Introduction to LEAP (Leadership for Energy Automated Processing) The Role of Leadership in Driving...

Introduction to LEAP (Leadership for Energy Automated Processing)

The Role of Leadership in Driving Automation & Standardization in our industry

Gary SpenglerVP Center of Excellence & Business

Services, Chevronand

LEAP Co-Chair © LEAP 2011 November 16, 2011

2© LEAP 2011

Leadership Drives Automation

LEADERS LAGGARDS

Other industries are leading the way – where do we want to be?

Leadership Drives Automation (cont)

3© LEAP 2011

Major IT Milestones in FedEx History

1978: Fred Smith, who founded FedEx in 1971, declares: "The information about a package is as important as the package itself.“

Source: ComputerWorld.com

FedEx Ground's hubs sort 3.5 million packages a day without human intervention, helping the courier win market share.

1979: FedEx launches a centralized computer system designed to track packages, routes, weather, vehicles and employees.

1980: Implements a dispatch system that allows customers to electronically request pickups.

1984: Introduces a PC-based shipping system.

1986: Introduces a handheld bar-code scanner.

What’s Holding Back Our Industry?

4© LEAP 2011

LEAP is the enabler to do this.

© LEAP 2011

LEAPLeadership for Energy Automated Processing

Benefits of automation:

Accuracy & Timeliness Managed Risk

Consistency Regulatory Credibility

Efficiency

LEAP was formed in 2006 with the mission to: Promote efficient and reliable transaction processing within the energy trading industry by means of automation and standardization.

Our founders are a group of oil majors, banks and independent traders.

Better Access to Customers, Capital and Profitability!5

© LEAP 2011

The LEAP Board of Directors

Co-Chair:

Gary Spengler

Chevron, US

Co-Chair:

James Murdoch

Shell, UK

Treasurer:

David Porter

Glencore

Secretary:

Karen Mikkelborg

Nexen

Jim Brush

Goldman Sachs

Cesar Covarrubias

PMI

Gordon Fraser

Morgan Stanley

Tom Lullo

BP

Kevin Masucci

Hess

Carolien Ruiter

Mercuria

Jone Slutas

Statoil

Mary Dortenzio

Glencore(as D. Porter designee

when required)

Joann Bonanno

Chevron, US (as G. Spengler nominee

when required)

Patty Giedris

Shell, US (as J. Murdoch nominee

when required)

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© LEAP 2011

Members of the Executive Committee

Co-Chair James

Murdoch Shell, UK

Co-Chair Gary Spengler

Chevron, US

Cesar Covarrubias

PMI

David Porter Glencore, US

John Herd Glencore, UK

David Knipe

BP, UK

Blandine Lewine Glencore,

US

Karen Mikkleborg

Nexen, Calgary AB

Tone Vaila Statoil

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LEAP EC

© LEAP 2011

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LEAP DELIVERY

JAN-06|

JAN-09|

JAN-08|

LEAP Settlements White Paper

draft

Pipeline Contracts

Master 1.0

ISDA adopts v2, creating U.S. Crude Oil and

Refined Petroleum

Products Annex

First physical oil match on ICE eConfirm

LEAP Master

2.0 adds US crude

Navarik contributes electronic

Inspection Data standard

JAN-07|

JAN-10|

JAN-11|

Annex C Marine

Annex 1.0

Canadian Addendum

2.3b

LEAP Accomplishments – A Brief History

Canadian Addendum

2.2

LEAP Master 2.1

ICE eConfirm

for Physical

Crude Oil in Canada

LEAP’s 2011 Key Initiatives

© LEAP 2011

© LEAP 2011

The LEAP 2011 Initiatives

LEAP Prime

Initiatives

NW European

Barge Contract

(Annex)

Pipeline Bookouts

RINs GT&C’s

Broker Matching

eDocs (Electronic Cargo

Docs)

NA Rail / Truck

Contract

(Annex)

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© LEAP 2011

Other Potential LEAP Initiatives

Contract Matching Redesign

Inspection Standards

Dodd Frank Implications & Impacts

Automated OTC Margin Matching

Settlement Matching

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How To Get Involvement

• Several levels are available• Take a test run as a non-LEAP member• Join LEAP as a Full Member (fee is prorated) - Actively

participate, vote in the Work Groups, assign a representative to the LEAP Board, become a member of the Executive Committee decision process

Levels of Involvement:

• As a non-member: You are invited to observe the Work Group process, but not actively participate in the meeting dialog or direction

• As a LEAP member:• The option of Board membership is available (a commitment of 2

hours a month) • Active participation in a Work Group (Initiative)• A commitment of resources is expected to staff your Work Group• The pay-back is direct influence in the direction of the Initiative and

Work Group effort

Participation

• Identify areas of interest (initiatives) that best suit your org• Make a participation commitmentNext Steps

QUESTIONS

Where to find out more about LEAPhttp://energyleap.org/

© LEAP 2011

Introduction to LEAP (Leadership for Energy Automated Processing) The Role of Leadership in Driving...

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