Up your licensing application process by 70%
On July 31, 2023, Prime Minister Rishi Sunak announced the United Kingdom government would grant 100 new North Sea oil and gas licenses. Do you have all the tools you need to respond quickly and faultlessly? Or do you want to hear three tactics to speed up the process?
In an ideal world, responding is a simple proposition. You evaluate the technical data package, define your strategy, assemble your bid, submit your application and win.
To achieve this goal, however, always requires more time than you think and more experts than you expect. And a frustrating writing process easily derailed by strict regulatory compliance requirements, shifting priorities, and competing deadlines that drive constant bottlenecks and delays as you race the clock.
Are you still struggling with revenue-blocking coordination logistics like this?
If you’re at you’re breaking point, stick with us. Here our experts reveal three proven tactics for getting your process on track to produce licensing applications 70% faster - without the stress and without sacrificing compliance and quality. Tactics that are the standard across the Norwegian shelf and proven success across Mexico, United Kingdom, Greenland, Iceland and Denmark.
When it comes to licensing round bids, there are a lot of moving parts to manage. So, you established your process to avoid the miscommunications, missteps and detours that can easily consume time and derail your efforts. Over time, however, bad habits and simple mistakes naturally creep into your process. The search for information makes experts wait which delays content. File sharing and version control issues make experts wait which delays reviews. This is the state of a serial bid process; one task, such as writing or reviewing, is performed at a time. And it’s slowing you down.
How do you eliminate these challenges and accelerate your bid process?
Co-authoring, or working in-parallel, eliminates these challenges:
In other words, instead of consuming time, your in-parallel process saves time. More time to focus on what it takes to win instead of just the logistics of bidding.
Your licensing round bid may look good and read well, but if it’s not clearly in response to fulfilling the government’s need, evaluators will not give it the score you need to win. On the other hand, when your bid content maturity and quality includes expert insights and context, it is better positioned to convince evaluators of your capabilities and strengths. You can’t do that without your experts. And they can’t do that without time to think and write amidst their competing priorities and shifting deadlines.
How do you better leverage your experts?
You give them time to think, and the tools they need to efficiently take advantage of that time.
In other words, instead of consuming time, your writing and reviewing process saves time. More time to think and develop and communicate a concept that aligns with strategic objectives and resonates with evaluators.
In other words, instead of consuming time, your automatically formatted documents save you time. More time for more licensing round bids with the same expert team.
Oil and gas licensing boosts a country’s economy, and governments work diligently to attract you as an investor. Responding to their invitation is complicated, and anything that slows you down impacts your ability to win and grow.
For over two decades now, Xait has been the standard licensing round application solution provider for Norway, with success in a range of other production license application rounds in Mexico, United Kingdom, Greenland, Iceland and Denmark. In fact, 100% of the APA 2022 operator licenses went to Xait clients.
Learn how Xait helps oil and gas business leaders accelerate their licensing application process and deliver winning bids and documents 70% faster.
Kris Sæther is Chief Commercial Officer of Xait. He holds a Bachelor of Science in Graphic Media Studies, and has worked in financial communication in London and Frankfurt prior to joining Xait. He has 20+ years experience from the information management industry. Kris is an avid runner and skier, and a passionate fan of the world’s coolest soccer team, Tottenham. If he is not working or running you will find him cheering for his two daughters on the handball court.