Lean Six Sigma in Oil & Gas Industry

As per the industry classification benchmark, this industry sector includes the following subsectors –

Exploration & Production - Companies engaged in the exploration for and drilling, production, refining and supply of oil and gas products.

Integrated Oil & Gas - Integrated oil and gas companies engaged in the exploration for and drilling, production, refining, distribution and retail sales of oil and gas products. Increasing demand for petroleum products has triggered the Oil and Gas industry to embrace more efficient means of Operations.

Decision making approaches have been applied by companies in Oil and Gas Industry to improve production, increase reliability and reduce costs while running safe operations.

Some of the leading companies in this sector that have been benefiting from Six Sigma approach are Chevron, Aramco, Texaco, Aera Energy, BakerPetroilite and Halliburton. Amongst Indian companies Reliance Petroleum, ONGC and Indian Oil have adopted Six Sigma in some of their core processes.

Some of the challenging projects carried out in Oil and Gas sector are:

1. Improving Oil Production

2. Improving drilling equipment effectiveness and reliability

3. Improving fluid measurement systems

4. Cycle time reduction in core processes

5. Effective implementation of new technologies

6. Improvement in yield from existing technologies

7. Improving safety in offshore oil and gas operations

 

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As per the industry classification benchmark, this industry sector includes the following subsectors –

Exploration & Production - Companies engaged in the exploration for and drilling, production, refining and supply of oil and gas products.

Integrated Oil & Gas - Integrated oil and gas companies engaged in the exploration for and drilling, production, refining, distribution and retail sales of oil and gas products. Increasing demand for petroleum products has triggered the Oil and Gas industry to embrace more efficient means of Operations.

Decision making approaches have been applied by companies in Oil and Gas Industry to improve production, increase reliability and reduce costs while running safe operations.

Some of the leading companies in this sector that have been benefiting from Six Sigma approach are Chevron, Aramco, Texaco, Aera Energy, BakerPetroilite and Halliburton. Amongst Indian companies Reliance Petroleum, ONGC and Indian Oil have adopted Six Sigma in some of their core processes.

Some of the challenging projects carried out in Oil and Gas sector are:

1. Improving Oil Production

2. Improving drilling equipment effectiveness and reliability

3. Improving fluid measurement systems

4. Cycle time reduction in core processes

5. Effective implementation of new technologies

6. Improvement in yield from existing technologies

7. Improving safety in offshore oil and gas operations