Supermajor partners with Fulcrium for global Exploration & Production Technology benchmarking

Fulcrium was commissioned by the in-house specialist division that provides exploration and production technology (EPT) services to all the business units globally of a Supermajor.

The brief was to undertake a wide-ranging benchmarking engagement comparing the strategy, systems, processes, organisation, human resources, charging structures, commercial and technical strengths of the EPT division with those of peers at IOCs, NOCs and service companies.

Part of the brief was to provide tangible evidence of what constituted a world class EPT organisation and how such insights could translate into Capex and Opex value. Fulcrium was also required to provide evidence of the resources needed to fund a centralised EPT facility to ensure full capabilities to support global field operations.

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The client’s verdict:

There is no doubt that Fulcrium provides significant value-add in benchmarking. No generic benchmarking firm that we encountered can match it for methodology or, more importantly, for domain specificity in the upstream oil and gas technology industry. Their in-depth knowledge was a key factor in them being able to deliver a granular, multi-geography benchmarking engagement of considerable scale in a very tight timescale.

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