DynMcDermott (DM), is the Operating Contractor for the US Department of Energy (DOE) Strategic Petroleum Reserve (SPR), and winner of the 2005 Malcolm Baldrige National Quality Award (Service Sector). A key financial measure at DM is Storage Efficiency and DM’s results have been recognised a Global Benchmark in Storage Efficiency. In 2003 DM achieved a storage cost of 20c per barrel of oil stored as opposed to Japanese Oil Reserves at $3 per barrel, US Industry Storage at $2.40 per barrel, and...

BPIR Categories

15.6.12 Manage buildings, equipment & materials
15.3.1 Financial performance

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