| Overview |
| The oil and gas industry is experiencing extreme challenges with ever increasing energy demands from the global market, constantly changing regulatory requirements impacting production and refining, and anticipated shortage of labor (engineering, craft and supervision). Since the outcomes of the capital projects have strategic implications on the success and profitability of the business, the ability to deliver based on pre-determined objectives should be critical to the company's success.
And yet one-third of all oil and gas projects exceed budget and time projections by more than 10 percent. Failures to deliver big projects on budget and on schedule are highly publicized and damage the companies profile with capital markets that expect predictability and strong returns.
Continual use of traditional project management techniques will not alter this trend. Companies wanting to change and improve their performance with critical capital projects will need to adopt new techniques.
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| SPS for Oil & Gas |
| SPS tools and methodologies bring production management control to your capital projects to increase the predictability of project outcomes, thus increasing operating efficiencies and profitability. SPS can optimize your capital project outcomes in these critical business functions:
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| Upstream |
- Exploration
- Field Development
- Production
- Oil field operations and maintenance
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| Downstream |
- Refining facilities development
- Refining operations and turnarounds
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SPS|PM for Oil & Gas optimizes capital project outcomes by driving collaboration and increasing visibility into project production activities impacting project deliverables. Specifically, SPS|PM for Oil & Gas will empower project teams to effectively coordinate and communicate project progress and performance,
improve coordination of suppliers and visibility into daily project production activities,
optimization of resource capacity actual project production demands, and
dynamically integrate status of daily project production activities with project management and controls systems to provide accurate assessment of trends, percent complete, and forecasted estimates of completion.
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| Benefits |
- Conformance to environment, health, and safety regulations
- Improved operating efficiency through better execution of projects and maintenance downtime
- Reduced refinery turnaround times to increase revenue and profitability
- Improved asset development and delivery
- Improved profitability through more efficient assets
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| Who's Benefiting |
- Aera Energy
- BP
- Citgo
- ExxonMobil
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| BP Whiting ULSD |
| BP Whiting ULSD delivered 13% under cost budget, labor productivity 24% better than industry norms and construction duration 10 percent faster than industry |
| "Every large industrial project in Northwest Indiana and the south suburbs of Chicago has been over budget and has missed schedule for the last 20 years. This method broke the cycle." Dave Koester, BMW Senior Project Manager |
| Learn More |
| Please click here to have an SPS representative contact you. |