NOV Finance Orientation

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8 Νοε 2013 (πριν από 3 χρόνια και 11 μήνες)

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1

NOV

Online Learning Script


NOV Finance

Orientation

Media Title

Oil Industry

Intro

Writer

Hilary Thomas

File Name

NOVFinance
_mp0
2

Version

Version

2_September 30,

20
11

Content

Description

This media

piece is approx
5 minutes long; I
t will introduce
the energy industry to
the
learner.


Template

Description



General Design

Notes


Sync text to narration.

Video

Notes


No video.

Voice Over

Notes


Music Bed

Info


Learning

Objectives


1)

N
/
A

Assessment

Items


1)

N
/
A






2

NOV

Online Learning Script


On Screen Elements

Sound Elements

Video/ Motion/
Graphics

Audio/ Narration

Panel 1:

Music bed on a loop for the whole piece.


Design Open to Designers’ Input


Text:

Note to Artist:

Use logo and text standards.


Image:
Slide 1


Slide 2



Slide 3





Narrator:

(cue slide 1)

The
energy
industry

spans

the entire
(cue slide 2)

Energy Value Chain
. This

includes

everything
from

finding hydrocarbon resources in rock strata in the
ground

to accessing it and
producing it from
underground,

to transporting it,
and processing it
into
(cue slide 3)
fuel, gasoline, energy, power, and
the chemical building blocks that
make up

almost
everything
people
use

on a daily basis.



Panel 2:

Note to Artist:
Visuals for
Panel

2
:



Images:

Slide 4


Narrator:


The energy industry is generally divided into
(cue
slide 4
)
three

categories
:

the “upstream” which
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3

NOV

Online Learning Script











produci
ng oil and gas; the “midstream”
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NOV’s acquisition activity
.






Panel 3
:


Images:

Slide 5



Narrator:


(cue slide 5)

The Upstream oil and gas industry
comprises

different types of companies who
perform
various

roles and activities. NOV is one of
the few companies in the industry who partners
with and sells to all of these
types of companies.


Panel 4
:


Images:

Slide 6


Narrator:


The ultimate end customer in the Upstream oil
and gas
industry
is the Oil Company. Oil
companies, also know
n

as operators
,

international
oil companies or IOC’s
,

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4

NOV

Online Learning Script


for whom all the other
upstream
players
work
. In
the
U
nited
S
tates, Oil Companies actually own the
oil they are searching for, a right they negotiate
with private land
owner
s

on
land, or with the
United States and State Governments offshore.


The
six

largest publicly traded oil companies, also
know as the Super Majors, are fully integrated
organizations who operate around the world and
are engaged across the upstream, midstream a
nd
downstream. These Super Majors are amongst
the largest companies in the world in both market
value and revenue terms.


Independents are oil companies that are not the
Super Majors
.

They
tend to focus purely on the
upstream and operate
primarily in the United
States. There are
,

however
,

Large Integrated
Independents who operate globally, as well as
performing some downstream operations, and
while these are very large organizations, they are
not considered “majors”.


Panel 5
:

Image:

Sli
de 7


Narrator:

(cue slide 7)

Large Independents
focus purely on
the upstream,
but
also operate globally.


And the

I
ndependents are oil companies focused
on the upstream in the
U
nited
S
tates.
They

can
vary widely in size, from
very large organizations

all the way down to individual oil professionals
who just drill one or two wells per year.



Panel 6
:

Image:

Slide 8

Narrator:


(cue slide 8)

Internationally, the end customers are
the National Oil Co
mpanies, or NOCs. These
oil
companies
are typically
owned by their national
government. In most foreign countries, the
national government owns the oil and gas
resources,
and these resources are

managed by
5

NOV

Online Learning Script



the National Oil Companies.

T
he super majors and
large independents partner with the national oil
companies.


Some National Oil Companies, such as Petrobras in
Brazil and China National Petroleum Company, or
CNPC
,

in China
, are emerging as International Oil
Companies, who
,

along with managing their own
country’s energy resources, are also investing
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Panel 7
:

Image:

Slide 9



Narrator:


(cue slide 9)
While many people
refer to
companies like Exxon or Chevron
as “Big Oil”, in
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Panel 8
:

Image:

Slide 10


Narrator:


(cue slide 10)
Oil companies and foreign
government
s

own their oil wells. To get their
wells, they hire drilling contractors, who lease
drilling rigs and
provide
crews to drill the actual
wells. There are offshore drilling contractors, who
typically work for a daily contracted rate,
t
here are

land drilling contractors who work for
day rates
and on

“turnkey” contracts, where they are paid a
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Panel 9
:

Image:

Slide 11

Narrator:


(cue slide 11)
Service companies
perform the
specialized activities associated with drilling,
6

NOV

Online Learning Script





completion
,

and production, and may be
contracted by operators, drilling contractors, or
even other service
companies.


