Offshore Oil Platforms: Measuring the Way to Success

In the offshore oil industry, the old adage “if you can’t measure, you can’t improve” rings as true as ever.  While corporate management teams monitor profit, uptime, flow rates and a few other high level metrics - all of which are important - very few oil companies truly understand how to best measure the operational performance of their platforms.  In the absence of understanding the key inputs, outputs, and business drivers of day-to-day platform operations, oil companies miss the opportunity to decrease costs, improve productivity, and optimize their profits.

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