Storage efficiency at a Baldrige award winning petroleum company
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 Categories15.6.12 Manage buildings, equipment & materials
15.3.1 Financial performance