Back To Operational Improvement Case Study Operational Improvement International Oil Company THE FIRE One of the world’s largest International Oil Companies wanted to reduce their offshore exploration risk exposure while capitalizing on their proprietary advanced intellectual property technology. Increasing over-regulation by Bureau of Safety and Environmental Enforcement. Declining commodities, industry BOP monitoring rates and Industry Day Rates. Multi-billion-dollar offshore exposure. THE RESCUE Conducted an assessment and valuation by interviewing essential department heads. Developed a comprehensive business plan which included complex 60-month proforma financial projections and revenue model. Recommended spin-off of IT IP into another entity to reduce exposure, while developing a contract to provide services back to the company at a significantly lower cost. Assisted company in obtaining a key certification. Engaged central team members with a working live cash flow 5-figure financial model. Recommended additional contractor income stream by offering advanced technology services to other competitors. Locked in industry low costs over a 10-year period with an option to lower them if day rates dropped below certain levels. THE RESULT Reduced overall risk exposure. Improved cash flow. Increased revenue and profitability. Improved relationships with regulatory agencies.