Achieving “Technical Limit” Performance
For many companies in offshore drilling and production, reliability has improved very little in the last 25 years, despite many design improvements.
If we are to believe several recent benchmark studies and articles in professional magazines, it appears that there are still many rigs operating in the reactive mode, with as much as 8% downtime.
At an IADC Conference in 1982, Bernie Price presented what at that time were the latest concepts and methodologies for driving toward “World Class Performance” in the process industries. Almost all of them are currently being applied in the oilfield. Bernie is still working ahead of the curve, implementing new programs and methodologies for removing defects from all phases of operations.
We propose that in this time of excellent profitability, some of the money now being spent on new iron should instead be spent on reliability technologies and management methods that frequently have returns of 25:1!
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