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Maersk Oil: Unlocking Potential on a Global and Local Scale

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Presentation on theme: "Maersk Oil: Unlocking Potential on a Global and Local Scale"— Presentation transcript:

1 Maersk Oil: Unlocking Potential on a Global and Local Scale
Ricardo Sookdeo Head of Group Talent & Performance Management

2 A.P. Moller-Maersk: Group overview
2 3 4 1 Companies of particular strategic importance: Operate mainly in the shipping and energy industries 130 countries wordwide Approx. 121,000 employees globally 2012 revenue: USD 59 billion Shipping 1: Maersk Line 2: APM Terminals Energy 3: Maersk Oil 4: Maersk Drilling

3 Maersk Oil: from local to global player
Expansion of geographical focus Denmark Qatar 2002 Algeria Kazakhstan 2014 Denmark Qatar UK USA Brazil Norway Algeria Kazakhstan Angola Kurdistan Abu-Dhabi 1992

4 The Al Shaheen field Qatar’s largest offshore oil development

5 A central role in Qatar’s energy mix
Developing one of the world’s most complex oil fields in partnership with Qatar Petroleum for 21 years Contributing one third of Qatar’s oil, 300,000 bpd Over 1.4 billion barrels produced to date Safely delivered $9billion field investment, on time, on budget Qatar’s largest offshore operator; employees offshore; 700 onshore; 25% Qatari workforce

6 Specialists in applied technology
Title of presentation | Specialists in applied technology Maersk Oil Research & Technology Centre $100m Investment over 10 years Horizontal wells Carbonate EOR (Enhanced Oil Recovery) Offshore environment Local training & knowledge-sharing Close cooperation with universities in Qatar and worldwide Lectures, seminars and workshops

7 Unlocking human potential
Global experience, local impact

8 Global Reach Global Experience Global Opportunity Strategy
Title of presentation | Global Reach Global Experience Global Opportunity Strategy Capabilities Specialist Talent

9 Transitioning through Leadership Pipeline
‘Assignmentology’ Experiences rather than positions Taking lead on projects Exposure to people, clients, networks Tailor-made hypercare Transitioning through Leadership Pipeline LEADING ONESELF LEADING A FUNCTION LEADING LEADERS LEADING OTHERS LEADING AN ORGANISATION 2 4 3 1

10 70% on-the-job experience
Development philosophy - 70/20/10 Approach Real responsibilities – real career development ‘On-the-job’-challenges, taskforces, special projects, mobility assignments, targeted stretch experiences 70% on-the-job experience Mentoring, coaching, counselling, shadowing, frequent feedback from peers, exposure to core people, interaction with leader Good fit with capabilities related to leadership, personality and to some extent practical skills. 20% feedback Books, seminars, workshops , e-learning, podcasts. Project planning, MS Excel, typewriting, basic economics Good fit with narrow skills-gaps. 10% courses

11 Qatar Case Study

12 Talent identification framework – local adaption Segmentation of workforce
Performance over 3 years Potential Middle 60% Highest 30% Lowest 10% Develop in current position 1 band higher within 2 years 2 bands higher within 2-6 years The ‘Talent Pool’ Identify employees with potential to grow in the organisation

13 Qatarization Development Framework
1. Assess & Review 2. Discuss 3. Execute Segmentation Framework Career Development Career Review Leadership talent pool Career Planning 70/20/10 Approach What to do next? How to fill identified gaps? Annual meetings LEAD SUPPORT EXTERNAL SUPPORT* Technical specialists M’ger Employee Coach Q’zation Bi-Annual Follow-up LEAD SUPPORT EXTERNAL M’ger Employee Coach Q’zation

14 Transitional development: Shadow support
Qatari assumes leadership role Leading a team Qatari ‘employee’ shadows leader Taking responsibility Learning the role Being a leader

15 Executive Leadership Development Facility - Rolighed, Denmark
Accelerated Development Transitional development support Cross-posting – international experience Executive Leadership Development Facility - Rolighed, Denmark

16 Unique challenges Engaging environment Rewarding careers

17 Building a legacy in Qatar
The past The future 40% increase in Qatari leaders in past 2 years 50% increase in Qatari employees with university degrees 20% increase in Qataris within technical disciplines Aim to quadruple Qataris in leadership and senior specialist roles before end 2017. Future Heritage

18 Thank-you for your attention.


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