... contract styles exist, with one common goal: if targets are met, all parties involved benefit. An increasingly common performance contract type is a tier-structure KPI (Key Performance Indicator) format. In this format, metrics in the form of KPIs are determined, and goal ranges are set in a tiered system...

... spe-208631-stu summation performance indicator mature field lower limit well candidate Introduction Oil and gas companies operate at extremely narrow margins. This has pushed production engineering teams to maximize hydrocarbon recovery while keeping their assets constant. Locating...

... Abstract Reserves Replacement Ratio (RRR) has been used as a Key Performance Indicator (KPI) for monitoring the ability of IOCs to replace their reserves through time. It provides valuable information about the expected long-term viability of the company and its ability to move forward with new...

... strategic plans. benchmarking climate change risk management portfolio analysis performance indicator artificial intelligence portfolio optimization adverse scenario selection objective performance objective performance delivery computation torpedoe metric consideration strategic...

... scopes and meet specific value targets either profitability from production gain or cost saving from decommissioning and infill drilling. Each of the project carried unique Key Performance Indicators (KPIs) as the guiding principles to drive the efficiency improvement that was required. A unique process...

... that influenced those human behaviours. benchmarking Upstream Oil & Gas strategic planning and management generator performance system power outage performance indicator certainty procedure recommendation tackle repetitive system failure complex problem operation leadership Artificial...

... on various factors that contribute to invisible lost time (ILT) ( Jones 2000 ). Introduction real time system Artificial Intelligence complex reservoir Drilling Performance Improvement benchmarking performance indicator Upstream Oil & Gas drilling campaign knowledge management...

... actions and enhance drilling performance. data mining hybrid model optimization performance indicator Artificial Intelligence platform Drilling Optimization Platform Drilling application case study drilling operation benchmark ROP torsional oscillation in-bit measurement real time...

... and rigs that needs to be pushed for higher quality data. real time system performance indicator strategic planning and management frequency benchmarking Upstream Oil & Gas weightage requirement frequency data quality index analyzer evaluation rig realtime data quality data quality...

... increase the value of their assets ( Bouleau, Gehin et al. Winter 2007 /2008). Introduction real time system benchmarking Artificial Intelligence data model daily operation performance indicator daily production operation database data acquisition production performance information fusion...

..., highlights the key leading and lagging performance indicators used in the oil and gas industry and introduces leading edge methods to identify vital Key Performance Indicators. Monitoring and benchmarking tools such as collection and tracking of contractor work hours, incident rates, action items...

... Abstract The authors of this paper use Process Safety Key Performance Indicators (KPIs) to improve safety and operational efficiency by studying Safety Critical Equipment (SCE) reliability on Exploration & Production (E&P) offshore installations. This gives E&P Operations...

... have helped the crew to avert the disaster that led to the loss of 11 lives and billions of dollars in environmental and economic damages. Proposed Performance Indicators for Analyzing Kick Detection and Kick Management For purposes of this paper, a kick is defined conventionally...

... equipment manufacturers that have extensive knowledge of solutions provided by advanced technology. Together, these entities can address the drilling challenges of each application, and establish new key performance indicator's that push the current boundaries. Hess's optimization program is a drilling...

... performance indicator digital energy laurence reid effectiveness baseline operation lifting cost oil and gas performance improvement spe 159856 strategic planning and management energy information administration efficiency innovation procedure society of petroleum engineers Introduction...

... indicators tailored to assess risk attitude. Different weights were assigned to each indicator. Composite risk attitude score for each producer was calculated based on key performance indicators. This score represents producer's risk attitude and can be used in decision tree analysis as well as in multi...

... process will be explored. portfolio optimization performance indicator business performance production target operational optimization upstream oil & gas enterprise scale deployment spe 134339 planning process scenario best practice society of petroleum engineers planning...

... of the company or its technology. benchmarking Upstream Oil & Gas customer Recruitment strategic planning and management orientation communication high tech entrepreneur high rating predictive dimension spe 115964 performance indicator expertise knowledge high tech research...

... knowledge management water management Upstream Oil & Gas portal performance indicator water-management solution spe 102497 database Information Resource advisory board meeting application practitioner Process Map water production advisory board Engineer requirement...

... to assure the capture of the expected benefits. benchmarking Upstream Oil & Gas communication performance indicator category Artificial Intelligence criteria questionnaire assessment Implementation application production measurement software optimization objective monitoring...