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May 2005

Keeping the Data & Oil Flowing

DISPATCHES When ChevronTexaco puts a drill in the ground, it must live with that decision for decades. Risk management and data integrity are essential. Risk is a crude fact of life for ChevronTexaco. It permeates the investments that the energy giant makes in oil exploration and where it will plant its oil rigs for 30 years. It threatens the hundreds of terabytes of data the company accumulates annually. It shadows each IT policy. And yet, when business units want to launch a risky venture, chief information protection officer Richard Jackson cannot say no. It's not in his vocabulary. "The mission of our group is to figure out a way to do projects safely by detailing the cost and risk factors," says Jackson. "Our business is finding crude oil. I exist because of our business units, and I have to make them successful. My organization is a support organization, as opposed to being an adversarial one." Jackson's concept of support is to entrench risk assessment into each of ChevronTexaco's business processes and policies. In the ...

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