Professor of Petroleum Engineering and Management, University of Adelaide
Steve Begg is Professor of Petroleum Engineering and Management in the Australian School of Petroleum at the University of Adelaide. His focus is on tools and processes for decision-making under uncertainty, including psychological factors and eliciting expert opinions.
Before joining The University of Adelaide in 2002, Steve was Director for Decision Science and Strategic Planning with Landmark Graphics Corporation (a Halliburton company). Prior to that, he worked for BP for 13 years, the last 6 of which were spent in a variety of senior geo-science and engineering operational assignments in Alaska, which spanned production-forecasting, economic evaluation, petroleum engineering and reservoir characterization roles. He also spent seven years as a researcher and Project Manager with BP Research, where his focus was on subsurface heterogeneity and uncertainty modelling.
He has been a Distinguished Lecturer for both the Society of Petroleum Engineers (SPE) and the Association of Petroleum Geologists (AAPG) on uncertainty & decision-making topics. In 2014 he was elected to the Board of the Society of Decision Professionals (SDP). In 2016 he received the SPE’s top international award for the Management & Information discipline for his work on decision-making. He currently sits on the Society of Petroleum Engineer’s (SPE) Management and Information discipline committee and the Distinguished Lecturer Committee.
Steve has published numerous papers on topics such as investment evaluation/economics, decision-making, psychology of expert judgements and geological modeling. He is co-author of a book, “Making Good Decisions” and is a frequent keynote speaker at industry conferences.
He holds a PhD degree in Geophysics and a BSc degree in Geological Geophysics from Reading University in the UK and has taken executive education courses at MIT and U. Texas, Austin.
Steve will be a keynote speaker at Collaborate | Innovate | 2018 on Tuesday 15 May.
Making good decisions
Workshop, Wednesday 16 May, 0900–1230
There is strong evidence that many Oil and Gas (O&G) projects are plagued by large cost and schedule overruns, or significant under-performance in productivity. Similar evidence exists for mining projects.
Decision outcomes are largely determined by two factors: the choices we make (which we can control) and uncertainties over which we have no control. The best we can do to get good outcomes is to make good decisions. But have you ever been taught how to make a good decision? Would you know a good decision if you saw one?
This workshop will introduce Decision Analysis (DA) and the Decision Dialogue Process (DDP) – a non-proprietary, rigorous approach to decision-making, used for over 50 years in a variety of sectors such as oil & gas, public-service, pharmaceuticals, IT, military, aviation, health, environment, etc. Together, they provide a structured, pragmatic and auditable methodology (process and tools), under-pinned by evidence and sound reasoning, to help people create and evaluate options – leading to high quality, compelling decisions. The methodology is entirely scalable in that its principles can be implemented within a few minutes or over weeks or months, depending on the nature and importance of the decision. Thus it is applicable from relatively ‘small’ decisions (hiring an employee; choosing a supplier of services or software; acquiring data) through to high-consequence decisions (major projects; organisational strategy). It also applies to personal decisions (choose a job, or house; where and when to retire).