Reducing Costs for a $15B Unconventional Oil & Gas Provider
Client Background & Challenges
The oil sands site of this $15B unconventional oil & gas provider engages in the mining, extraction, and upgrading of bitumen into a synthetic crude oil. This process is capital intensive, and operating costs per barrel can be as much at 10x the cost of conventional drilling. As a result of this, there is an urgent need to reduce the cost per barrel to achieve and maintain competitiveness in the global market.
Approach unsecured credit loan & Analysis
SSA & Company was selected to assist in this effort, and deployed a cross-site team to systemically review operations, analyzing everything from high-level corporate strategy to operator practices. SSA developed solutions to improve asset reliability and uptime, increase process safety, increase productive use of assets and labor, and reduce waste. SSA then personal loan rate uk aggressively implemented these solutions, resulting in significantly improved client business performance.
Results personal loans online no credit check & Value to Client
This work significantly contributed to reducing operating costs, resulting in a 17% cost per barrel reduction over a 3 year period. Additionally, SSA transferred these skills to the company’s team to ensure the culture of improvement would remain long after we secured bad credit personal loan left. Some examples of this work include:
- improving mining fleet efficiency by 10% through the use of better shift change practices
- deploying step change maintenance cycle time reductions and preventive maintenance programs to keep key assets in bitumen production at high uptime levels
- designing and implementing unified performance management tools throughout each business unit, aligning operator performance to corporate nys deferred compensation loans goals and objectives
Related Capabilities and Expertise:
More Client Impact Stories:
- Optimizing the Order to Cash processes of a $300 million education company in order to contain A/R
- Leveraging Operations Data and Analytics to Optimize the Global IT Infrastructure of a Multi-Billion Insurance Firm
- Driving Performance across the Enterprise for a $1B Truck and Trailer Parts Retailer
- Designing a New Operating Model for the Entire Middle Office of a Leading Brokerage Firm and Redefining Transaction Processing