Petrotechnics survey shows operational excellence is regarded as a key priority

Petrotechnics, an Aberdeen-based oil and gas technology firm, has released the results of its Operational Excellence Index into attitudes towards operational excellence among the oil, gas and petrochemical industries. The index shows operational excellence is regarded as a key priority for the majority of organizations.

Achieving operational excellence has also become more important to most organizations over the past two years. A third of respondents (33%) said that it has become more or very important to everyone in their organization, while 47% say that it has become more or very important to some people in their organization. Only 10% said nothing has changed over the past two years, while five percent believe it has become less important.

The importance of operational excellence can also be seen by those sponsoring it within a business. Nearly half (46%) of respondents said that achieving operational excellence is sponsored at a corporate level by members of the board. Nearly a third (31%) said that everyone within the organization is responsible, while 18% said that it lies with a specific operational excellence function.

When it comes to the drivers for achieving operational excellence, 63% cited the need to achieve greater cost efficiencies and reduce operational and major accident risk. The next most popular drivers are optimizing maintenance programs and influencing cultural and behavioral change (56%).

When ranked by importance, the need to reduce operational and major accident risk came top of the list, followed by developing a more systematic approach to operational excellence (a better operating model). Achieving greater cost efficiencies is the third most important driver, while influencing cultural and behavioral change is fourth.

A majority of respondents also believe that technology has an important role to play in delivering sustainable operational excellence in oil, gas and petrochemicals. Just under half (49%) of respondents strongly agree that technology is an enabler.

 

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