Features and Benefits
Joint Industry Project
The Performance Forum is a Joint Industry Project, sponsored by the key players in the global upstream oil and gas industry. This outstanding group of operators choose to collaborate in order to benefit directly from the experience of others.
Industry leading data analysis
Our unique method of collecting and analysing upstream data means we hold the most in-depth database of completed project costs, durations and technical parameters in the industry.
Benchmarking
Benchmarking of actual project performance offers a practical way to establish realistic targets for cost and schedule for your next oil and gas projects.
An industry-approved, independent assessment of the cost
and schedule performance of upstream facilities
Metrics library and tool
An online library of over 1000 cost, schedule, technical and project complexity metrics allowing you to plot your own project against industry trends.
Industry analysis
Independent analysis of cost and schedule performance of completed projects across all facility types and all regions.
Meetings and events
Regular regional workshops allowing lessons learned to be shared between members.
Benchmarking services
Members can commission benchmarking studies tailored to their specific project requirements
Know where you are today, to take the right path tomorrow
Ongoing reviews of cost, schedule and technical performance are essential to the future of the oil and gas industry.
Only by comparing yourself against other players in the market can you truly understand how competitive your projects are. The Performance Forum establishes a common terminology and consistency of data across Member companies to allow realistic comparisons between upstream production facilities.
At the heart of the Performance Forum is our database which contains cost, schedule, technical and business data for completed facilities across the globe. Each project contains detailed information, captured at multiple levels of detail using our proprietary work breakdown structures. All project data is held in a secure, confidential database.
The Performance Forum allows you to assess project performance on a range of unique metrics, that:
Produces estimates
at the appraise stage based on technical parameters
Provides confidence
in your select and define estimates prior to gate review
Accurately measures
project performance at the end of execution
Demonstrates competitiveness
of your project costs and schedule against the industry benchmark
Presents consistent & unbiased comparison
comparison between a peer group of companies
Identifies change
in scope, cost and schedule between final investment decisions and start-up
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