Hess in the Media: E&P Magazine
Hess Corporation Logo header
SEARCH

Hess in the Media: E&P Magazine

  • NorthDakota_MMorrison_0577_140521_Pumpjacks #0302_medium
02.01.2016

In an interview with E&P Magazine’s Senior Editor Jennifer Presley, COO Greg Hill outlined how Hess Corporation is making its success repeatable through implementation of Lean manufacturing principles.

Examples of those successes include:

  • Zero nonproductive time (NPT) on an exploratory well offshore West Africa
  • 62% improvement in spud-to-spud drilling performance in the Bakken
  • 50% decrease in turnaround time in Equatorial Guinea
  • Zero safety incidents and a significant reduction in construction time at the Stampede project in the Gulf of Mexico


“Basically, it’s about building a culture of problem solvers or, as we call it, an army of problem solvers,” Hill said in the interview. “The role of the leader is actually to facilitate the problem-solving process with his team of workers because the best person who knows how to fix something is the person doing the work.”

Hill added that he hoped the industry would use the current downturn as a means to focus on inefficiencies that have been built into the business. “Lean is one way to address it,” Hill said. “It is the way Hess is doing it because it works extremely well.”

“Through Lean, Hess found a way to survive the lean times present during a market downturn,” Presley wrote. “The company’s willingness to endure a journey of cultural change should contribute to its future longevity.”

Click here to read the article.

Click here to download the pdf.

Related News
  • Hess Announces 13th Discovery Offshore Guyana

    Hess today announced a new discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated gross discovered recoverable resource of more than 5.5 billion barrels of oil equivalent on the Stabroek Block.
    Full story
  • Hess schedules Q1 2019 earnings release conference call.

    Hess announced today that it will hold a conference call on Thursday, April 25, 2019 at 10 a.m. Eastern Time to discuss its first quarter 2019 earnings release.
    Full story
  • Oil and Gas Investor: The Return of the Bakken

    North Dakota’s production is setting new records, far exceeding the 2014 high. Bigger production volumes are coming from increasingly rubble-izing the rock, reports Oil and Gas Investor.
    Full story