Upstream Benchmarking

Increase production volumes, optimize field operating costs, and reduce environmental impact with data-driven insight.
Upstream Benchmarking

Increase production volumes, optimize field operating costs, and reduce environmental impact with data-driven insight.

Leverage the world’s largest database of operating costs, uptime reliability metrics, and technical key performance indicators (KPIs) across a wide range of oil and gas producing assets. Our proprietary database contains information from  >5,000 offshore and onshore oil and gas fields in >40 countries.

This vast database is available to help you identify untapped production efficiency improvement savings through benchmarking and peer comparison of your production operations. In addition, we can help you identify targets and plan initiatives that will improve reliability and operating efficiency, close performance gaps with your peers, optimize operating costs and increase overall profits.

Solomon’s competitive performance assessment methodology for analyzing like-kind field-level asset performance is both rigorous and proven. The entire process is geared toward providing an actionable and effective management tool that helps identify potential cost savings by targeting performance gaps between actual performance and the performance of the industry’s leaders.

World’s largest databases of upstream, midstream, and downstream operating performance.

Normalization process and peer groups deliver meaningful KPIs and like-for-like comparisons.

Data is proprietary and unique,
not pulled from publicly available sources.

Subject matter experts with 25+ years’ industry experience develop practical insight and recommendations to enable your success.

STUDY AREAS

Offshore Study

With 30+ years of upstream benchmarking experience and the world’s largest database of upstream performance data and metrics, Solomon knows what “good” looks like for any given type of operation. The Offshore Study assesses your performance against peers and identifies cost and production improvement opportunities. The study focuses on critical KPIs, including operating cost, cost drivers, production efficiency, and uptime reliability. Looking more closely at operational excellence creates opportunities for the long run. Solomon’s Offshore Study can illuminate these opportunities. We've benchmarked >5,000 offshore and onshore O&G fields in >40 countries.
Onshore Study

Improve your performance using the world’s largest database of upstream performance data, metrics, and our deep insight. The Onshore Study utilizes Solomon’s proprietary methodology to compare the operational performance of onshore operators worldwide using a range of KPIs.
Permian Basin Study

Field-level production operations study identifies cost optimization, production efficiency, and GHG reduction opportunities. The Permian Basin Study goes beyond public data traditionally used to benchmark drilling and completions performance to highlight operational efficiency, cost reduction opportunities, and safety and environmental performance.
Thermal Oilsands Onshore Study Peer Group

Capture large, operational-cost savings and maximize operational uptime in your thermal oil sands project. Solomon’s Thermal Oil Sands Operations Performance Analysis (Thermal Oil Sands Study) can help you uncover key areas of underperformance in your operations.



A Foundation for Effective Comparative Performance Analysis and Decision Support

DATA QUALITY, BENCHMARKING METHODOLOGY

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.

LEARN MORE ABOUT OUR METHODOLOGY

FEATURED INSIGHT

Blog
The Importance of Analyzing LNG Performance at the Train Level
Case Study
Company Reduces Upstream & Midstream Assets’ Turnaround Duration, Increasing Production and Estimated Revenue to 25M USD
Case Study
Upstream Operator Improves Energy Efficiency and GHG Management Performance Gaps with Benefits Estimated at 48M USD/yr
Blog
How could optimizing your Upstream End-to-End Material Management Process Deliver up to a 50% Reduction of Inventory Value?
Blog
Is Predictive Maintenance the New Future for Upstream Oil and Gas Operations?
Case Study
Aggressive Cost Cutting Lead to a Billion-Dollar Loss for a Major GOM Upstream Operator
Industry Article
Offshore Engineer Magazine: Calculating OpEx: Data Paints a Bigger Picture
Case Study
Upstream Operator Reduces Risk and Increases Confidence in OpEx Budget for New Gulf of Mexico Project
Video
Webinar: Leading Offshore Operators – Characteristics of Operational Performance Excellence
Blog
Production Reliability or Operating Costs: Where Should You Place Your Focus?
Charts & Graphics
Solomon's FPSO Global Database
Blog
Upstream Turnaround Strategy: How Do You Compare?
Blog
Upstream Benchmarking — Your Path to Performance Excellence
Blog
Upstream Projects Urgently Require Optimized OpEx Lifecycle Forecasts
Blog
Upstream Operators Seek to Weather Unprecedented Times Balance Cost Cutting with Operational Improvements
Blog
Operational Excellence Relevant to Ensure Sustainable Permian Operations
Blog
Permian Basin: Hidden Costs – Opportunities Identified with Comparative Performance Analysis
Case Study
Oil Major Slashes OpEx by 10% with Strategic Maintenance Planning
Blog
Finding the Value in Upstream and Midstream Fired Driver Operations
News
Solomon’s Upstream Onshore Study Still Open to New Participants
Blog
Permian Basin Operational Efficiency
News
Solomon Announces the Release of Upstream New Projects OpEx Estimator
News
Solomon Launches Worldwide Onshore Production Operations Performance Analysis
Blog
Life After Drilling: The Permian Basin’s Next 20 Years
Blog
The Case for Improved OpEx Planning in Upstream Projects
Case Study
Oil & Gas Major Accurately Assesses Operating Costs for Planned Offshore Field Development
Case Study
Redesigned Cyclic Steam Project Boosts Production at South American Heavy Oil Field by 1,000 bbl/d
News
Solomon Upstream Worldwide Onshore Production Operations Performance Analysis Results
News
Solomon Launches Worldwide Offshore Production Operations Performance Analysis

RELATED SOLUTIONS

Upstream Advisory Services

Increase production volumes, optimize field operating costs, and reduce environmental impact.
Offshore Well Servicing

Develop a “road map” for continuous improvement in offshore well servicing.
Production Efficiency & Uptime Reliability

With technical data and uptime information for more than 600 O&G fields, we can construct customized benchmarks for all of the fields you operate worldwide.
FPSO Study

Improve your FPSO operational efficiency and lower costs by benchmarking your assets against the world’s top performers. Solomon has operations data for >90 FPSO vessels worldwide.
Vaca Muerta Study

Field-level production operations study identifies cost optimization, production efficiency, and GHG reduction opportunities. The Vaca Muerta Basin Study goes beyond public data traditionally used to benchmark drilling and completions performance to highlight operational efficiency, cost reduction opportunities, and safety and environmental performance.
Drilling & Completion Cost
Thermal Oilsands Onshore Study Peer Group

Capture large, operational-cost savings and maximize operational uptime in your thermal oil sands project. Solomon’s Thermal Oil Sands Operations Performance Analysis (Thermal Oil Sands Study) can help you uncover key areas of underperformance in your operations.

LNG Capital Investment Analysis (LNG Q1 Day 1™)

Mitigate the risk of capital investment in new or expanded facilities. Get an independent, data-driven analysis gained from benchmarking 85% of the world’s refining capacity, 75% of olefin manufacturing capacity, and 60% of aromatics plants.
New Projects OpEx Estimator

Gain an independent, objective estimate of your operational performance metrics for greenfield and brownfield projects. Solomon’s New Projects OpEx Estimator solution provides life-cycle benchmarks using real peer data from our proprietary upstream and natural gas processing plant operations database.
Data Services

If your organization is new to one of our studies or has experienced challenges completing the study data input forms, Solomon can help. Data quality and a proven benchmarking methodology enable results and insight you can trust. Contact us today!
Reliability & Maintenance

Learn how Solomon provides world-class oil & gas benchmarking & advisory services to companies operating throughout the energy value chain with an improved reliability and maintenance strategy.

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