Midstream Benchmarking

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. 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, tank types, and locations around the world.

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.