According to a McKenzie report. The Mars corridor, Nakika, and Stones will be on extreme production declines and operational issues within the next 5 years…
What’s the inside perspective?
24 replies (most recent on top)
it’s ok to be lucky rather than good
it’s frustratingly out of touch to have simply lived through all of your basic assets being very cheap to obtain relative to your income and then 10x-ing on them all within your lifetime with zero effort by you while lecturing people as if you’re a genius
the lucky think they’re smart. no self awareness.
Wow - lots of grousing directed at boomers. Probably deservedly so.
But say what you will, I sure do wish I had a house that’s worth 10x’s what I paid for it, a defined benefits monthly pension, lifetime medical, fat investment accounts and time to enjoy it all.
Shrewd planning or circumstantial d-mb luck? I’ll take the latter every time.
@15x so what?
@129 Don't kid yourself you're just a number like the rest of us.
@129 good victimization.
pity the boomers. they were taught that their whole life is their job and so they can never let go
and they are doomed to give terrible outdated advice which will doom all who listen. such as - college is a sure fire bet, loyalty to a company is valued, work extra hard at all times, quit drinking coffee so you can buy a house, and many more i’m sure i’m forgetting
that entire generation mostly got rich by voting in their own self interests at the expense of all others.and it hasn’t stopped yet. we will not get social security, but we will always pay for it and bail it out as long as this group is alive. we can’t build houses because they invented HOAs and zoning laws to keep certain skin tones away from them and create artificial scarcity to boost their house value. houses never had value - land did. but now these folks can’t stay retired without what should clearly be a depreciating asset instead appreciating. rigged game, by them.
@11e I hope this isn’t how I spend my days when I retire. Salty and unwilling to let go. Grasping for relevance within a company that no longer cares about me. Pretty bad when your whole identity was your job. Go live your life and forget about Shell as we have forgotten you.
@yd Nobody asked for or wants your advice. Go back to work so those checks keep coming. I’m just merely checking on the pulse of shell after spending the majority of my career there. From this thread it appears that people are at each other’s throats. I agree that shells best days are in the past. Rome may not be burning but it appears to be smoldering. And by the way who’s this we Tonto? Do you have a mouse in your pocket, or a YL?
to be fair, at least half of the employees keep trying to destroy the company by investing in green trash
shells golden days are 15 years in the past at least. you can tell because retirees like you can’t let it go and move on with your lives.
this entire industry is going to india. that will be shells new legacy soon. chasing the bottom dollar and terrified of being an oil company anymore, it will awkwardly lumber into irrelevance. it’s best to not pay attention to it since you can’t change it anymore
@xa yet here you are. Happily retired and still can’t let us go. Pretty sad my man. Get a hobby or a dog.
@wz Wrong. Retired on the 80-point plan with the SSP. Hang in there and make sure you don't miss any of the tick the box meetings for me. I wish you all the best.
@ww thought we let you go? Shell still living rent free in your head? Let it go man, just let it go.
@OP I am so glad I left this company. What a bunch of Self-Serving losers. I thought this was a layoff forum. I guess I was wrong. So sad that the employees can't even get along.
As goes GOA, so goes its namesake. So ... GOA will be engulfed in civil war.
Gulf of 'Merica....there, call it the GOM and get of yourselves.
so what? the question wasn’t whether it would last, the question is what are we officially calling it right now. this is the question because someone said it was “wrong” to call it that. well it is not wrong because that’s our policy and on our documents.
you have done nothing but move the goal posts with your comment.
I have 25+ years at Shell. It’ll be GoM again once the White House is aired out in a few years. It’s only a temporary self-indulgent proclamation, not a law.
you must not work here
the paperwork on my desk says “gulf of america” and the ceo says “we follow the laws and policies of the countries we operate in” and my google maps says “gulf of america”
lots of places on earth have different names depending on who you ask. japan doesn’t even call itself japan. get over it. your opinion is already way too late to change anything
GOA is a State in India on the Arabian Sea.
GOM is where Shell owns and operates offshore assets.
Please stop perpetuating the vanity rebranding dreamed up by some near-octogenarian.
the official company plan is to purchase more interest stakes to offset production decline
match liquids
grow gas
will this happen? probably not. shell doesn’t spend money on ANYTHING but its own stock anymore.
If you look at NFA (or PDP as the rest of the industry calls it), the GOM is looking at 20+% production decline annually. Whale and Sparta won’t be able to do anything except delay it slightly. Mars in particular has NOTHING in the maturation pipeline that will turn around its decline and most of the people there are just playing out development plans that were come up with people who retired 10 years ago.
Nice try McKenzie … you won’t get your job done this easily. Spend hours interviewing all the grunts in the org that mng is too busy to listen to, find the gem and then repackage it as your own idea with slick marketing.
Consultants are the only people I know that get paid to read the time on other people’s watches.
it doesn't matter because there are no incentives in place that make the board and ceo care about anything happening that far out
they will get paid, ruin the company, and be gone by the time it’s obvious to all
Am I the only one hearing s deep villain laugh?
Or am I just reflexively laughing?