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66 results for for "Operational Excellence"
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Changing behaviour to deliver results
Our experience has proven that to change performance for the better an organisation must first change the attitudes, beliefs and behaviours of the people upon whom performance depends.
Locking in the gains
Faced with the reality of sustained market price erosion in 2015, Operators responded by launching relentless cost cutting initiatives.
Innovative benefits versus innovative risks
In part two of this six-part series, Adam Boughton discusses Golden Rule #2, understanding the balance between “Innovative Benefits” vs. “Innovative Risk.” How do you tackle the challenge of knowing when you should choose to be an innovation leader versus an innovation laggard for any given project?
Creating the optimal asset
In the first of this six-part series, Adam Boughton presents six Golden Rules that, if incorporated into the very early stages of a project and then carried through into execution, can provide the foundation for the creation of the optimal asset, minimising the risk of introducing assets that will cause significant frustrations for the Owner/Operator in the 20+ years ahead that they will have to use the assets.
Understand the metric of Overall Equipment Efficiency
In the fifth part of this series on Creating the Optimal Asset, Adam Boughton explains how the Overall Equipment Efficiency metric can provide significant understanding of asset efficiency, particularly in the early stages of a project.
Value engineering WILL add value
Value engineering is a well-defined and documented process that is not just about cutting costs. In the last part of the 'Creating the Optimal Asset Series', Adam Boughton shares the value engineering process and how it can ultimately drive project success.
Managing aging assets - how to achieve operational excellence
Oil companies are being increasingly challenged on how they manage assets that are running beyond their design life. In the Middle East alone there are 700 to 800 fixed offshore platforms and bridges, of which more than 70% are older than 25 years (DNV, 2016).
The digital management of subsea asset integrity
Understanding the condition of all elements of a subsea system is essential to ensuring safe operations and production. This is achieved by managing the integrity of our subsea assets.