With ever-increasing downward pressure on costs and higher expectations for safety, availability, reliability and environmental performance, the challenges facing asset operators are immense. These operators must all meet demand requirements on time and within specification, at optimal cost and, most importantly, within acceptable levels of risk. Benchmarking can support these operators in advancing to a position of operational excellence.
Prerequisites for successful benchmarking include the use of a third party facilitator, strict confidentiality, effective data normalisation, a standardised model and a comprehensive analysis that provides actionable findings.
This benchmarking study focussed on the operational efficiency and effectiveness of gas processing assets. The real value in benchmarking is not so much the direct comparison with peers, but the identification of areas where investment should be considered to improve operations through performance gap analyses.
Case study examples indicated that, through benchmarking, operators are achieving performance improvements in a multitude of areas.
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