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PM Expert presented Russian project management experience at the International Petroleum Week in London

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PM Expert presented Russian project management experience at the International Petroleum Week in London


International Petroleum Week (IP Week 2013) was held from 18 to 20 February 2013 in London. PM Expert, a member of ARMADA Group (MICEX-RTS: ARMD), has become the only participant providing professional project management services in Russia and the CIS.

IP Week is one of the largest industry forums, allowing to discuss the most pressing issues facing the industry, the development issues and directions of investment, as well as innovative technologies necessary to meet the increasing global demand for energy. The Forum’s participants have presented the latest and the most promising ideas in the field of exploration and development, oil and gas mining and processing. The Forum was traditionally organized by British Energy Institute.

Each year IP Week gathers representatives of the major players of the global oil and gas market, as well as of international companies providing services to support the business. During the Forum PM Expert presented Russian experience of major projects and programs management.

The event’s speakers included top managers of such holding and multinational companies as BP, Shell, BG Group, Chevron, ExxonMobil, NOVATEK, Total, NABUCCO Gas Pipeline International, SOCAR and many others.

Deputy CEO of PM Expert Dmitry Maev, PMP PMI, CPMS IPMA, PME, in the session "The strategic role of technology in success of upstream projects" described the experience of project management in terms of outsourcing of major program for oil and gas fields’ development in the Yamal-Nenets Autonomous District of Russia. In its report “Extreme E&P project management technology" Dmitry has told the conference participants about the principles of project management that had been used in management support of the program which planned CAPEX index is about $ 6 billion.

"The gas projects program that we supported to manage was extreme in three points, - Dmitry Maev noted. – First point is an extreme climate zone of the large gas field. Second, the purpose of the program was very ambitious. Finally, our company as a contractor in project management support had to work in hard conditions of Program execution target date."

The forum delegates expressed great interest to the report of PM Expert representative and to application of project management outsourcing in the implementation of large-scale programs in the oil and gas industry. During the exhibition, organized at the Forum, delegates from all around the world - from Norway to Nigeria, and from the U.S. to Azerbaijan - addressed to PM Expert stand.

"One of the major trends in the global oil and gas market, sounded at IP Week, is the increase of the world's major hydrocarbon consumers dependence on the exporting countries, - says COO of PM Expert Jury Zinchuk. - Along with the ever-increasing volumes of oil and gas production, the industry faces the task to raise the efficiency of the management of major projects and of the programs of new fields exploitation and the existing fields development. Transfer of project and program management functions to professional PMCs (Project Management Companies) with extensive management expertise and experience in this field can reduce significantly the time of strategic projects implementation and optimize their costs."

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