The dynamics of Gas Industry include possibilities of huge gains and colossal loses. Thus selecting KPIs for gas industry requires considerable thought. The main headings under which this industry-s KPIs can be divided include: Operations, EH&S, Environmental and Health & Safety. Operations or internal processes indicators help in measuring the efficiency with which operations of the firm are carried out. Important variables can be number of employees, deliveries, length of the pipeline and gas transmission volumes.Environmental indicators depict the steps undertaken by organizations as part of their social responsibility. Number of reportable spills, levels of greenhouse emissions, energy intensity and waste disposal management can act as indicators under this category.Another set of KPIs are related to Health and Safety of employees. These include such variables as the number of days workers were away from work due to accidents or illness or motor vehicle accidents.Related to the above perspective are the EH&S indicators. They highlight the employee health and safety measures adopted by the company. These efforts can be quantified by such variables as number of EH&S professional hired to impart training to employees, number of hours for which training is provided, any major incidents and penalties and fines paid by the organization, if any.
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Gas production is concerned with employing the equipments and tools to draw gas out of the deposits that underlie seabed. Although it is well accepted that this field has immense opportunities for earning revenues equally true is the fact that operating here requires expertise in handling employees and devices.
Things can turn really awry in an area such as gas manufacturing even if slight deviation from the cautious behavior occurs. Therefore, a regular monitoring act has to be in place, when the talk is of gas drilling. This tracking job gets simplified in case a well-utilized management strategy like balanced scorecard is employed. One can list the factors that are important in the form of indicators called KPIs (Key Performance Indicators) to calculate those.
Some of the fields in which these metrics can be framed by the firms engaged in obtaining gas from their reservoirs are 'environment', 'internal operations' and 'employee safety and health'. By doing this, it is possible to follow the developments and devise better 'future course of action'.
Summing it all, the organizations involved in this task of drawing gas are to structure such an instrument to successful perform their job.
This is the actual scorecard with Gas Production Indicators and performance indicators. The performance indicators include: operations indicators, deliveries, pipeline length, eh&s indicators, eh & s professionals, eh&s fines and penalties, reportable spills, greenhouse gas emissions, health and safety indicators, absenteeism, motor vehicle incident frequency.
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