Capture your true value potential.
By combining our global databases of operational and organizational data with industry-proven diagnostic tools, we are able to go further than traditional benchmarking and opportunity sizing. Our benchmarking suite provides a solution for modeling cost, organization, and production efficiency for a wide range of asset types and operating environments, identifying your gap to top performance and outlining a clear, achievable path to improvement.
See the WRMB in action
Our benchmarking team introduced findings from the WRMB at this year's Offshore Well Intervention Europe conference in Aberdeen in a presentation titled "Capturing the full opportunity from well intervention in today's North Sea." We are pleased to offer a complimentary copy of this presentation through the download link below.
Explore our benchmarks.
Opex and production efficiency benchmark for producing onshore E&P assets
Opex and production efficiency benchmark for producing offshore E&P assets
Sizing the prize and identifying enablers to improve wells performance, focusing on intervention impact and efficiency
Includes unconventional field development, drilling cost, and efficiency benchmark for US shale, as well as oil sands operations
Covers 40 key ‘measures that matter,’ including safety, production efficiency, opex, capex, and organization for LNG assets
Aviation, marine supply vessels, and supply bases with insights into manmoves and costs per ton
Maintenance and reliability
Quantitative analysis of equipment reliability, maintenance hours, and cost and delivery
Absolute and composition comparison of upstream technical and support functions to sub-category levels
Development field start-up
Forecast of opex, production performance, and staffing requirements based on peer group delivery and experience
Drilling and completions
Focus on performance of individual rigs against global peers on uptime, cost, staffing levels, HSE, and the quality of their core operational approaches
EBITDA and sales model-based assessment of clusters and archetypes (location, presence, pumps) with comparisons across customer management, commercial activity, and digitalization
Comparative assessment of activity drivers for offshore projects across specifications, demand management, and commercial levers
Get in touch with our benchmarking team.
Spanning corporate-level metrics to front line operations
Our end-to-end benchmarks span onshore and offshore production operations, as well as capital projects and LNG. We use bottom-up proprietary data collected from operators of all types, including global majors and independents, single-asset operators, and national oil companies.
Adjusting for differences in asset geography, type, size, and technology
We adjust for asset size, complexity, technology, location, and maturity using our McKinsey Cost Intensity index (MCI). For over 15 years, this has enabled clients to compare performance by using basic structural inputs that normalize global assets irrespective of development type. Today, clients can subscribe to our MCI web tool to conduct their own ‘What if?’ scenarios to enhance internal initiatives.
Leveraging McKinsey's 20-year track record to go further than traditional benchmarking
By combining our deep industry expertise with McKinsey's global databases and 20 years of exploration and production performance insight, we help E&P operators, oilfield service companies, investors, and governments define and capture their opportunity landscape.
benchmarks delivered in the past 10 years
assets with bottom-up proprietary data
countries across the globe
USD annual opex
mmboe/d operated production data
global maintenance hours
tons of cargo shipped