With the pressure of tightening regulatory requirements and narrowing margins, controlling the costs of just inspecting, let alone operating, thousands of miles of pipelines has never been more critical than in today’s competitive market. Management, shareholders, and lenders are all keeping a tight watch to make sure your maintenance costs are being efficiently spent.
Relying on the old, simple mathematical analysis of the past—like using a metric of barrel-mile or diameter-inch mile—is no longer enough to give you an accurate insight into your business. At Solomon, our benchmarking methodology takes into account your operational complexities and gives you a true picture of how successful you are implementing best practices compared to your competition and where opportunities to make positive margin improvements lie.
With a current database of more than 50 pipeline companies representing 250 pipeline systems worldwide, and specific regional studies for North America, South America, and Europe, Solomon’s
Worldwide Liquid Pipeline Study (Pipeline Study) can chart your performance as it compares to the rest of the industry, regardless of whether you are carrying refined products, crude oil, natural gas liquids, or petrochemicals.
Whether your receipts and deliveries are by marine, pipeline, road, or rail, in our
Worldwide Liquid Terminals Study (Terminals Study), we are normalizing for terminal complexities to give you an accurate idea of your performance in this diverse industry to help you improve your maintenance programs and reliability. The current database contains more than 30 terminal companies representing 200 terminals worldwide.
Specific to the transmission system, our
Natural Gas Transmission System Performance Analysis (NGTS Study) looks at more than 130 thousand miles of pipeline across various dimensions—the impact of delivery interruptions, costs related to maintenance, personnel and capital investment, etc.
Being closely associated with natural gas pipelines, Solomon is often able to use its vast processing experience to compare diverse gas plants of all sizes, including those with fractionation and sulfur recovery facilities. The Solomon study includes gas plants on five continents.
With a concentration in North America and Europe for highly volatile liquids and natural gas, the
Underground Storage Performance Analysis (Underground Storage Study) provides results on not only the typical operations and maintenance, but keys in on well workovers and cavern inspections.
Going beyond identifying where performance improvements could be made, Solomon works with your team to create a roadmap for implementing change. Our experienced pipeline consulting team will outline the methods, processes, timelines, and budgets necessary to maximize your margins through an effective mix of no- or low-cost projects designed to improve performance in the following key areas:
• Planning & Optimization
• Quality Control
• Process Unit Operations
• Yields
• Energy Management
• Reliability and Maintenance
• Turnarounds
• Hydrocarbon Loss
• GHG Emissions
• Advanced Process Control
• Automation/DCS
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Q1 Day 1 is Solomon’s performance improvement methodology applied to new capital projects to help clients mitigate the risk of financial loss related to these types of projects. This flexible, tailored solution is designed to ensure that the return on investment of your new complex is secure.
>Learn more Unlike an in-house assessment of your business compared to itself using trends, we break down your operations by business unit—the individual pipeline system—to give you a more accurate picture of your performance compared to the competition.
Our validated data comes from complexity metrics that have a vastly higher correlation than do simple, traditional metrics. The Solomon complexity metrics are developed through a patented process for each industry—Equivalent Pipeline Complexity (EPC™) for pipelines and Equivalent Terminal Complexity (ETC™) for terminals. Each study covers a wide range of key cost elements (maintenance, personnel, energy) and reliability metrics (like delivery interruptions) to provide an analysis on which you can rely.
Each of our pipeline team members has on average 25 years experience in the industry and is dedicated to leveraging that experience to provide clients around the world with the best benchmarking analysis of the pipeline industry available.
With performance rankings broken down into your quartile position versus the competition, as well as your peer group, we provide your management team with immediate access to the big picture they need to make informed allocation decisions.
Your operations are multi-dimensional, so is our ability to get your company to its most optimal level of performance. Our experienced consulting team starts by providing you with a detailed assessment of your performance and then guides you through the change process to improve your performance and your margins.
