Translating sustainability concerns at plant level asset operations: industrial performance assessment

The global society is threatened by the amount of plant level asset exploitation needed to satisfy the growing energy demand. The availability of a plentiful and affordable supply of energy is a requirement for the economic and societal pillars of sustainable development. In this context, the oil and gas industry will play a major role in the global energy mix for many years until alternate sources of energy become available and economically viable. During this transition period, the oil and gas industry has a vital responsibility for managing asset operations at the plant level safely and economically whilst minimising the burden to society and the environment. This manuscript reviews current trends toward sustainable asset performance. It also presents a framework and a model for implementing the framework. The suggested model enables industrial practitioners to assess the gaps between corporate level sustainability concerns and plant level execution of them.

[1]  R. M. Chandima Ratnayake,et al.  Modelling of asset integrity management process: a case study for computing operational integrity preference weights , 2012 .

[2]  Michael Smith,et al.  The Natural Advantage of Nations: Business Opportunities, Innovations and Governance in the 21st Century , 2004 .

[3]  R. M. Chandima Ratnayake,et al.  Asset integrity management for sustainable industrial operations: measuring the performance , 2012 .

[4]  S. P. Sethi,et al.  A Conceptual Framework for Environmental Analysis of Social Issues and Evaluation of Business Response Patterns , 1979 .

[5]  R. Kaplan,et al.  Alignment: Using the Balanced Scorecard to Create Corporate Synergies , 2006 .

[6]  Thomas E. Becker INTEGRITY IN ORGANIZATIONS : BEYOND HONESTY AND CONSCIENTIOUSNESS , 1998 .

[7]  Thomas Dyllick,et al.  Beyond the business case for corporate sustainability , 2002 .

[8]  R. M. Chandima Ratnayake,et al.  A decision model for executing plant strategy: maintaining the technical integrity of petroleum flowlines , 2012 .

[9]  Alan C. Brent,et al.  Sustainable Project Life Cycle Management : the need to integrate life cycles in the manufacturing sector , 2005 .

[10]  R. M. Chandima Ratnayake,et al.  Asset Integrity Management: Operationalizing Sustainability Concerns , 2010 .

[11]  H. Daly Toward some operational principles of sustainable development , 1990 .

[12]  Kjell Corneliussen,et al.  Well Integrity Management System (WIMS) - a systematic way of describing the actual and historic integrity status of operational wells , 2007 .

[13]  Kelvin F. Cross,et al.  The “SMART” way to define and sustain success , 1988 .

[14]  R. Hayes,et al.  Managing as if Tomorrow Mattered , 1982 .

[15]  Thomas H. Johnson,et al.  Relevance Lost: The Rise and Fall of Management Accounting , 1987 .

[16]  R. M. Chandima Ratnayake,et al.  Maintaining Technical Integrity of Petroleum Flowlines on Offshore Installations: A Decision Support System for Inspection Planning , 2010 .

[17]  Riaz Khadem One page management: A unified approach to productivity , 1988 .

[18]  Ken Geiser,et al.  Pollution prevention and…or industrial ecology? , 1997 .

[19]  A. C. Tahir,et al.  The Process Analysis Method of selecting indicators to quantify the sustainability performance of a business operation , 2010 .

[20]  Abdul Rashid Mohamed Shariff,et al.  Technological disaster factors , 2003 .

[21]  Viet T. Dao,et al.  From green to sustainability: Information Technology and an integrated sustainability framework , 2011, J. Strateg. Inf. Syst..

[22]  Ove T. Gudmestad,et al.  The IPPC directive and technique qualification at offshore oil and gas installations , 2011 .

[23]  R. Freeman Strategic Management: A Stakeholder Approach , 2010 .

[24]  L. Caldwell A Constitutional Law for the Environment: 20 Years with NEPA Indicates the Need , 1989 .

[25]  Danny Miller,et al.  UNDERSTANDING INDUSTRIAL CRISES[1] , 1988 .

[26]  Helen Briassoulis,et al.  Sustainable Development and its Indicators: Through a (Planner's) Glass Darkly , 2001 .

[27]  Jeanne Liedtka,et al.  Corporate social responsibility: A critical approach , 1991 .

[28]  P. Shrivastava Bhopal: Anatomy of a Crisis , 1987 .

[29]  M. Anderson,et al.  Behavioural Safety and Major Accident Hazards: Magic Bullet or Shot in the Dark? , 2005 .

[30]  R. Kaplan Measuring manufacturing performance: a new challenge for managerial accounting research , 1983 .

[31]  John Van Maurik,et al.  Writers on Leadership , 2001 .

[32]  B. Turner Causes of Disaster: Sloppy Management , 1994 .

[33]  Thomas L. Saaty,et al.  Decision making for leaders , 1985, IEEE Transactions on Systems, Man, and Cybernetics.

[34]  C. Searcy,et al.  An analysis of indicators disclosed in corporate sustainability reports , 2012 .

[35]  Jayantha P. Liyanage,et al.  Asset integrity management: sustainability in action , 2009 .

[36]  James S. Noble,et al.  The changing basis of performance measurement , 1996 .

[37]  John Elkington,et al.  Partnerships from cannibals with forks: The triple bottom line of 21st‐century business , 1998 .

[38]  R. M. Chandima Ratnayake,et al.  Implementing company policies in plant level asset operations: measuring organisational alignment , 2010 .

[39]  M. Fleming To err is human... , 1999 .

[40]  Daniel Tschopp,et al.  Corporate social responsibility: a comparison between the United States and the European Union , 2005 .

[41]  D. Fuchs,et al.  Strong sustainable consumption governance – precondition for a degrowth path? , 2013 .

[42]  M. Epstein Measuring Corporate Environmental Performance: Best Practices for Costing and Managing an Effective Environmental Strategy , 1995 .

[43]  Lyn Arscott Sustainable Development in the Oil and Gas Industry , 2003 .

[44]  M. Clarkson A Stakeholder Framework for Analyzing and Evaluating Corporate Social Performance , 1995 .

[45]  R. Kaplan,et al.  Strategy Maps: Converting Intangible Assets into Tangible Outcomes , 2003 .

[46]  A. Brent,et al.  Assessing the sustainability performances of industries , 2005 .