power—reporting to the CEO of QP— as well as influence. Primary source of the influence comes from resources (heads over 600 people) and positional power (2nd inline delegate to the CEO). My supervisor—Corporate HSE manager—reports to Executive VP of HSE & Business services. His primary source of influence is reputation within the organization, resources (heads over 150 people) and positional power (1st inline delegate to Executive VP of HSE & Business …show more content…
Similar to Executive VP of HSE, Corporate HSE manager’s primary objective is to ensure that QP operations are achieving the HSE goals/ metrics in the cost effective way, especially in this tough macro environment. Technical advisor to VP of Operation’s role has a dual responsibility to ensure that oil & gas production targets are met while striking an optimal balance between HSE initiatives and production targets. Finally, the Corporate HSE controller’s primary role is to allocate budget while ensuring successful implementation of cost optimization within the corporate HSE

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