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Norton Straw supports new business launch - 17 March 2015

Norton Straw supports new business launch

In January 2015 GE and McDermott launched io oil & gas consulting, a new independent venture aiming to transform the development of field development solutions for the offshore oil and gas industry.

Norton Straw Consultants was engaged by McDermott during the business planning stages prior to the launch of this new and exciting venture. 

Norton Straw Consultants' Dr Matt Straw worked alongside Dan Jackson (io's CEO) and Mark Dixon (io's CTO) in developing the operating model for this innovative business.   

io consulting's scope of services range through portfolio evaluation, exploration and planning support, appraisal and feasibility, conceptual engineering and FEED to the final investment decision. Furthermore, unlike any other field development consultancy in the market today, io will consider the full field as one system with the technical insight to develop every aspect of the front-end solution.

Matt Straw worked alongside the io consulting team to produce an operating plan aiming to transform the field development industry.  Matt commented that "this business will create a shift in how the industry undertakes its field development planning.  The operating plan has been developed to allow io consulting to deliver complete solutions from the reservoir to production facilities and export systems, something that I am sure the industry will embrace."

Dan Jackson, Chief Executive Officer of io said "Two thirds of projects in the offshore sector run over budget or are delayed or cancelled so it's clear we need to challenge the traditional way the industry operates. io has been set up to far more effectively design and manage projects up to the point when investment decisions are made. It combines industry expertise and powerful thinking to deliver greater certainty of costs and schedule to operators at time when they need it most."

 

For further information about io Consulting please see http://iooilandgas.com/

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