Operational Excellence
Results Achieved
Increase in
production volume
Reduction in total
operating costs
Increase in availability on eight largest compressors
Sustainable annualized benefits vs. $3.1M target
Client Challenge
The company was facing a daunting gap of $1.20 to $2.70/BOE between the 18 platforms in its Eastern region as well as “best in class” lifting cost for shelf operators. A “More Barrels, Lower Cost, and the Right Information to manage the business with” mandate was hampered by:
- Different legacy cultures and business practices due to recent merger
- Reactive maintenance, operations and logistics activities without clearly defined strategies
- Lack of performance measurements and communication flow
Key Solutions Implemented
- Rationalization and removal of excess assets from the logistics fleet
- Choke model and production loss accounting tools with daily reviews of actual production versus well test rates
- Integrated Production and Maintenance planning system enabling optimization of resources and reducing reliance on outside contractors
- FMEA on critical assets, updated preventive maintenance program with new operating parameters, spares policies and necessary modifications
- Centrally coordinated daily/weekly boat and helicopter plan and review structure tying all functions into cooperative sharing of resources