Abstract
Performance indicators being a widely accepted criterion and a reliable resort to monitor and to control or to improve core-processes, the strategic importance for a comprehensive performance measurement system in the petroleum sector is ever increasing. But yet, there is a lack of such measurement systems to serve the purpose due to its complexity by nature, however been constantly attempted by many personnel. A focal-effort is to track the degree of performance of maintenance process with reference to specified acceptance criteria in the long run to keep-up with a desired operational and technical health, and to comply with the internal and external requirements for offshore petroleum business to enhance the overall asset performance. There are certain critical watch-worthy factors for such performance measurement systems in general, and increasing fundamental motives behind management concerns to outperform beyond statutory and regulatory requirements. This paper discusses some basic issues regarding the development of operations and maintenance performance indicators for the offshore petroleum industry on the premise of the above.
