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Welcome to our microsite dedicated to building a value proposition for Frontera Energy!

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Frontera (TSX:FEC) Announces 2024 Capital and Production Guidance, Estimated 4Q - 2023 and Full-Year

Frontera (TSX:FEC) Announces 2024 Capital and Production Guidance, Estimated 4Q - 2023 and Full-Year

Frontera (TSX:FEC) Announces 2024 Capital and Production Guidance, Estimated 4Q - 2023 and Full-Year

Frontera (TSX:FEC) Announces 2024 Capital and Production Guidance, Estimated 4Q - 2023 and Full-Year

Frontera (TSX:FEC) Announces 2024 Capital and Production Guidance, Estimated 4Q - 2023 and Full-Year

Frontera (TSX:FEC) Announces 2024 Capital and Production Guidance, Estimated 4Q - 2023 and Full-Year

CAPITAL FACILITIES INFORMATION HANDOVER PROCESS (CFIHOP)

WELCOMEMINIMIZING REWORK DUE TO POOR DATA INTEGRITY FROM HANDOVERS COMMISSIONING PROCESS REVIEW

WELCOME

JR ENGINEERING COMPANY has engaged John Jairo Ramírez, M.Sc., P.E., an experienced civil engineer, to develop the best business case to address the challenges in the Capital Facilities Information Handover Process. He specializes in product and project portfolio management in the infrastructure and oil/gas sectors, driving digitalization and optimization across the asset lifecycle.


At JR ENGINEERING COMPANY, we are pleased to present our solution tailored to address Frontera Energy's unique challenges in the Capital Facilities Information Handover Process. Our proposal focuses on improving the performance of Capital Facilities projects, minimizing rework, and ensuring that asset information handover meets the needs of your stakeholders. Documentation is a valuable asset, and like all assets, it has a lifecycle. Therefore, any necessary revisions can be costly at every stage of the project.


In this microsite, we will explore our strategy in detail, the benefits it can offer, and how we can collaborate to achieve your goals.  Let's begin by providing some context!

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THE HOST OF TODAY'S SESSION

VALUE PROPOSITION - INDUSTRY BEST PRACTICES TO DELIVER AN AGILE SOLUTION TAILORED FRONTERA ENERGY

VALUE PROPOSITION - INDUSTRY BEST PRACTICES TO DELIVER AN AGILE SOLUTION TAILORED FRONTERA ENERGY

VALUE PROPOSITION - INDUSTRY BEST PRACTICES TO DELIVER AN AGILE SOLUTION TAILORED FRONTERA ENERGY

VALUE PROPOSITION - INDUSTRY BEST PRACTICES TO DELIVER AN AGILE SOLUTION TAILORED FRONTERA ENERGY

VALUE PROPOSITION - INDUSTRY BEST PRACTICES TO DELIVER AN AGILE SOLUTION TAILORED FRONTERA ENERGY

VALUE PROPOSITION - INDUSTRY BEST PRACTICES TO DELIVER AN AGILE SOLUTION TAILORED FRONTERA ENERGY

PROPOSITION

MINIMIZING REWORK DUE TO POOR DATA INTEGRITY FROM HANDOVERS

💡Most organizations spend hours of rework due to poor data integrity from handovers. A common language increases data integrity, which reduces the number of times each employee needs to revisit the information.

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Problem

Rework due to documentation issues is a significant challenge in capital facilities projects, leading to costly delays, inefficiencies, and quality concerns.


Problem Dimension and Impact

Inadequate or inaccurate documentation can manifest in various ways, from ambiguous requirements and incomplete design documentation to insufficient manufacturing/construction plans, improper test plans, components over/under specifications, and outdated operational manuals. This can result in errors, misunderstandings, and the need to revisit and redo work at different stages of the product lifecycle, ultimately impacting project timelines, budgets, and customer satisfaction.


Hypothesis

By implementing a comprehensive approach based on engineering requirements and systems engineering principles, organizations can minimize the risk of rework caused by documentation issues and ensure the delivery of high-quality products that meet customer expectations.


Solution Proposal

Our company has developed a systematic approach to address documentation issues and minimize rework:


Gather the business requirements:

  • Engage stakeholders from various disciplines and departments to understand their specific needs and challenges related to documentation and information management.
  • Identify critical pain points, bottlenecks, and areas for improvement.

Do a baseline:

  • Conduct a thorough review and analysis of existing documentation practices and information management systems.

