KPI for Measuring of exploration and exploitation in the oil and gas industry posted in category Oil and Gas industry
WinningKPI - Oil and Gas industry - KPI for Measuring of exploration and exploitation in the oil and gas industry posted in category Oil and Gas industry This indicator is for measuring of the exploration and exploitation process of oil and gas companies; also for measuring refining processes
More details:
KPI Units: %
Thank you for your request. See below some ideas of KPIs to help you with your analysis.
Exploration
Exploration Success Rate %
You may measure this internally (against your goals) or at industry level
For instance, if your plan for 2013 is for 15 explorations and you only achieved 10 here is how you calculate:
10/15 x 100 = 66.7% exploration success rare
You may also measure:
Exploration Rig Use
Pleasure measure this against your practices
You could compare rig use with success rate and see interrelations.
You may also measure:
Cost of exploration per success rate of exploration wells
Exploitation
Here you can use:
Drilling Rig Utilization Rate
Cost of Drilling Well
Refining Process
Refinery Utilization
Refinery Capacity
Please measure all your KPIs over given time periods such as monthly, quarterly or annually. Take into consideration all external factors that may affect the KPI results, for best practice and strategy building.
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This indicator is for measuring of the exploration and exploitation process of oil and gas companies; also for measuring refining processes
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