Recent low oil prices have restricted value creation, compounding issues of high costs and greater technical and commercial complexity. Successful Exploration and Production Operators will differentiate themselves from their competitors by optimising the return from each capital dollar invested.
This programme aims to identify and determine the best metric to evaluate performance against your peers and provides opportunities to learn from those in the top quartile, as well as see how others are interpreting current trends and market recovery scenarios and in turn managing their portfolio of assets at upstream more effectively. While each organisation may measure capital efficiency in a different manner, baselines and industry level benchmarks have been developed to compare organisations’ capital spending effectiveness at upstream. They provide both qualitative and qualitative insights into an organisation’s ability to manage their upstream portfolios to better achieve capital efficiency through structured and well defined cost management approaches.