Identify opportunities to increase uptime and reduce cost in your offshore well servicing.
This study focuses on the execution and delivery performance of individual well servicing projects. Well servicing encompasses multiple types of well-related work activities, including well interventions, production optimization, surveillance, and preventive maintenance work. Routine surveillance, preventive maintenance, abandonment, and drilling activities are excluded from our analysis.
The study addresses two primary categories of well-servicing activities—projects that restore or protect existing production and projects intended to optimize or generate new production. Our methodology employs a well-defined catalog of well-servicing activities within each of these two categories, ensuring both consistency and meaningful comparative performance analysis across participating companies.
The process begins with a kick-off meeting between the Solomon team and your team, followed by data collection via a questionnaire. Participants receive a customized analysis including conclusions and recommendations, executive summary, and a private debriefing with a Solomon operations advisor.
Develop a “road map” for continuous improvement in offshore well servicing.
Performance Analysis Scope
Gain insight into:
- How your asset’s well-servicing activity level, type, cost, and performance delivery distribution compare to peers.
- Where peer companies are focusing efforts (e.g., rate restoring and protecting versus rate generation and optimization).
- Equipment that you and your peers are using to execute work (e.g., wellbore cleanouts using a rig versus using coiled tubing).
- Data on well construction methods (e.g., one method of original sand control could correlate to wells that have higher rates of future cleanout jobs).
Learn How You Can Participate
Obtain a clear picture of your competitive position with data-driven, actionable insight. Make informed decisions and justify your strategies and improvement projects.
"If you always do what you always did, you will always get what you always got." ALBERT EINSTEIN
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.