Trygve Botn
Founder | Decision Advisor at ThinQ Decisions- Claim this Profile
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Bokmål, Norwegian Native or bilingual proficiency
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English Full professional proficiency
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German Elementary proficiency
Topline Score
Bio
Credentials
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Fellow
Society of Decision ProfessionalsOct, 2019- Oct, 2024
Experience
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ThinQ Decisions
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Norway
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Business Consulting and Services
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1 - 100 Employee
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Founder | Decision Advisor
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Sep 2019 - Present
ThinQ Decisions specialize in providing companies and organizations with Quality Decision-Making. Together with clients we provide problem solving expertise to gain insights for decision-makers when faced with decisions under risks and uncertainties. ThinQ Decisions specialize in providing companies and organizations with Quality Decision-Making. Together with clients we provide problem solving expertise to gain insights for decision-makers when faced with decisions under risks and uncertainties.
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Antler
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United Kingdom
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Retail
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1 - 100 Employee
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Founder
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Jan 2021 - Apr 2021
Solving problems and creating a positive impact for others. Solving problems and creating a positive impact for others.
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Chevron
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United States
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Oil and Gas
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700 & Above Employee
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Team Lead, Projects Decision Analysis
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Jan 2015 - Jun 2019
Team leader for TCO’s (Chevron Operated JV) Consulting & Shared Services (CSS) Decision Analysis (DA) group with responsibilities for supporting and ensuring high quality decisions for TCO’s investments. Responsible for supervising and developing team of 6 Decision Advisors supporting the TCO portfolio of capital investments. Member of the CSS leadership team responsible for setting direction and delivering results according to annual business plans. The position further involves: (i) Guiding project teams from opportunity identification, scoping definition, to commissioning. (ii) Ensure clarity of decisions, in face of risk and uncertainty for internal/external decision makers. (iii) Responsible for improving internal DA Organizational Capability. Highlights:*Led multi-cultural team of six advisors in managing a US$40bn+ portfolio of strategic investment decisions by evaluating strategic fit, risk and scope definition of 100+ investments annually.*Championed organization-wide cultural transformation effort by changing engineers’ behaviors during project scope and cost definition phases, resulting in cost avoidance of US$350mln+.*Enhanced team’s capabilities through mentoring, training and incentives, which resulted in a 300%+ increase in number of projects supported.*Grew organizational capabilities by leading internal training workshops for 250+ employees annually.*Served as member of Leadership Board for internal Consulting Group, responsible for department re-structuring (100+ workers), project prioritization and resource allocation.*Led data collection assurance activities through de-biasing assessments with Subject Matter Experts (SME) that ensured appropriate use of information applied in deterministic and probabilistic analysis. *Enhanced and incorporated statistical modeling techniques to develop cash flow models to represent a range of potential outcomes incorporating risk and uncertainty.
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Decision Advisor Deepwater Gulf of Mexico
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Jan 2013 - Jan 2015
Decision Advisor for an Oil & Gas Deepwater Gulf of Mexico greenfield development during the concept selection phase. The role involved ensuring Decision Quality (DQ) for all key development concepts and appraisal drilling decisions by serving as the link between cross-functional departments such as subsurface, drilling and completion, subsea and topside facility engineering, commercial and legal, and upper management. A key part of the job was communication of insights from decision and risk analysis, and from evaluation of quantitative and qualitative tradeoff analysis. Highlights:*Led analytical evaluation and decision support packages for 150+ project decisions with multi-disciplinary teams for a Greenfield Development with capital investment of US$15bn+. *Supported commercial negotiations for oil and gas export opportunities with a combined value of US$5bn.*Conducted several appraisal drilling Value of Information (VOI) studies; resulted in US$1bn+ cost avoidance and incorporation of new VOI methodology to Chevron’s global investment trainings.*Conducted alternative analysis for multiple facilities design and capacity decisions; subsurface and drilling decisions; staging of development and production trains; subsea architecture decisions; subsea tieback concept decisions; and conducted Value of Information (VOI) studies on appraisal drilling decisions; production and injection well counts; well completion decisions; and artificial lift strategies.
