Improving Capital Projects

Middle East - Oil & Gas Major 

We conducted an operational excellence assessment and then led an improvement project in their capital projects organisation, whose role was delivering multi-million, major capital and maintenance projects offshore.

The objectives of the assessment were:

• To measure the excellence level of the organisation as defined in their operational manual
• To capture improvement opportunities, prioritise and make recommendations for improvements
• To Identify best practice which could then be shared across other areas of the organisation including lessons learned and for bench marking purposes

What We did:

• The Assessment identified tangible improvement opportunities across 7 separate areas worth between $100m - $300m in potential savings per annum.
• The business case and improvement project approved to deliver improvements in: value engineering, procurement processes, supplier management, technology deployment, contract negotiations and supplier review and rationalisation

The results:

• The project delivered $200m of tangible savings during the 12 months of being implemented.