Driving operational performance in oil and gas

W hy n o w ?
O p e rat i n g co s t s hav e co n s i s t e n t l y e s cal at e d o v e r t he p as t 10 y e ars an d are p ro j e ct e d t o co n t i n u e d o i n g s o f o r t he n e x t 10 y e a
independent of oil price fluctuations. The recent price drop is not the driving force behind the need for operational excellence, but it
d o e s cre at e a d e m an d f o r s w i f t act i o n . H o w e v e r, t he i n d u s t ry i s i n n e e d o f a m e as u re d ap p ro ach i n co n t ras t t o t he ap p ro ache s o
p as t , w hi ch hav e re s u l t e d i n t he b o o m an d b u s t cy cl e s .
T hi s e x p an d - an d - co n t ract m o d e l cau s e s co n s i d e rab l e i n s t ab i l i t y i n t he i n d u s t ry an d i s m i t i g at e d o n l y o n ce o p e rat o rs i n co rp o rat
perpetual stability and sustainability into their operations strategies. Doing so allows them to capitalize on upswings in a measured and
profitable way. This type of operational endurance is best achieved through operational excellence programs focused on continued,
m e as u re d i m p ro v e m e n t t hat co n s i s t e n t l y ad d re s s e s re cu rre n t b u s i n e s s i s s u e s .
With ever-growing pressure being leveraged upon the oil and gas industry as a result of significant asset and environmental incidents,
declining performance, escalating costs and the more recent drop in prices, companies must take actions that are not only swift, but
appropriate and sustainable to improve HSEQ, operations and business performance. The current economic climate has provided the
necessary focus on operational excellence and new technologies have been provided to make it happen.
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