Scalar Market Research aims to provide real-time data and consulting services to clients around the world. The following case study showcases how we work with our clients across a range of issues to deliver impactful advantage.
The Client Challenge
Our client, a leading, independent energy producer wanted to increase the performance of a key US asset. While throughput improvement was the primary impetus for commencing the relationship, our client recognized the need to accomplish two other things:
Beginning with an assessment, we reviewed operations, the organization structure and all relevant support functions. The key deliverable agreed upon for the project was a 3 percent increase in base production. This would be achieved by focusing on two aspects of production performance namely increasing rate and reducing downtime. Project delivery was divided into three distinct work streams:
This enabled the delivery of results in a timely manner by creating awareness of Key Performance Indicators (KPIs) and their variance from targeted values, in addition to developing and implementing tools and techniques at the well level to eliminate daily variances.
The client’s vision (coincidentally, the vision of most companies in this sector) is to maintain and grow the base. All elements are in place, effectively used, and driving behavioral change and continuous improvement. Operationally, MTG exceeded the deliverable of a 3 percent improvement (which our client initially thought was unreachable). At project close, we delivered 6 percent over base and are confident of continued success. This improvement translates into the client being 16 percent over production budget at this time. The decline curve has been sharply changed.
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