There are large integrated service companies that
have the ability to perform nearly all oilfield
services,
and

relatively smaller oilfield service
companies that choose to
specialize in particular
areas.


The service company segment is an interesting one
for NOV, especially
in regard to
the largest
integrated service companies, because while they
are very
important
customers of ours, they are
also significant competitors in certain businesses
.


Panel 10
:

Image:

Slide12


Narrator:


(cue slide 12)
Engineering, Procurement and
construction firms specialize in engineering and
project management, and do everything
from
designing drilling platforms and refineries

to
managing the cons
truction project and procuring
materials.


Manufacturing focused oilfield service companies,
such as NOV, are really more manufacturing
companies than service companies
.

We

focus on
developing and providing the equipment and
technology for service c
ompanies, contractors
,

and
operators to conduct their operations.



Panel 11
:

Images:

Slide 13


Narrator:


(cue slide 13)
When a drilling contractor wants to
build a new offshore drilling rig, they hire a ship
yard to build it. Ship yards are
NOV’s largest
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7

NOV

Online Learning Script



Panel 12
:

Note to animator:
The pop
-
in and a
nimation
suggestions in the right
-
hand column are an
artifact of the original version of this script. They
remain in the script as a guide and a set of
suggestions, but they are not
absolutes.


Image:

Slide 14


Narrator:


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8

NOV

Online Learning Script



Extra crude material not refined into gasoline
may
then be sold to
(cue pop
-
in 16)

chemical
companies as petro
-
chemical feedstock to serve as
the building blocks for plastics
(cue pop in 17)
,
nylon, or other petro
-
chemical products.



Panel 13
:

Note to animator:
The pop
-
in and animation
suggestions in

the right
-
hand column are an
artifact of the original version of this script. They
remain in the script as a guide and a set of
suggestions, but they are not absolutes.


Image:

Slide 15



Image:

Slide 16


Narrator:


(cue slide 15)
Now let’s look at what

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Assume we are in the Barnett Shale in Fort Worth,
Texas, and the operator
,

(
cue slide 16
)

Chesapeake
,

is preparing to drill new gas wells.
They
contract rigs from a drilling con
tractor
(cue
pop
-
in 2)
, who
set
s

up a rig
(cue pop
-
in 3)
on the
location of the drilling lease that Chesapeake has
arranged.


Once the well is drilled

and service companies
have assisted in completing the wells and starting
their production
(cue anim
ation 4


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9

NOV

Online Learning Script


Panel

14
:

Image:

Slide 17



Slide 18


Narrator:


(cue slide 17)
There are a number of print and
online resources
that offer

more
information
about the oil and gas industry
, including

current
industry events.


(cue slide 18)
There are many organizations and
societies devoted

to the oil and gas industry,
organized by educational background, job type
,

and company type. Whatever your interest is,
there is an organization in the energy industry
through which you can get involved.



Panel 15
:


Note for this section:

After viewer makes a
selection, the correct answer is highlighted in
green. If the viewer answered the question
correctly, a green check mark appears onscreen
next to the highlighted correct answer.


If the viewer answered the question incorrectly,
their
choice is highlighted in red and a red “X”
慰p敡牳數琠Wo⁴h敩爠慮獷敲e


Text:
Knowledge Check


Who is the ultimate end customer in the Upstream
oil and gas industry?


(A)

The drilling contractor

(B)

National and State governments

(C)

Oil companies

(D)

Electric companies

(E)

NOV


Correct answer:
(C)



When a drilling contractor wants to build a new
offshore drilling rig, they hire a
__________

to
build it.

(A)

national oil company

Narrator:

[No V/O for this section.]

10

NOV

Online Learning Script


(B)

ship yard

(C)

drilling contractor

(D)

refinery

(E)

national or state government


Correct answer:

(B)



The six largest publicly traded oil companies
are

also known as __________.

(A)

the Super Majors

(B)

national oil companies

(C)

Large Integrated Independents

(D)

ship yards

(E)

the Energy Value Chain


Correct answer:

(A)



NOV’s main business focus is on the
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⡁(

upstream

(B)

midstream

(C)

downstream

(D)

all of the above

(E)

none of the above


Correct answer:

(A)



Who are NOV’s largest customers?

⡁(

the Super Majors

(B)

national oil companies

(C)

Large Integrated Independents

(D)

ship yards

(E)

drilling contractors


Correct answer:
(D)



< End of Script>