Onshore Study

Benchmarking has long been an effective practice to help operators compare against their peers and find performance gaps in their assets. The Worldwide Onshore Production Operations Performance Analysis (Onshore Study) uses Solomon’s proprietary Comparative Performance Analysis™ (CPA™) methodology to compare the operational performance of onshore operators around the world with a range of key performance indicators. The onshore database is carefully cleansed and prepared to enable trusted, actionable insight and stands out from public data.

The study delivers customized feedback emphasizing on where to focus optimization efforts to have the greatest impact. The study enables more effective resource management, future financial improvement, and enhanced competitiveness.

Because production is not the main cost driver, unit cost alone does not indicate the level of operations efficiency. Solomon’s proprietary normalized cost analysis levels the playing field by considering the size and complexity of each asset. The normalized cost analysis enables a more realistic identification of improvement opportunities. The gaps in cost efficiency performance between the asset and peer group leaders identify areas for potential cost optimization in every major cost category, as shown in Figure 1.

Figure 1. Cost Efficiency Gaps to Leaders

Join top companies that rely on Solomon’s Onshore Study to identify optimization opportunities and reduce production loss.

• Measure your onshore operations performance against the world’s top performers
• Uncover areas of underperformance and identify realistic improvement opportunities
• Prioritize optimization efforts that have the greatest sustainable impact
• Compare direct support or overhead against your peers
• Understand year-on-year cost and production performance trends for each asset and peer group
• Compare direct and indirect support costs with peers

Participants will receive the following:

• Customized diagnostic analysis, including conclusions, recommendations, and valued opportunity potential for each asset.
• Specific cost targets and recommendations to achieve top level performance are presented.
• Private debriefings with Solomon advisors.

Upstream Operator Reduces Risk and Increases Confidence in OpEx Budget for New Gulf of Mexico Project

Several new indicators have been added, including:

• Maintenance Cost Efficiency Index (MEI™)
• Personnel Efficiency Index (PEI™)
• Energy Intensity Index™ (EII^®)
• Carbon Emissions Index (CEI)