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- W4235700588 abstract "Various types of energy Key Performance Indicators (KPIs) are used to measure the energy efficiency performance of gas processing facilities. Establishing the appropriate energy KPI targets - long term and short term - is far more challenging than defining the KPIs itself. The objective of this paper is to discuss some practical approaches, based on author's industry experience, to establish energy KPIs’ targets. The associated formulations have also been discussed for easy implementation. Subsequent to defining the energy KPIs, performance targets are required to be established to drive the energy efficiency actions. There are multiple ways to identify the energy KPI targets; some employ simplistic approaches while others involve more complex analysis and formulations. This paper describes three energy KPI targeting methodologies that employ distinct basis: (1) organization's past best demonstrated performance (2) industry surveys and benchmarks, and (3) known energy improvement potential or projects. The paper discusses detailed implementation steps for each of the three targeting methodologies. Field data and examples have been used to demonstrate the application of the approaches. A discussion of pros and cons has also been covered for each method. The analysis reflects that the method of utilizing historical data to develop regression-based equations, and forecasting future energy consumption is the best way to establish energy performance targets. The second method involving industry benchmarking can only be useful if the gap analysis is performed using normalized performance indices. This method involves more rigorous data mining and is relatively complex to comprehend. The industry benchmarking can be applied to identify design efficiency improvements as well as operational energy optimization opportunities. The third method of energy performance targeting takes into account the known energy efficiency improvement potential existing within an organization. The method requires calculation of base energy consumption before applying the projected savings from planned energy efficiency initiatives to determine the forecasted energy demand. Despite extensive efforts by oil and gas industry to improve energy efficiency performance, there is not much literature available on the subject area covered in this paper. The author recognized the need for sharing his experience for the benefit of industry." @default.
- W4235700588 created "2022-05-12" @default.
- W4235700588 creator A5008288438 @default.
- W4235700588 date "2020-01-13" @default.
- W4235700588 modified "2023-09-29" @default.
- W4235700588 title "Methods to Establish Energy Performance Targets in a Gas Plant" @default.
- W4235700588 doi "https://doi.org/10.2523/iptc-20103-abstract" @default.
- W4235700588 hasPublicationYear "2020" @default.
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