Solomon continues to improve the Worldwide Onshore Production Operations Performance Analysis (Onshore Study) to further provide valuable insights for participants in the upcoming 2025 study year. In previous study cycles, Solomon expanded its metrics in the Onshore Study to provide deeper insights into key areas such as sustainability, staffing, welllevel production efficiency and well-work performance drivers. Solomon’s continuous investment remains aligned with the objective of enhancing the value that participants derive from the study, prioritizing improvement suggestions to increase insights and better identify performance drivers that will lead to gap closure and sustainable performance.
FIELD PRODUCTION EFFICIENCY & RELIABILITY
The 2025 study will provide deeper insights into the production reliability performance by the additional comparison of artificial lift systems, normalized impact of downtimes associated with major scheduled turnarounds, and new weighted field reliability metrics.
- PRODUCTION RELIABILITY METRICS BY WELL TYPE – Comparisons by artificial lift system and well productivity level will be included to provide deeper understanding of the performance drivers.
- NORMALIZED IMPACT OF MAJOR TURNAROUNDS – Similar to the approach applied to maintenance cost metrics, turnarounds impact on production efficiency and Reliability metrics will be annualized.
- WEIGHTED FIELD PRODUCTION RELIABILITY METRICS – Field-Level Mean Time Between Incidents (W-MTBI) and Mean Time to Recovery (W-MTTR) will factor in well-level production level.
WELL WORK PROGRAM ANALYSIS
The Well Work Program Analysis was introduced in the last study cycle and continues to be improved to better benefit study participants.
- WELL-WORK DATA GRANULARITY – Well work data will be collected by jobs rather than in the previous studies, by well work categories. This addition will ensure consistency and provide further understanding of economic benefits, uplift, and comparative performance.
SURFACE MAINTENANCE ANALYSIS
The 2025 Study will include the addition of two Solomon proprietary metrics, Maintenance Cost Efficiency Index (MEI) and Maintenance Cost per BOE. These new metrics will enable cross-value chain integration with the Natural Gas Processing & Fractionation Study (NGPF Study) metrics.
- INTEGRATED MAINTENANCE COST INDICATORS – To compliment the traditional Field Surface Repair & Maintenance (SRM) and Field Labor Cost Indicator, Solomon will implement a new view that aggregates all the direct and allocated indirect costs associated to the maintenance function. This integrated view will assist in evaluating efficiency and effectiveness associated with maintenance delivery strategy. Company and contract maintenance labor, materials, equipment rentals, and other indirect costs will be included in this metric. MEI will be the efficiency metric considering the normalization criteria. MEI per BOE will be represented as a competitive metric.
STAFFING ANALYSIS
Solomon has expanded the study scope to provide deeper understanding of the field production staffing, including total personnel efficiency (PEI) and total maintenance personnel efficiency (mPEI). These new metrics will enable cross-value chain integration with the natural gas processing plant metrics.
- PERSONNEL EFFICIENCY INDEX (PEI) – A proprietary metric that includes all the field direct and indirect (tech support, business support, other G&A) personnel supporting the asset.
- MAINTENANCE PERSONNEL EFFICIENCY INDEX (MPEI) – Consists of the total maintenance personnel executing routine maintenance activities and specialized contract services, as well as indirect technical support and other allocated G&A personnel.
ENERGY & SUSTAINABILTY
Assessment of operators’ energy and sustainability performance in the 2025 study cycle will provide additional learnings for both energy utilization improvement and carbon footprint reduction.
- ENHANCED ENERGY MANAGEMENT ANALYSIS – To compliment KPIs of Carbon Emissions per Barrel (CEB) and Carbon Emissions Index (CEI), this analysis helps better manage the carbon footprint of your assets with a focused analysis on energy management. Solomon has made improvements to the normalization criteria of the analysis to differentiate the energy standards associated with the compression and non-compression systems.
- STEAM GENERATION SYSTEM METRICS – As a critical component for Thermal Asset Types, Solomon will be collecting and evaluating the reliability and energy efficiency of the system compared to other thermal peers’ operations.
EXPANDED GAP ANALYSIS
The 2023 study rankings were re-aligned to be consistent with other major Solomon studies by switching from terciles to quartiles. The 2025 study will enhance its gap analysis approach to further identify controllable vs non-controllable gaps and more accurately select top performers.
- CONTROLLABLE GAP ASSESSMENT – A Field Performance Assessment will calculate the monetary gap associated to controllable components for personnel efficiency (headcount) and energy efficiency (consumption) using standard cost rates for each peer group. This will allow the gap differentiation between resource-driven gaps and price-driven gaps for these key categories.
- ENHANCED TOP PERFORMERS IDENTIFICATION – New criteria for selecting top performers will utilize Operational Availability instead of Total Production Efficiency and will consider Personnel Efficiency Index (PEI™ – Headcount- Basis instead of Cost-Basis), Maintenance Cost Efficiency (MEI™), Well Servicing Efficiency Index, Energy Intensity Index™ (EII® – Consumption-Basis instead of Cost-Basis). This will deliver a better understanding of performance compared to not only the average study participant but also to the top-performers study participants.
DATA COLLECTION & RESULTS DELIVERY IMPROVEMENTS
Enhancements to data collection and results delivery have been made to accelerate the collection process and improve understanding of results.
- ENHANCED INPUT FORMS AND DATA COLLECTION GUIDANCE – The restructured field data input forms will allow reporting and consolidation of all data into one single input form (Cost, Personnel, Technical), enabling initial data checks and improved versioning control. This approach is consistent with the NGPF Study input forms and other Solomon’s studies.
- SIMPLIFIED PRESENTATION – Presentation design has been enhanced to better deliver results at different levels in the client’s organization from asset management to the executive level.
- IMPROVED RESULTS FORMAT DELIVERY FOR INTEGRATION – Study Results will be delivered in a new Microsoft® Excel® file format that will be easier to review the results data points during preliminary results stage and final deliverables. This file will also help to integrate the data into data visualization platforms.
2025 STUDY ADDITIONAL SERVICES AVAILABLE
Solomon offers additional add-ons, effective for the 2025 Onshore Study. Each will be available as subscription options to study participants:
- ONSITE DATA COLLECTION ASSISTANCE – Solomon can help you accelerate the data collection process by assigning resources to work with your team onsite during a specific period (approx. 2 weeks) to clarify data collection requirements and guide mapping process to fill out Solomon’s input forms.
- ENERGY DEEP-DIVE – A more detailed assessment that includes energy efficiency and carbon efficiency indicators by equipment family: pumps, compressors, etc. This assessment will require a more extensive list of input data requirements to provide additional insights.
- ACTION PLANNING WORKSHOP – A post-benchmarking workshop that acts as an advisory service to help clients prioritize opportunities identified from the study and formulate action plans to close identified gaps.
BEHIND THE SCENES IMPROVEMENTS
Solomon continues to make investments in data analytics and automation platforms to both improve study effectiveness and facilitate deeper meaningful performance insights. The overlapping layers of confidentiality safeguards and cybersecurity protections that surround all Solomon benchmarking studies are continually reviewed, pressuretested, and hardened. Finally, we continue to increase the depth and breadth of onshore industry expertise within our upstream team to provide greater value to our study participants.
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