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Leigh Ann Russell, BP Wells Vice President on Market Changes

Blog Post created by katie.mehnert Champion on Nov 18, 2015

Leigh-Ann Russell is the Vice President of Performance for BP’s Global Wells Organization.  Her role includes, planning, finance, risk, strategy, reporting and management systems for BP’s wells operations around the globe. She joined the oil and gas industry in 1997 after graduating from Aberdeen University with a degree in mechanical engineering. She worked for several industry-leading companies before joining BP as a completion engineer for BP’s Clair field, in the North Sea, in 2005.

 

Since her first day in the industry, Leigh-Ann has embraced the quote, “Work as though you will live forever, live as though you will die today.” Having a bucket list helps Leigh-Ann prioritize her busy life in a positive way for both her work and her family. She has already accomplished more than half of it, including running a marathon (that’s 26.2 miles), obtaining her skipper’s license and traveling with her family.

 

The downturn we are experiencing has happened before, and it will happen again. We asked Leigh-Ann to comment on what she believes is different from previous downturns. She indicated that, “A significant difference is the U.S. shale revolution, and although U.S. shale oil accounts for less than 5 percent of the global oil market, the rapid growth in the U.S. shale oil was the key factor driving the collapse in oil prices last year. BP was one of the first companies to anticipate the decrease in oil prices and the current environment of ‘lower for longer.’

“The development of technology allows us to do many things more efficiently, quicker and on larger scales than ever before. The oil market has changed very significantly over the past 10-15 years. The challenges lie in connecting resources with demand, " says Russell.

 

She closed by saying, “During this low price environment, we all need to ensure we are making the right choices with limited investment dollars. Shareholder and business value will be unlocked through innovation.”

 

Leigh Ann will join two other Pink Petro members, Regina Mayor and June Ressler on December 3, 2015 at the Managing Disruption and Change in the Oil Patch breakfast.  Hosted by KCA, (thank you David Skinner) join us and for this unique event which features executives, c-suites, and thought leaders across the energy value chain. 

 

Signup today!  Pink Petro members get $15 off: use code PINKPETRO

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