Leverage Solomon’s comprehensive midstream database to learn what “good” looks like.
It’s a complicated task to stay competitive today. Not only are you faced with the pressure of tightening regulatory requirements and narrowing margins, but you must exercise strict control over the cost of operating and inspecting your facilities. Management, shareholders, and lenders are all keeping a close watch to ensure your maintenance budget is being spent efficiently.
Solomon can help you stay competitive. Our midstream benchmarking studies are designed to make you aware of the operating cost and reliability performance of your facilities in all key areas. The studies provide valuable information on your performance gaps with peers and where you should focus your performance improvement efforts.
Study participants can also compare their operations against regional peer groups. These groups have a larger number of participants than any one company in any region. As a result, the studies provide more in-depth information than what is provided by internal benchmarking, resulting in drill-down capabilities that can be utilized to verify outcomes and justify changes. Once we deliver your study data, our expert consultants are ready to help you focus on opportunities to close your performance gaps and increase profits.
Our midstream database contains data on
pipeline systems and
Asset Evaluation Criteria
We evaluate assets based on:
- Pipelines of varying length, diameters, pumps, meters, and right-of-way terrains
- Terminals with varying tank capacities
- Modes of transportation
- Crude oil, refined products, NGLs, and petrochemicals
- Seven different tank types
- Locations around the world
Data Quality, Benchmarking Methodology
A Foundation for Effective Comparative Performance Analysis and Decision Support
We prioritize the integrity and confidentiality of participant-submitted data and rigorously review that data before benchmarking begins. Then, we employ our normalization process and benchmarking methodology to provide valuable and trusted peer group comparisons that deliver meaningful KPIs. Finally, our staff of senior consultants apply their deep industry experience to develop practical insight and recommendations to enable your success.