Home > Company Overview and Activity Management
COMPANY OVERVIEW
InterAct is an Acteon company. It was established in 2007 and incorporates the former
Pacific Management Technologies Inc, which was based in two centers in the USA:
Ventura, California, and Houston, Texas. Petroleum engineering expertise from TEAM Energy Resources, a long-standing Acteon company based in Norwich, UK, has also been brought into InterAct.
InterAct is staffed by qualified engineers, environmental professionals, and operations personnel from a variety of disciplines. They have the sort of experience that enables us to offer practical and cost-effective solutions to the many different challenges presented by a wide range of oil and gas clients. What differentiates us is that we can harness technology products and services in inventive ways that save money, reduce risk and ensure the smooth progress of even the most demanding of projects.
Through its make-up, the company has an excellent track record of onshore and offshore projects, many of them in environmentally sensitive areas, all undertaken with professional integrity and an unwavering commitment to safety.
Being part of Acteon enables us to draw on a large pool of skills and expertise to complement those we have in-house.
ACTIVITY MANAGEMENT - answers to key questions
InterAct project managers include experienced engineers and operations personnel with a keen understanding of the metrics and drivers for successful projects. They are adept at risk assessment and accustomed to identifying critical-path activities and managing competing priorities. They place a strong emphasis on safety and understand perfectly the importance of cost and schedule control. These skills constitute traditional project management – just one element of what we call activity management.
Activity management has a wider scope. It is an even more demanding discipline, drawing on oilfield technical and business expertise, interpersonal skills, and extensive knowledge of the offshore service industry. It is concerned with the development of innovative project execution strategies, together with the integration of the capabilities, products and services necessary to achieve outstanding results for our clients.
What does activity management involve in practical terms?
Activity management involves the leadership and guidance of a project from start to finish, typically through three phases: strategy development, planning, and execution. Risk assessment and control are crucial throughout.
- Strategy development – the identification and formal evaluation of all the available project options followed by the selection of the best way forward.
- Planning – involving contract strategy, cost estimating and budgeting, stakeholder identification, environmental evaluation, project permitting, scheduling and logistics and all operating and financial approvals.
- Execution – covering bid preparation, contractor selection, contractor management, equipment and materials procurement, regulatory compliance, and traditional project management and site supervision.
Where can activity management deliver most value?
Projects that stand to benefit most from activity management are those that present unusual technical or logistical challenges, those that suggest only marginal commercial viability, or those that are located in environmentally and/or politically sensitive areas. Alternatively, the project may require greater effort in terms of contractor integration and interface management. The scale of the project is not necessarily the issue; it is rather the complexity of the project: the need for an exceptional execution strategy and the level of management input required.
Who stands to benefit most from activity management?
We believe that smaller oil companies with leaner organisations, possibly operating without extensive in-house technical resources, will find our services particularly attractive. However, any oil industry company experiencing resource constraints or seeking to balance priorities and outsource selected business objectives could benefit.
What qualifies InterAct to provide activity management services?
In recent years InterAct has forged a reputation for its willingness to tackle more demanding projects and its ability to combine technology from different areas to devise innovative applications, with immediate and tangible benefits for our customers. The company is led by a highly committed management team whose extensive knowledge and practical experience of the oil and gas industry is matched by a sound understanding of service sector capabilities. We are able to deploy people with a thorough appreciation of not only the risks posed by the offshore operating environment, but also, most importantly, the economic challenges faced by our customers and their main business value drivers.
