f Managerial Performance in Ultra Deepwater Black Sea Operations

With increasing oil prices, one of the offshore regions that are being explored is the Black Sea. In 2010, there have been three wells drilled with at least 1800 m water depth. For the continuity and success of the projects, one thing that should not be disregarded is the importance of the managerial performance. Supplying equipment and services for such big operations in an environment that can be said to be a remote area like Black Sea may cause some struggle. Therefore, TPAO has taken over some of the contracts from their partners and developed a detailed costbook according to those. Authorization for Expenditure (AFE) is however needed to be finalized long before that, therefore built based on the quotations recieved from the third parties. Cost was tracked daily to analyze the Estimated Final Cost (EFC), Days Ahead/ Days Behind according to the planned days. It was also recorded what each activity consumed in terms of time and cost. One of the productivity measurements in the operations was nonproductive time (NPT) management. From the daily drilling reports, each activity is analyzed for its productivity and entered to the pre-built system for NPT. Thus, any unplanned activity could be determined by the incident, equipment and company. Realistic weekly reports are obtained through these studies for the time, cost, depth and productivity. Undoubtly, the most valuable asset of managerial performance is the human resource. During the execution of the project, people with different qualifications were assigned to different duties. An activity management scheme was carried out open for usage of everyone, which enabled tracking the project during its lifetime. In this study, in the field of project management of Black Sea drilling operations, evaluation of the performance in terms of the cost, human resource and time-based will be presented.