How Can LSS Improve the Oil and Gas Industry?
Six Sigma – iSixSigma › Forums › General Forums › Implementation › How Can LSS Improve the Oil and Gas Industry?
- This topic has 6 replies, 1 voice, and was last updated 2 years, 5 months ago by
Monu.
-
AuthorPosts
-
September 23, 2019 at 2:44 am #242345
Camelia JohnParticipant@cameliajohnInclude @cameliajohn in your post and this person will
be notified via email.Hello friends,
How to improve Oil and Gas Industry by Lean Six Sigma?
0September 23, 2019 at 2:52 am #242348
Katie BarryParticipant@KatieBarryInclude @KatieBarry in your post and this person will
be notified via email.@cameliajohn Did you search our site? We have a section of content on applying LSS to energy. Industries > Energy: https://www.isixsigma.com/industries/energy/
0September 23, 2019 at 2:57 am #242349
Camelia JohnParticipant@cameliajohnInclude @cameliajohn in your post and this person will
be notified via email.Not yet. Thanks for the link @KatieBarry
0September 25, 2019 at 6:47 am #242383
Sergey GlukhovParticipant@[email protected]Include @[email protected] in your post and this person will
be notified via email.Camelia, hi.
There’s lots of information on using LSS in Oil Industry. The best known examples are by Chevron.
If you send me your email I will send to you all I have in my archives.
Sergey
0September 25, 2019 at 7:47 am #242384
Sergey GlukhovParticipant@[email protected]Include @[email protected] in your post and this person will
be notified via email.My email [email protected]
0October 7, 2019 at 2:47 pm #242607
Mike CarnellParticipant@Mike-CarnellInclude @Mike-Carnell in your post and this person will
be notified via email.@carmeliajohn Oil and gas is a very large area. Is there a particular place in that chain you are looking? If you lok at the current issues in oil and gas and the oil and gas recession you have to understand cost is always going to be a huge issue. It is the basic “last man standing” mentality. You are in a commodity business. The market determines the price so your basic cost model is Market Price – Cost = your profit. There is always going to be that point where when your cost is equivalent to Market price you are break even. Your cost is higher than market price and you loose money. At the very least any cost reductions can have a significant impact on the oil and gas business. The other analysis you need to do is where is the leverage. You don’t want to sell a project on reducing the price of copiers leases for your office when you are paying $27,000 per day to have a drill rig on site. Find out what matters.
0December 17, 2019 at 5:30 am #244527Thanks for explaining in detail Mike Carnell.
0 -
AuthorPosts
You must be logged in to reply to this topic.