China Oil & Gas

A Global 500 energy company set out to find opportunities for greater efficiency in extracting oil from unconventional reservoirs and developed a steam-assisted gravity drainage production solution that now saves millions of dollars annually by reducing the need for maintenance and risk of interruptions.

As a Delta Air Lines subsidiary, this oil refinery reduced the parent company’s jet fuel costs by $300 million per year and increased the efficiency/productivity of its own 40 engineers by up to 2 hours a day – saving about $600K per year. The refinery also strengthened corporate governance by ensuring compliance with safety/environmental standards.

To lower costs enterprise-wide, a global energy company asked IHS to review 35 internal standards and list 143 comparable international standards. Research uncovered conformity opportunities including 25% savings on casing and tubing for $5 million annually and $180 million annually for conformance with ALL industry standards.

The leadership team for this energy giant needs to stay abreast of the latest news/research, from both upstream to downstream, on a global and regional basis so they are using a new platform to find, filter and share an unprecedented wealth of information and insights -- in minutes instead of hours or days.