The oil and gas industry is facing unprecedented levels of complexity and volatility. Low commodity prices, ageing assets, decarbonisation, Environmental, Social, and Governance (ESG) commitments, digitalisation, and increased regulation are forcing companies to rethink their approach to capital planning.<\/p>\n
Enbridge is a multinational pipeline company headquartered in Calgary, Alberta, Canada. In a recent webinar hosted by IQPC, experts from Copperleaf\u00ae<\/sup> and Enbridge discussed how capital planning excellence has enabled Enbridge to streamline operations and transform its decision-making processes to realise 15% more value from its investment portfolios and secure a 30% increase in maintenance capital spend.<\/p>\n Enbridge and Copperleaf began working together in early 2019 to implement the Copperleaf Decision Analytics Solution and Value Framework as part of an enterprise-wide asset management transformation.<\/p>\n \u201cCopperleaf has developed an analytical decision-making methodology that assigns a quantified monetary value to all the drivers of any investment,\u201d explained Julian Lambert<\/a>, Copperleaf Senior Sales Director for the Middle East and Africa. He explained how the Copperleaf Value Framework enables organisations to compare dissimilar investments on a common economic scale and align investment decisions with business strategy. \u201cThe framework provides an enterprise-wide view of all of the value measures that support an organisation\u2019s strategic goals, and value models to calculate how individual investments or projects will contribute to those goals.\u201d<\/p>\n