Solomon Advisory Services

Energy Management

Energy management is a major expense for operators of oil and gas fields. By improving their energy management, operators can not only lower costs, they can reduce greenhouse gas emissions and make production more efficient. Solomon’s Energy Management Advisory Services help operators improve their energy management by assessing not only their energy use but their production levels, costs, and emissions. The goal of this assessment is to identify opportunities for performance improvement — opportunities often missed when companies focus only on reducing costs or energy usage.

Why Choose Solomon Upstream?

We’ve conducted more than 200 upstream benchmarking projects for more than 100 companies in over 40 countries. Through these projects we’ve gained the considerable experience and extensive collection of real-world performance data that form the backbone of our success in energy management consulting. Our experience is what has led us to develop our unique approach to hydrocarbon production analysis — an approach that’s truly integrated and holistic.

Often the best approach to managing energy is to optimize the underlying drivers of energy consumption, such as reservoir management, artificial lift strategies, and major equipment maintenance philosophies. Our broad understanding of E&P activities allows us to identify significant opportunities in these areas and implement plans to address them.

How It Works

The main elements of our methodology include the following:

  • Performance Baseline: An energy performance baseline for the asset (field or production area) is established using key performance indicators (KPIs). These KPIs address three strategic categories (energy, cost, and productivity) and three major energy drivers (efficiency, reliability, and consumption).
  • Gap Analysis: The baseline is then compared with leader performance using peer data. A gap analysis identifies opportunities for energy performance improvement and potential savings.
  • Optimization: Optimization analysis is undertaken by comparing KPIs calculated for the baseline to a reference line with optimal performance. This approach helps operators optimize energy management comprehensively — at the equipment, facility, field, and corporate levels.

Our broad understanding of upstream activities helps us identify the most significant opportunities for performance improvement in your energy management operations. Addressing these opportunities inevitably results in significant savings.