8over8’s Fifth Annual Industry Breakfast event will be held in Houston, Texas, welcoming speakers from Ernst & Young and BP. Discussions will cover the benefits to operators delivered by defining a robust and disciplined approach to high risk commercial engagements in major capital projects.
“This event is another step in 8over8’s mission to sustain a change in attitudes and practice towards operator contractor engagements in major capital projects,” says Clare Colhoun, CEO, 8over8. “At a time when 35 per cent of major capital projects blow out by over 50 per cent, our understanding of the critical importance of the commercial interface is proven to save our clients hundreds of millions of dollars”
Speakers at the event will include Swami Ranganathan, Global Projects at BP and Arno Wainikainen, Senior Manager at Ernst & Young, along with Clare Colhoun. These speakers will evaluate the global view of commercial engagement in major capital projects and look at the ways in which better discipline can be applied to reduce cost overruns across oil and gas, mining and large infrastructure projects.
8over8’s industry-leading solution PROCON, is a highly configurable platform enabling operators of large capital projects to better manage capital deployment and contract risk. It drives recognized commercial discipline into major capital projects saving owners hundreds of millions of dollars. Today PROCON is used by 60 per cent of all oil super-majors and this includes six out of the top ten most capital-intensive projects in the global oil and gas market, including leading edge floating liquefied natural gas projects (FLNG).
Valerie Behrendt, Business Manager for 8over8 Americas, says:
“We are very much looking forward to our fifth annual breakfast event, which demonstrates 8over8’s stronghold in the local market and works to further our position in setting industry standards.
“We are proud to host these distinguished speakers and look forward to their sessions which look set to offer valuable insight into the importance of managing the owner contractor commercial relationships.”
The 8over8 Fifth Annual Industry Breakfast event is set to take place at the Magnolia Hotel in Houston, Texas from 7:30am on the 17th April 2014.
8over8, an AVEVA Group company, provides contract risk management software that helps large and complex projects improve performance and profitability. 8over8’s platform, ProCon, has been deployed on over 250 projects that manage $500bn of assets, saving customers up to 5% on their capital investments. Headquartered in the UK and with offices in the Middle East, Europe, North America and Australia, 8over8 has built a loyal blue-chip customer base globally including PDO, Shell, BP, Chevron, Santos, Wintershall, Caspian Pipeline Consortium, Woodside and INPEX among others.