Driving continuous improvement within the E&P industry.
The Upstream Industry Benchmarking Consortium (UIBC) is solely dedicated to the exploration and production (E&P) industry. It provides an independent forum for each participating company to view key metrics of its project system performance such as cost and schedule, Front-End Loading (FEL), and many others against the performance of other companies and share pointed and detailed information about their practices. The consortium highlights Best Practices, reinforcing their importance in driving improvements in asset development and capital effectiveness. Consortium attendees learn how to improve specific elements of capital project execution through presentations and other more interactive discussions.