Strategies, Governance, and Performance
With the integration of IMS, EDC elevated its organizational processes and systems, reduced risks, and generated additional revenue and cost savings. It also empowered its people through enhanced initiatives on employee engagement, welfare and development, which improved culture and behavior. For our customers, this translated to a continuous delivery of excellent care and services.
To ensure these initiatives are efficiently executed, EDC embedded the IMS in the company’s business processes. We regularly conduct audits for monitoring and enhancements. For the Continuous Improvement (CI) Program, we collaborated with Culture Workstream and Vertical CI governance for execution. We also identified CI Sponsors and CI Champions per vertical to further integrate it within the organization.
In Asset Management, the implementation was conducted and monitored by the Reliability and Asset Integrity Management Group under Facilities Operations and Maintenance (FOM). The Asset Management Lead represents each facility, and the squad members were composed of operations and maintenance personnel, led by a scrum master from the Reliability Group. The maintenance and management of our facilities were prioritized through a governance structure integrated into the end-to-end asset management framework.
Technology was also leveraged through the launch of the DrillApp, a cost-efficient drilling application that identifies strategic locations for well planning, and the Smart Steamfield with sensors installed in wells that monitor steam availability. A Strategic Technology and Innovation Squad was assigned to develop and implement the new drilling technology.
Additionally, EDC explored Resource Modeling that offers data in predicting where to drill for optimal steam generation. In Well Asset Performance Monitoring, we prioritized:
1. Accessibility and availability of all well monitoring data needed for well risk assessment
2. Identification of gaps on well condition monitoring
3. Providing accurate diagnostics and predictive capability on well performance monitoring
The Well Risk Review Framework and the Well Risk and Asset Management program were successful. In 2021, these initiatives developed the Critical Asset Risk Register, Long Term Asset Plan, Asset Investment Plan (CARR-LTAP-AIP), well utilization protocols, critical wells standard operating procedure (SOP), well incident protocols, and well condition monitoring.
Our Natural Catastrophe Risk Management equipped us with Landslide Mitigation, Typhoonproofing, and Earthquake-proofing Programs. These are crucial in protecting our assets and facilities, particularly in high-risk areas prone to landslides, flash floods, earthquakes, extreme wind, and forest fires. This value-at-risk approach to risk assessment guided EDC on prioritizing investments, bringing optimum value to our customers and shareholders.
Through geoscience studies and technology upgrades, we implemented Rapid Earthquake Damage Assessment System (REDAS) for geohazards assessment in operations fields. We also monitored initiatives on well drilling and design by evaluating the fault’s permeability, targeted for production and injection wells. Radon gas anomalies were mapped to help identification areas with potential permeability, while microseismic tomography modeling from permanent seismic stations were used to track possible geothermal fluid movements.
Furthermore, we invested in alternative technologies such as a 3D Gravity modeling software for modeling gravity data and a 3D magnetotelluric (MT) modeling software for MT data. These are just some of the geophysical tools that added value to EDC’s resource delineation activities which further strengthened its operational capacity.