Foundational System Innovations
EDC introduced various innovations within its systems to improve operational efficiency and asset management. These include organizational systems, procedures, and protocols such as the integration of the ISO requirements on Integrated Management System: Quality Management System (ISO 9001:2015), Environmental Management System (ISO 14001:2015), and Occupational Health and Safety Management System (ISO 45001:2018). In addition, the Continuous Improvement (CI) Program was also encouraged within the organization, generating a value of PHP 4.1 billion from over 5,000 completed initiatives fleetwide from 2019- 2022.
We further expanded our Intellectual Capital through digital enhancements, such as the Smart Steamfield project, investments in new and alternative technology, higher resolution (i.e., higher reliability) reservoir modeling, more sophisticated chemical tracer programs, and collaborations with partners that improve our operational efficiency. In Asset Management, we implemented facility-level governance to promote accountability and accuracy while also empowering our people to lead.
We also invested in geoscience studies and research on explorations and resource management. These include geohazard monitoring initiatives, utilization of 3D modeling, drone thermal mapping, and the use of the Global Navigation Satellite System (GNSS), to name a few.