The leader in upstream energy benchmarking for over 30 years.
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.
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.
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.
Our proprietary database contains information from
offshore and onshore oil and gas fields in
Uptime Reliability Metrics
- Production Efficiency (Planned & Unplanned)
- Lost Production
- Mean Time Between Incidents
- Mean Time to Recover
- Proprietary Reliability Index
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.