NEW SMARTKPIS.COM REPORT RANKS THE TOP OIL AND GAS KPIS OF 2011- 2012
June 05, 2013, Melbourne, Australia – The KPI Institute, the global authority on Key Performance Indicators (KPIs) research and education announces the launch of a new report in its 2011-2012 edition of its popular Top 25 series of reports. The series is based on research conducted through www.smartKPIs.com, which contains over 20,000 Key Performance Indicator examples, making it the world’s largest source of thoroughly documented KPIs.
Oil and gas includes the extraction and refining of gas and oil natural resources. Gas includes the extraction of natural gas through a system of mains. Oil includes the refining and distribution of liquid or gaseous fuels or other products from crude petroleum, bituminous minerals or their fractionation products. KPIs focus on the efficiency of processes (extraction and preparation) and the quality of the final outputs.
The “Top 25 Oil and Gas KPIs of 2011-2012” report provides insights in the state of Oil and Gas KPIs performance measurement today by listing and analyzing the most visited KPIs out of the more than 60 KPIs in this category on smartKPIs.com in 2011-2012. In addition to KPI names, the report contains a detailed description of each KPI, as documented in smartKPIs Premium.
Oil and Gas KPIs are reflective of Oil and Gas areas of interest, and are grouped into subcategories, such as Exploration Operations, Productivity, Drilling Costs, Drilling Time, Drilling Equipment and Drilling Operations. Among these, Exploration Operations was the most popular and was closely followed by Productivity. One of the most important benefits that this report brings is the international perspective on the most popular KPIs for Oil and Gas Management. Oil and Gas KPIs provide quantifiable measurements of factors determined to be important for the successful implementation of Oil and Gas strategies. The skill in applying KPIs is in the selection of the optimum number and appropriateness of KPIs. The top 5 Oil and Gas KPIs in this report are:
- % Non productive drilling time (NPT)
- % Drilling rig utilization rate
- % Drilling success rate
- $ Drilling cost per meter (foot)
- % Drilling rigs availability
By discussing the use of KPIs today, presenting the best practice in documenting them and listing the most popular KPIs of 2011, the “Top 25 Oil and Gas KPIs of 2011-2012” report is a valuable resource in promoting the informed use of KPIs or refreshing the existing performance measurement and management practice in any organization.
According to Aurel Brudan, The KPI Institute’s CEO “The Top 25 Oil and Gas KPIs of 2011-2012 report is a synthesis of what smartKPIs.com is all about: it provides an overview of how Oil and Gas KPIs are used in practice today, by combining input from the online community with analysis and insights from our research team.”
http://www.smartkpis.com is the leading online platform for performance management knowledge integration, hosting the largest database of thoroughly documented KPI examples available on the web today. It offers high quality resources and collaboration functionality for the community of members, assisting them in making smart decisions regarding their performance management initiatives. Registration is free and enables research, learning and interaction as part of a growing community of members from over 190 countries and territories.
ABOUT THE KPI INSTITUTE
The KPI Institute is a research, publishing and educational provider specialized in developing better practice in the use of KPIs. It developed the KPI Management Framework and runs five main research programs, dedicated to performance management, the Balanced Scorecard, KPIs, analytics and organizational strategy. Over the last 8 years, The Institute assisted over 5,000 organizations in finding solutions to their KPI needs.
Cipriana Turcanu, The KPI Institute, Tel: +61 3 9670 2979, Email: [email protected]