Subnet

Incorrect. A subnet is a division of a larger project, not a network of wells.

Correct. A subnet represents a distinct sub-project within a broader oil and gas initiative.

Incorrect. While teams can be involved in subnets, the term "subnet" refers to the project division itself, not the team.

Incorrect. Subnets are a conceptual framework, not a specific software tool.

Incorrect. Subnets actually help improve communication by focusing it on specific areas.

Incorrect. Subnets promote focus by breaking down a large project into smaller, manageable units.

Correct. Subnets actually make resource allocation planning more important and precise, as resources are targeted to specific sub-projects.

Incorrect. Subnets make tracking easier by providing clear milestones and deliverables for each sub-project.

Incorrect. The entire industry is much too broad to be considered a subnet within a single project.

Correct. Drilling a new well is a distinct and manageable component of a larger oil & gas project, making it a suitable example of a subnet.

Incorrect. While technology development is important, it might be considered a sub-project within a larger development initiative, not a subnet within a specific project.

Incorrect. The global market is a much larger context than a single project and would not be considered a subnet.

Incorrect. The Exploration Subnet focuses on finding and identifying oil and gas reserves.

Incorrect. The Drilling Subnet focuses on drilling wells and preparing them for production.

Incorrect. The Production Subnet focuses on extracting and processing oil and gas.

Correct. The Transportation Subnet specifically handles the movement of oil and gas from production to markets.

Incorrect. Subnets do not eliminate risks, but they help manage them more effectively.

Correct. By dividing a project into subnets, individual risks can be assessed and addressed more effectively for each specific area.

Incorrect. Subnets actually enhance the need for risk assessments, allowing for more focused assessments on each component.

Incorrect. Subnets do not transfer risk, but they help distribute risk management responsibility more effectively.

Here's one possible solution to the exercise:

1. Subnet Identification:

• Exploration Subnet
• Construction Subnet
• Environmental Impact Assessment Subnet

2. Key Tasks and Responsibilities:

• Exploration Subnet:
  • Conducting seismic surveys to identify potential oil and gas reserves.
  • Analyzing geological data to assess the feasibility of extraction.
  • Developing detailed plans for drilling operations.
• Construction Subnet:
  • Designing and building the platform structure.
  • Sourcing and installing equipment (drilling rigs, production facilities).
  • Managing the construction timeline and budget.
• Environmental Impact Assessment Subnet:
  • Evaluating the potential environmental impact of the project.
  • Developing mitigation plans to minimize negative impacts.
  • Obtaining necessary permits and approvals.

3. Benefits of Subnets in This Scenario:

• Improved Focus: Each subnet team can concentrate on specific aspects of the project, ensuring a higher level of expertise and efficiency.
• Clearer Communication: Dedicated communication channels within each subnet streamline information flow and collaboration.
• Streamlined Resource Allocation: Resources (personnel, equipment, budget) can be allocated effectively to each subnet based on its specific needs.
• Simplified Project Tracking: Each subnet has its own set of milestones and deliverables, making it easier to monitor progress and identify potential delays.
• Enhanced Risk Management: Each subnet can conduct its own risk assessment and mitigation plan, addressing specific risks related to its area.