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.