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.
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.
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).
Closing Performance Gaps
What gaps do you struggle to close? What quick and near-term actions will have the biggest impact on performance excellence and profitability? We know what good looks like… and how to get there.
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.
Webinar: Leading Offshore Operators – Characteristics of Operational Performance Excellence
What does a leading Offshore Operator look like? Dive into the key operational performance characteristics and operator data during this 10-minute on-demand webinar recording.
Additional Studies & Analysis
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.
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!