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Our Results
Business Transitions
The Bruce (98%), Keith (100%) and Rhum (50%) assets consist of over 25 wells, three bridge-linked platforms, with the PUQ Platform providing accommodation for 168 people, and extensive subsea pipelines and infrastructure that tie-in Rhum, Keith and the Western Area of Bruce to the Bruce facilities. Collectively, these assets provide a significant contribution to the UK gas demands.
Matrixx Solutions provided one of their experienced consultants to programme manage delivery of the bp to Serica Energy Transition.
The Matrixx Solutions Consultant coordinated the announcement of the sale and purchase of the assets to the incumbent workforce and external bodies. They also focused the teams on identifying and actioning critical path activities that would reduce the overall time to deliver the transition.
From the outset of the transition, the Consultant actively worked with seller and buyer executives to establish clear Transition Governance.
Matrixx Solutions’ five-phase approach was used to comprehensively transition the assets from bp to Serica Energy. This involved coordinating activities across 12 workstreams, from functions such as Commercial & Legal, Finance, Supply Chain & Logistics, and Drilling Operations.
The Matrixx Solutions Consultant coordinated and facilitated four critical workshops throughout the transition, to keep the project teams aligned and focused on completion of agreed deliverables.
Our consultant introduced integrated planning processes, to ensure that hundreds of functional activities were systematically transferred from bp to Serica Energy. Formal progress reporting was undertaken to keep executives updated on progress and to enable cross-workstream or significant issues to be identified, escalated and resolved.
Following the “Go” decision to complete the transition, the Matrixx Solutions Consultant oversaw the sign-off of all Category A deliverables, and enactment of the freeze calendar and cutover plan. All this led to a successful transition, fully completed within 11 months.
$400 million: Value of assets being transferred from bp to Serica Energy.
110: Number of staff who operated and supported the assets who were transferred with the business.
3: Number of bridge-linked platforms sold.
On-time completion: The transition was completed within the planned timescale of 11 months.
"The methodology for transitioning multi-million dollar assets, people, processes, and systems over from BP to Serica Energy is a complex one. This Transition consisted of twelve diverse workstreams, including HSEQ, People, IT, Commercial and Operations.
At it's peak BP and Serica Energy employed over 60 people to effect the transition. However, Matrixx Solutions made this simple. Their Consultant brought a wealth of practical Transition Management experience that helped us deliver the important aspects of the transition. There were four critical 'set-piece' workshops that he orchestrated and facilitated. These were very successful in focussing the BP and Serica Energy teams on delivery, and kept everyone engaged and aligned.
If you are planning to acquire or divest multi-million dollar assets I would definitely recommend speaking to Matrixx Solutions about how they can help you." Peter, Serica Energy Transition Manager
