Identifying Opportunities for Operational Excellence
Operational excellence involves focusing on the most important activities and then executing them well. Operational excellence also pays a safety dividend. Preventive maintenance results in fewer hazardous situations, planning and scheduling allow managers to think about how jobs can be done better and more safely, and efficient processes allow management to be out on the site for most of the day.
Setting the right operating strategy is critical to achieving consistent profitability. We help clients assess downstream market fundamentals to identify strategic opportunities and build capabilities in advanced analytics and fact-based problem solving to boost their agility, confidence, and competitive edge. At the same time, we help clients sustain top-quartile operational performance while adhering to sound operating principles and maintaining high health, safety, and environmental standards.
The rapid progress of technology such as big data and analytics, sensors, and control systems offers oil and gas companies the chance to automate high-cost, dangerous, or error-prone tasks. Most oil and gas operators are starting to capture these opportunities and would do well to accelerate their efforts. Companies that successfully employ automation can significantly improve their bottom line.
While automation offers many potential benefits in the upstream value chain of exploration, development, and production, some of the biggest opportunities are in production operations, such as reducing unplanned downtime. Given the oil and gas industry’s substantial increases in upstream capital investment, optimizing production efficiency is essential. Automation creates several opportunities to that end: maximizing asset and well integrity (by which we mean optimizing production without compromising health, safety, and the environment), increasing field recovery, and improving oil throughput.
Companies with successful programs think in terms of total life-cycle costs and economics. They build a digitization team and make automation part of a corporate digitization program. Their automation programs are integrated with all aspects of their complex organizations, work processes, and human behaviors. Industry experience and prudent risk management dictate that this level of complexity be thoroughly tested and proved in small-scale pilot implementations. Once the concept is proved, rapid scaling is needed to secure the payoff. Such a scale-up requires tools and capabilities in technology-enabled transformation, change, and risk management.
There is a clear competitive imperative for increasing automation in oil and gas production. Companies that successfully implement big data and analytics, sensors, and other new technologies will be well positioned to meet their industry’s challenges.
Tailoring Strategy to Market Outlook
As trusted advisors to independents, majors, service companies, and investors, we have developed unrivalled industry knowledge. Our investments in proprietary research, benchmarking, and capability building ensure we bring the best thinking to our clients, taking a full lifecycle approach, including Health, Safety and Environmentalconsiderations.
We provide in-depth market perspectives based on an integrated view of how gas supply and demand are developing regionally and globally, and what that implies for infrastructure and sales. Using distinctive analyses and purpose-built modeling tools, we help our clients develop a robust, comprehensive fact base for sound strategic decision making.
How can we help you?
By investing in developing market perspectives and understanding trends and outlooks, we ensure our strategy work is built on a robust fact base.