When Oil Prices Go Below 50$/Barrel - How Do You Re-Arrange Your Capital Program Quickly In P6

In January when the oil prices fell below 50$ a barrel, many of our Calgary clients started re-evaluating their capital project plans to get the most out of this year’s investments. One of our clients was planning to invest in significant pipeline infrastructure and progress on a drilling program with 6 drill rigs on the go at any given time. The client needed to rearrange priorities and reduce this year’s plan down to 3 rigs and decrease main trunk line development.

Using our P6-Loader we extracted the capital plan, rearranged the planned project starts and priorities. We also recoded the drill rig plan at the project level, which uses our rolldown tool to push this onto the activities and resource assignments. In a matter of 1 day, we had the whole capital plan reloaded, re-prioritized, re-resourced and levelled to give management the new spending plan by project type and area. Once again we got an amazing response and saved our clients weeks of re-work time. Not only that, the senior management was able to use the speed of delivery that the P6-Loader provided to improve on the capital planning process. Not that we want to rearrange the plan that often, but when you need to deal with global economic influences on oil prices, the P6-Loader can help.