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.



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Explore our benchmarks.


Onshore operations

Opex and production efficiency benchmark for producing onshore E&P assets

Offshore operations

Opex and production efficiency benchmark for producing offshore E&P assets

Wells and reservoir management

Sizing the prize and identifying enablers to improve wells performance, focusing on intervention impact and efficiency

Unconventionals

Includes unconventional field development, drilling cost, and efficiency benchmark for US shale, as well as oil sands operations

LNG

Covers 40 key ‘measures that matter,’ including safety, production efficiency, opex, capex, and organization for LNG assets

Logistics

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

Upstream workforce

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

Fuel retail

EBITDA and sales model-based assessment of clusters and archetypes (location, presence, pumps) with comparisons across customer management, commercial activity, and digitalization

Supply chain

Comparative assessment of activity drivers for offshore projects across specifications, demand management, and commercial levers




Get in touch with our benchmarking team. 

We will never sell or share your data. By completing this form, you accept that we may store your data in order to (a) improve your site experience; (b) communicate with you about topics of interest by email or other means. You can unsubscribe at any time and read our privacy policy.





CASE EXAMPLES

$3bn+

Operating cost and production improvements identified through regional multi-client (15+) operations benchmark

Data collection through to results in 14 weeks supporting a rapid transition from benchmark into action

+

$1.2bn+

Improvement potential identified across a Major's global portfolio through global production operations benchmark

Assessment of production cost and efficiency for all offshore operated assets

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OUR DIFFERENCE

Broad and established dataset

Delivering insights into the "above and after response to the oil price"

End-to-end benchmarking

Spanning corporate-level metrics to front line operations

Normalizing methodology

Adjusting for differences in asset geography, type, size, and technology

McKinsey’s global experts

Providing insight within the oil and gas industry and other related industrial and resources industries



OUR DIFFERENCE

End-to-end benchmarking
Normalizing methodology
McKinsey's global experts
End-to-end benchmarking

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.

Normalizing methodology

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.

McKinsey's global experts

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.





OUR IMPACT

1000+

benchmarks delivered in the past 10 years

600+

assets with bottom-up proprietary data

100+

clients served

40+

countries across the globe

28bn+

USD annual opex

20+

mmboe/d operated production data

10m+

global maintenance hours

2m+

tons of cargo shipped

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