Focus Area FOCUS AREA Technology Leadership Board Challenge Technology Leadership Board Challenge Short-term SHORT-TERM Medium-term MEDIUM-TERM Long-term LONG-TERM Planning Planning Hardware Hardware Functionality Functionality Rig Systems Rig Systems Hardware Hardware Decision Making Decision Making Well Management Well Management Design Design OPTIMISE DESIGN OPTIMISEDESIGN This is about changing the way we design wells to reduce cost... This is about changing the way we design wells to reduce costs and improve efficiency 20% 20% OF OVERALL COST REDUCTION OF OVERALL COST REDUCTION FLAWLESS DELIVERY FLAWLESSDELIVERY This is about delivering exactly what we planned to and reduc... This is about delivering exactly what we planned to and reducing the likelihood of surprises 30% 30% OF OVERALL COST REDUCTION OF OVERALL COSTREDUCTION MAXIMISE PRODUCTION MAXIMISEPRODUCTION This is about getting the most out of our wells now and in th... This is about getting the most out of our wells now and in the future 10% 10% PRODUCTION EFFICIENCY PRODUCTIONEFFICIENCY Slash decommissioning costs Slash decommissioning costs Rigless P&A Rigless P&A OPTIMISE ABANDONMENT OPTIMISE ABANDONMENT This is about decommissioning our wells as safely, simply and... This is about decommissioning our wells as safely, simply and cheaply as possible 35% 35% REDUCTION IN P&A COSTS REDUCTION IN P&A COSTS Decision Making Decision Making Identify alternative barrier materials Existing barrier remediation Alternative barrier verification Eliminate tubular removal Deliver triggerable solutions Remotely activated downhole barriers Improve flow path modelling Enable multi-string logging Optimise schedule and sequencing Revitalise exploration Unlock new developments Maximise subsu... Revitalise explorationUnlock new developmentsMaximise subsurface recovery Revitalise exploration Unlock new developments Maximise subsu... Revitalise explorationUnlock new developmentsMaximise subsurface recoveryEfficient offshore operations Unlock new developments Maximise subsurface recovery Efficien... Unlock new developmentsMaximise subsurface recoveryEfficient offshore operations Cleanse and condition multi-format data Standardise data collection Data-centric well engineering Integrate workflows and systems Fully automate well planning Artificial intelligence assisted well planning Drive efficiency through technology Drive efficiency through manufacturing Drive efficiency through design Increase hydrocarbon recovery Generate and store power downhole Lower intervention costs Transmit downhole data wirelessly Deliver triggerable solutions Remotely activated downhole barriers Deliver rig-wide digital operational data Enable data access across the rig Automate deck management Robotise rig system management Optimise drilling with AI Create closed loop rig systems Deliver new tools and equipment Optimise well construction Deliver downhole data Deliver full data to surface Deliver predictive drilling Artificial intelligence assisted drilling Optimise drilling with artificial intelligence Create closed loop rig systems Transform well construction methods and techniques Restore and enhance production Deliver downhole data Deliver full data to surface Identify trends Automate well intervention Artificial intelligence assisted well management Design interventionless wells Generate and store power downhole Deliver downhole data Transmit downhole data wirelessly Deliver triggerable solutions Remotely activated downhole tools Wells Roadmap Wells Roadmap 2019-2028 2019-2028 Overall Goal: 50% reduction in well construction costs Overall Goal: 50% reduction in well construction costs