Single index measures operational performance of hydrocarbon facilities

A new method overcomes many of the limitations of existing hydrocarbons benchmarking practices and addresses the need for a single and precise measurement of operational performance that can be applied uniformly throughout the oil and gas industry.The method describes the measurable properties (metrics) of an oil and gas facility (platform, pipeline, marine terminal, processing terminal, petrochemical plant, refinery, or LNG plant) and accounts for their interdependencies. It further calculates the percentage deviation of each metric relative to the corresponding industry (peer group) average and determines its significance.Finally, the method integrates all the individual measures of per...

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