Increasing demand for petroleum products has triggered the oil and gas industry to embrace more efficient means of operations. Lean Six Sigma has been applied by companies in oil and gas industry to improve production, increase reliability and reduce costs while running safe operations.
Too much waste, too much redundancy and lengthy turnaround times result in even the most efficient oil and gas companies failing to meet customer expectations 25-50% of the time. Lean Six Sigma can help in ensuring that customer expectations are met and potential savings of $100millions are realised.
Lean Six Sigma can be applied to the overall process (lifecycle) of oil and gas industry: