Performance Management for the Oil, Gas, and Process Industries

Like many industries, the oil, gas, and process industries are coming under increasing pressure to cut costs due to ongoing construction of larger, more integrated units, as well as the application of increasingly stringent environmental policies. Performance Management for the Oil, Gas, and Process Industries delivers a practical guide on the whole business cycle and the use of techniques to undertake step, episodic, and breakthrough improvement in performance and, by implication, optimize operating costs of the company. Focusing on the ‘value adder’ or ‘revenue generator’ core system and the company direction statement, this book describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries. The book will enable the reader to: Utilize best practice principles of good governance for long term performance enhancementIdentify the most significant performance indicators for overall business improvementApply strategies to ensure that targets are met in agreed time frames Set appropriate and realistic short-term/ long-term targets with a pre-built facility health checkerUnderstand the relationship between PSM, OHS, and Asset Integrity with an increase in focus on behavior-based safetyLearn from specific oil and gas issues and examples such as refinery and gas plant performance initiatives and hydrocarbon accounting