Solomon Associates has announced the launch of its Worldwide Liquid Terminal Performance Analysis (WWLT Study) for the 2014 operating year. The study gives insight into the operating cost and reliability performance of facilities and delivers actionable information for improvements.
The study gives its participants the ability to:
- Quantify performance improvement opportunities through gap analysis.
- Determine competitive position relative to industry peer groups.
- Assess future performance impact of planned capital improvements/modifications.
- Demonstrate performance/capability to financial institutions and securities analysis.
- Build corporate trust through performance improvement activities.
The information for the study is gleaned from Solomon’s database of over 360 terminals in operation around the world. The goal of the study is to help companies identify areas to consider when improving operational performance. The gap analysis is just the starting point to providing insight into performance improvement with respect to both cost and personnel.
John Jungman, VP of liquid and natural gas pipelines and liquid terminal studies, Solomon said, ‘today’s operators face growing pressure from tightening regulatory requirements. This study is designed to help those operators understand how to determine the best performance for both financial and operational optimisation. Solomon’s methodology takes into account a company’s operational complexities and provides a true picture of how successfully the company is implementing best practices compared to its competition.’
Edited from press release by Claira Lloyd
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/27082014/solomon-liquid-terminals-study-2014/