Do a gap analysis:

  • Analyze the gaps between current practices and stakeholders needs.
  • Identify opportunities for improvement in areas such as requirements management, stakeholder collaboration, data integrity, and traceability.

Develop improvement measures:

  • Measures may include implementing robust engineering requirements management processes, fostering stakeholder collaboration through design reviews and quality assurance processes, and establishing systems for maintaining data integrity and version control.

Implement improvement measures:

  • Roll out the improvement measures across the organization, providing training and support to ensure effective adoption.
  • Continuously monitor and refine the implementation process based on feedback and ongoing evaluation.

Evaluate:

  • Regularly assess the effectiveness of the implemented measures by tracking metrics such as rework rates, project timelines, and customer satisfaction.
  • Identify areas for further improvement and adjust the approach as needed.

Go to start:

  • Treat documentation and information management as an ongoing process, continuously refining and optimizing the approach based on lessons learned and evolving best practices.


How Our Company Could Do This

Our company is well-positioned to implement this approach due to our expertise in systems engineering and our commitment to continuous improvement. By leveraging the Systems Engineering Concept®, our experienced cross-functional teams, and our collaborative culture, we can effectively address documentation issues and minimize rework throughout the product lifecycle.


Open Questions

While this approach provides a solid framework, there may be organization-specific challenges or considerations that need to be addressed. Some open questions to explore include:


  • How can we foster a culture of documentation excellence and encourage buy-in across all teams and departments?
  • What are the most effective metrics to track and measure the impact of the implemented measures?
  • How can we ensure seamless integration and alignment between documentation and information management systems across different disciplines and departments?
  • What are the potential barriers or resistance points, and how can we proactively address them?


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💡 By addressing these open questions and continuously refining our approach, we can further enhance our ability to minimize rework and deliver high-quality products that meet or exceed stakeholders expectations.

Why is it worth having a common language?

Data Integrity

Most organizations spend hours of rework due to poor data integrity from handovers. A common language increases data integrity, which reduces the number of times each employee needs to revisit the information.


Cost to extrat defects

Extracting defects are very costly, especially if discovered late in the project phase. Based on your project budget and warranty obligations, you can calculate the potential savings by implementing the SEC.


System integration

Based on our experience 8-22% of all potential interfaces are actual interfaces that need to be fully controlled in order to avoid costly errors. Calculate your potential savings by being 100% in control of all interfaces in your system design!

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FAQ

A1. The old label system and RDS can coexist by mapping software between the old label and the RDS label.


A2. More information and updates about the standard series can be found at http://81346.com/


A3. It supports the entire lifecycle of a facility, from conception to end of life, and supports operation and improves the information desired for operation. We can display design requirements, product information, and operation information for the same object.


A4. 1) Project or maintenance areas within the company may be suitable to start with. 2) Start small, learn, gather experience, and expand. 3) Learn from others, avoiding making the same mistakes.


A5. It is applicable for both existing and new facilities, much like we introduced 3D CAD in our industry. The proposition is to use it where there is a positive business case.


A6. This is done to advance digitalization, to be able to digitize requirements, to support an artificial intelligent digital twin, to establish a common language within the oil and gas industry, to leverage operator proprietary specifications to a cross-industrial standard, and to allow connecting a large ecosystem with other industries and more.


A7. Requirements engineering is the overall process of developing and verifying system requirements, while requirements management is a focused discipline within it that deals with organizing, connecting, and controlling requirements changes and traceability.


A8. Proper requirements management improves communication with stakeholders, reduces defects and rework, ensures better product outcomes, and facilitates easier verification and validation of requirements.


A9. RMS tools enable collaboration, version control, traceability, impact analysis, document management, and establish relationships between requirements for better organization and control.


A10. Traceability links requirements to other artifacts like design elements, test cases, etc. This helps in impact analysis of requirement changes and ensures complete coverage during verification and validation.


A11. Validation ensures that the specified requirements meet the stakeholder needs, while verification checks if the system/product meets the specified requirements.


A12. Analyzing requirements quality helps identify defects, ambiguities, inconsistencies, etc. early on, reducing rework and costs associated with addressing issues later.


A13. Authoring tools assist in consistently capturing and structuring requirements using templates, terminology management, collaborative editing, etc. for better quality and maintainability.


A14. Prioritizing requirements helps focus efforts, while change management governs how requirement changes are proposed, analyzed for impact, approved, and implemented in a controlled manner.


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