Skip to main content
Other

Operations excellence: competitive advantage or industry imperative?

Annual Meeting 2016

To take the industry to the next level of operational excellence, it is time to take a more proactive approach to collaboration in areas of safety and standardization, while seizing opportunities presented by a new digital age.

Technology can revolutionize how we drill wells, how we optimize production, and how we detect and react to new information. BP is collaborating with GE on a pilot called ‘Plant Operations Advisor’ (also known as GE’s Unified Operations). This tool detects anomalies, brings all relevant data to a single screen to help troubleshoot and manage the case to resolution. This ‘big-data’ project is an example of the kinds of innovation that the industry needs to run assets more safely, reliably, and efficiently for today and tomorrow.

Operational excellence is not just about competitive advantage. It is an industry imperative for meeting the challenges we all face in a new era of lower oil prices. In the last 5 years at BP, we have learned that, when you focus on the inputs to operational excellence, it generates a tangible uplift in performance.

Annual Meeting, 2016

Download the featured presentation.

/sites/bakerhughes/files/2020-10/GEAM2016_Fawaz_Bitar_BP.pdf