Rick C. Fox

LaL has played an essential role in our ability to build and run one of the largest tension leg oil platforms (TLP) in the world. Summarizing our learnings in a few words is impossible. I will say that as the leader of Ursa, one of Shell Exploration & Production Co.’s biggest assets, my leadership team and I have gained insights, skills and tools to achieve dramatic improvements in our communication and our commitment to each other, our team and our mission. The results speak for themselves:

•   Four-month acceleration in construction schedule, estimated $40 million in savings
•   50% decreased operating costs from business plan
•   Achieved “Best in Class” uptime performance of 99%
•   Dramatically improved annual production performance by 12 million barrels (43% increase)
•   Outstanding safety performance
•   Ahead of targets and on path to achieving aggressive environmental goals
•   Outstanding inspection performance by regulators (U.S. Coast Guard and Minerals Management Service)
•   High morale among personnel, high rate of skill acquisition and advancement
•   Ursa paid out in 26 months, the fastest for any Shell tension leg platform