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Decision and Commercial Analyst
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Dec 2010 - Jan 2013
Primary responsibility included implementing Decision Analysis (DA) into an organization that focused on demonstrate and commercialize renewable energy (Emerging Energy) and energy efficiency technologies. This involved improving the DA Organizational Capabilities, developing the organization’s analytical framework, tools and evaluation techniques, guiding and mentoring project managers/teams, ensuring Decision Quality (DQ). Highlights:*Managed the decision-making governance process for Chevron Emerging Energy organization, which resulted in increased decision quality for a portfolio of 50+ projects annually.*Developed portfolio optimization tool used for incremental analysis to improve value of strategic business plan. *Established analytical framework and methodologies for valuation of 30+ Renewable Energy investments.*Developed project cost and schedule risk assessment capabilities, enabling savings of US$60k per assessment.*Responsible for validation of cash flow analysis results and overall project decision-making using Multi-Objective Decision Analysis (qualitative and quantitative analysis).*Developed, customized and implemented Value of Information (VOI) methodology for pilot projects for a broad range of Emerging Energy technologies such as solar, wave, wind, and energy efficiency solutions.*Optimized capital budget for annual business plan by developing portfolio economic model that used stochastic simulation techniques to optimize portfolio options, which gave decision maker’s optionality of funding projects for the annual business plan. *Developing probabilistic DA models that incorporated a wide range of uncertain outcomes and trained project teams in using decision trees and stochastic simulation tools for decision-making.*Developed Levelized Cost of Energy (LCOE) cash flow model used to compare renewable technologies potential. The model was used among multiple business units in Chevron as the model for LCOE calculations.
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Commercial Analyst
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Feb 2006 - Dec 2010
Primary responsibilities included leading the decision and economic process of early concept development opportunities as part of a working team tasked to identify and progress oil and gas strategic investments. These investments were both exploration prospects and Discovery Resource Opportunities (DROs). The outcome from this work dictated the strategic direction for the Business Unit. Key responsibilities were progressing commercial opportunities and business development, and merger and acquisitions (M&A). The role also involved supporting other Chevron international Business Units with commercial projects/initiatives. Highlights:*Evaluated 50+ strategic growth opportunities by identifying opportunities; conducted financial/decision modeling and analysis; prepared decision support packages; and presented this to senior leadership team.*Evaluated strategic growth opportunities valued at US$30bn+ through Merger & Acquisition and Business Development efforts. *Coordinated annual business plan process and ensured optimal capital allocation of US$150mln+ budget.*Carried out economic justification for licensing applications with Ministry of Petroleum and Energy*Key contributor of business development assessments for strategic growth opportunities on the Norwegian Continental Shelf (NCS). This work influenced recommendations for organic and non-organic growth strategies for the business unit.*Responsible for DA framing and analysis on M&A investment opportunities. The work involved screening and thorough assessments of producing fields and exploration acreage deals, portfolio deals, and/or company take-over. *Responsible for monetary and non-monetary analysis during commercial negotiation of DRO swaps at the NCS.*Project manager responsible for submitting Unitization Application on behalf of Chevron to Ministry of Petroleum and Energy of one of Chevron’s assets.*Conducted several seismic Value of Information (VOI) studies to determine 3D seismic purchases.
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Asset Accountant
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Jul 2004 - Feb 2006
Primary responsibilities involved supporting Finance Manager with financial reporting and accounting deliverables including account settlements, managing intercompany charges and invoices, monthly accruals and monthly finance reports. The role also involved maintaining contracts and service/purchase orders and ensuring contract amendments/supplements were continued. The role also involved in supporting the annual Business Plan cycle.Highlights*Responsible for monthly financial, accounting and intercompany reconciliations requirements.*Supporting and improving business processes and efficiencies. *Supporting implementation of financial compliance requirements such as Sarbanes-Oxley (SOX).*Supporting the financial input to the annual Business Plan.*Responsible for completing monthly and annual reports to Norwegian Authorities regarding the companies projected investments on NCS.*Established Botn Consulting, a self-employed company, after graduation and started working as a contractor for Chevron Norge.
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Education
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2002 - 2004
BI Norwegian Business School
MSc, International Business -
2003 - 2003
Case Western Reserve University
MSc, Economics -
1999 - 2002
BI Norwegian Business School
BSc, Business Administration
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