Services

Upstream

Build a safe, resilient and cost-effective upstream business

Overview

The upstream oil and gas sector operates in a volatile energy market and is under constant pressure to operate safely, efficiently and in an environmentally friendly way. Each decade brings new challenges that require adaptability to achieve strategic aims.

There are several critical success factors for companies operating in this capital-intensive sector. First and foremost, they must comply with strict legal regulations relating to HSE (health, safety and the environment) – not just in practice but also in spirit. Secondly, as no single company can control price, production volumes need to be kept as high as possible in order to preserve margin – and ultimately commercial viability. Finally, given the significant investment required for exploring, developing and producing oil and gas, cost efficiencies are a priority, but they should not increase risk to HSE, production or long-term technical integrity.

One of the most pressing challenges for upstream operations is to ensure safe and efficient operations. This can be achieved by prioritizing employee safety, implementing best practices across the operation, and deploying management systems that identify and proactively address risk to HSE performance.

In order to maintain production volumes and maintain the economic viability of an oil and gas field, efficient maintenance processes and practices improve overall equipment effectiveness (OOE), which in turn ensures production losses are minimized.

Cost of operations is critical, especially for fields that are on plateau or in decline. However, costs should only be reduced as a result of improving efficiencies, such as increasing tool time, better work planning/scheduling, cost effective use of parts, materials and consumables, etc. Reducing cost without addressing underlying efficiencies will increase risk to HSE and production.

Growth and sustainability depend on replenishing or increasing reserves. As existing reservoirs deplete, companies need to succeed in finding and developing new sources of oil and gas. Again, efficiency is critical in ensuring development projects are executed safely, on time and within budget. Companies also need to invest in new technologies to reduce development costs for new fields and to improve recovery rates for existing fields.

Times are changing and the sector has to embark on a journey to reduce carbon emissions and achieve net zero targets. Embedding sustainability strategies into core business operations offers a better future to remain resilient to external disruptions.

Key client challenges

1

How can we improve our HSE performance?

2

How can we optimize maintenance processes to improve equipment reliability, reduce break-ins/backlogs and reduce production losses?

3

How can we maximize wrench time productivity and workforce utilization?

4

How can we manage the high costs associated with personnel and material transportation in offshore operations?

5

How can we ensure a timely delivery of critical parts and materials, especially when warehouse spaces are limited for offshore operations?

6

How can we consistently deliver turnarounds on time and on budget?

7

How can we improve turnaround times for maintenance activities?
Ready to improve your Upstream?

Why Renoir Oil and Gas

Hands-on collaboration

Our global team of consultants takes execution to the next level. We don’t just advise from the sidelines – we collaborate with your people at all levels of the organization – senior management, supervision and the frontline, working hands-on with teams both onshore and offshore. Our approach is to engage deeply with the people and processes at the ‘frontier areas’, driving change that is not only practical, but lasting.

Measurable value creation

Renoir Oil & Gas analyzes opportunities in your business and commits to delivering real organizational and revenue outcomes.

Experts in ownership

The Renoir Oil & Gas methodology and focus on behavioral change guarantees that we leave your organization and your people with the ability to continue growing value long after the project has been delivered.

Further Reading

Operations

Case Studies

2024/12/02
Oil and gas operations achieves 82% increase in technician wrench time

ECPM

Case Studies

2024/12/02
Oil and gas company optimises project performance by streamlining KPIs

Case Studies

2024/10/28
Major midstream company overhauls ticketing processes to streamline oil logistics

Marketing & Distribution

Case Studies

2024/10/28
Oil & gas company revs up business with 13% sales growth

Turnarounds

Case Studies

2024/08/27
Permit to work compliance rises with Management Control System

Maintenance & Reliability

Case Studies

2024/08/15
Refinery reduces total maintenance downtime by 25%

Maintenance & Reliability

Case Studies

2024/08/12
Oil refinery increases throughput by 34%

Maintenance & Reliability

Case Studies

2024/08/09
Aviation fuel company reduces maintenance backlog by 28%

Our Areas of Expertise

Maintenance & Reliability

Improve compliance with maintenance and inspection plans and schedules for a safe and efficient working environment
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Procurement, Contracts, Logistics & Warehousing

Ensure the smooth flow of goods and materials through strict adherence to procurement, logistics and warehousing processes
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Engineering, Construction, Project & Modifications (ECPM)

Unlock full potential: Enhance efficiency, profitability, and sustainability today
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Turnarounds

Unlock value: Streamline turnarounds for competitive advantage
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Drilling

Ensure the integrity of wells throughout their lifecycle
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Operations

Achieve oil and gas operational excellence through robust management systems and disciplined work processes
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Data & Analytics

Generate insights to make better decisions, faster
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Inspections & Integrity

Prioritize asset reliability and integrity for improved safety and higher production rates
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Marketing & Distribution

Deploy a dynamic, targeted approach to engage prospects and customers
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Sustainability & ESG

Turn Challenges into Opportunities
Read More

Ready to attack your challenges?

Let's work together to build a high performance organization that can adapt to change.

Related Insights

ECPM

Case Studies

2024/12/02
Oil and gas company optimises project performance by streamlining KPIs

Drilling

Case Studies

2024/03/04
Leading drilling company achieves US$75mil in savings after culture overhaul

Maintenance & Reliability

Case Studies

2023/11/20
Oil and gas drilling company improves employee engagement and safety with an interactive system