KPIs for Safety, Reliability, and Sustainability for Asset Owner COOs in Oil & Gas
By George NWOGU | BIZVILLE PROJECT MANAGEMENT Limited
Dear Industry Colleagues and Partners,
Image by George NWOGU
Inspired by the recent presentation from Shell Nigeria’s General Manager, I compiled this brief newsletter on essential KPIs for enhancing safety, reliability, and sustainability in our industry. You can view the presentation [here](https://www.linkedin.com/posts/georgenwogu_we-were-honored-to-have-the-general-manager-activity-7255843912190214144-H4rF?utm_source=share&utm_medium=member_ios).
These KPIs are particularly relevant for integrated equipment management and asset owners, especially at the OPERATE Stage of the asset life cycle.
Safety KPIs:
1. Total Recordable Incident Rate (TRIR): ≤ 0.5 incidents per 200,000 work hours
2. Lost Time Injury Frequency (LTIF): ≤ 1.0 per million hours worked
3. Safety Training Compliance: 100% of employees trained
Reliability KPIs:
1. Asset Uptime (Availability): ≥ 98%
2. Mean Time Between Failures (MTBF): Increase year-over-year
3. Maintenance Compliance (Planned vs. Unplanned): ≥ 90% planned maintenance
Sustainability KPIs:
1. Greenhouse Gas (GHG) Emissions Reduction: ≤ 10% annual reduction
2. Energy Efficiency (EUI): ≤ 0.3 kWh per unit of production
3. Water Usage Reduction: ≥ 15% reduction per year
Conclusion and Call to Action
To enhance operational performance and sustainability in the oil and gas sector, integrating these KPIs is essential. As I consider a role that offers the opportunity to develop a COO balanced scorecard for asset owners (unlike EPC COO), https://www.linkedin.com/pulse/oil-gas-epc-coo-balanced-scorecard-overview-magic-3-4-george-7cnhf/, I encourage stakeholders to implement these metrics. For further insights, check out my article on the Triple Constraint in EPC, [Revolutionizing EPC Management: A Data-Driven Approach](https://georgenwogu.medium.com/revolutionizing-epc-management-a-data-driven-approach-bc53e98e1cab).
References:
1. American Petroleum Institute. (2020). Recommended Practice 754: Process Safety Indicator Guidelines.
2. International Association of Oil & Gas Producers (IOGP). (2019). Safety Performance Indicators.
3. World Petroleum Council. (2021). Sustainability and the Oil and Gas Industry: KPI Report.
4. Shell. (2020). Sustainability Report 2020.
COO, BIZVILLE PROJECT MANAGEMENT Limited
#OperationalExcellence #SafetyFirst #SustainabilityGoals #OilAndGas #GeorgeNWOGU #BIZVILLEPM 🌐🚀
Motto: Humanity First, then Smart and Green. 🚀
