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Contents - Strategic Considerations

Review of Hess’s Supply Planning (SPL) IT Strategy Discussion Document #1 Volume 1 - Kevin Waguespack: Tactical Considerations This is Volume 2 - Marty Stetzer: Strategic Considerations June 2, 2000. Contents - Strategic Considerations. Suggested additions to your IT strategy business drivers

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Contents - Strategic Considerations

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  1. Review of Hess’s Supply Planning (SPL) IT StrategyDiscussion Document #1Volume 1 - Kevin Waguespack: Tactical ConsiderationsThis is Volume 2 - Marty Stetzer: Strategic ConsiderationsJune 2, 2000

  2. Contents - Strategic Considerations • Suggested additions to your IT strategy business drivers • As-Is discoveries - common to historic industry • The case for a Trading focus in SPL • Quick Payout Project Approach • Tools and Techniques • Lessons Learned

  3. Table of Contents • Industry Trends Affecting Hess Vision • Low Margins - Continued Volatility • More mergers-Consolidations • Global Exchange Transparency • 24x7 Trading Coverage • Electronic Commodity Trading • Independent Exchanges - Auctions • Business Internet Redefinition • Technology Changes • Bandwidth • Databases • Networked Operating Systems

  4. Research Sources • Data has been obtained from a variety of sources... • Internet • Commodity Exchange Info Sources • Industry Contacts & PwC Projects • Forbes - Business Week • Oil & Gas Journal - Hydrocarbon Processing (HPI) • Newspapers & Wire Services • Info Week & Technology Publications • Gartner - Forrester • PwC Technology Forecast

  5. Trend: Industry Innovations • Fewer players encourages rapid implementation of new industry solutions... • In PADDV, industry common distribution facilities and trucks • In pipeline, move RFG components - blend at terminals • In exchanges, eliminate or solve the exchange reconciliation problem • In pipelines, more pipelines “fungible” like Williams & Kaneb • In pipelines, use common nomination pool, i.e. the Transport4 model • In gas, FERC says all gas bulletin boards need to be Internet • In drilling, share well logging information beyond operating partners

  6. Technology Forecast: 2000 E-Commerce Update Due - 6/2000 E-Architecture: The Future • E-SCM orientation extends your system thinking... Lou Gerstner - IBM Chairman “ For the last twenty years, the information technology industry has been preoccupied with increasing the productivity of the individual worker. Now the (networked) information technology revolution is coming to change strategic advantage, and to change fundamental processes of institutions. The networked world is a transformational technology, much like all the great transformational technologies in the world, whether it was the electric light, manned flight, the automobile. It will change every part of our society.” Larry Ellison - Oracle Chairman …. Technology available to eliminate need for operating system in databases…… ……….. ……….. Scott McNealey - Sun Microsystems Chairman “The PC is just a blip. It’s a big, bright (15 year) blip, but just a blip ………. ………. ……...

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