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Six Sigma in Petroleum

Six Sigma continues to conquer business industries with its ability to help business owners achieve success in all their activities and operations. Those who are part of the petroleum industry can also expect to acquire numerous benefits from this approach. Since Six Sigma’s main focus is on improving quality, boosting customer satisfaction rate and fully eliminating defects, it would never be impossible for you to attain perfection in all your operations. This will transform your petroleum business into a formidable and competitive one.

SIX SIGMA BLACK BELT - $150  |  SIX SIGMA MASTER BLACK BELT - $150  |  SIX SIGMA MASTER IMPLEMENTER - $150  |  SIX SIGMA GREEN BELT - $85

Introduction to Six Sigma in Petroleum Industry

The petroleum industry mainly encompasses global processes associated to extraction, transportation, refinement, marketing and exploration of petroleum products. Among the products that are largely offered in this industry are gasoline or petrol and fuel or oil. It should be noted that petroleum which is also known as oil is known as the raw materials used in various chemical products such as pharmaceuticals, plastics, pesticides, solvents and fertilizers. Considering the broad scope of the petroleum industry, owners and administrators of a petroleum company put a lot of emphasis on quality and elimination of errors. If you are one of them, then take note of the fact that the implementation of Six Sigma in petroleum industry can produce the most favorable results in terms of quality, customer satisfaction and profitability. It is considered to be an indispensable quality methodology in various fields especially the petroleum industry which extensively covers a number of processes and subject areas.

Six Sigma Tools that can be Applied in the Petroleum Industry

If you are an aspiring Six Sigma Black Belt certification holder or a practicing Six Sigma professional who is designated to apply the methodology in the operations of a petroleum company, then it is crucial for you to first understand how it works and how you can effectively and successfully apply Six Sigma in petroleum industry. Six Sigma is actually defined as a powerful improvement methodology which primary focus is on delivering high quality products at the lowest cost and decreased cycle time. It is an effective method which is extremely useful in process variation reduction. It should be noted that the correct and successful application of this powerful methodology into a petroleum company requires full understanding about its highly effective tools especially those that are used in its DMAIC approach. Among the Six Sigma tools applicable in the petroleum industry are indicated in the following table.

How Six Sigma can be Used in Petroleum Industry?

To generate benefits from the implementation of Six Sigma in petroleum industry, a full understanding about the most essential tools in the methodology just like those that are indicated in the table above is crucial. One of the many Six Sigma tools that will enable you to take full advantage of the methodology in the petroleum industry is the Failure Mode & Effect Analysis or FMEA flowchart which appears like the following.

An advantage of using FMEA flowchart in applying Six Sigma in the petroleum industry is that it is proven to be a powerful analytical tool and works in effectively identifying all failure modes or the potential breakdown situations of supplier inputs along with their unique subsystems. This guarantees the easier elimination of defects when running a petroleum company. Another effective Six Sigma tool which you can use in the petroleum industry is the risk ranking square which is extremely useful in analyzing risks based on their impact or severity, probability or occurrence and control or detection as a means of getting an RPN or reliability priority number. You can use this in a petroleum company to analyze its risks and make possible improvements in its processes and operations.

Remarkable Benefits of Six Sigma in Petroleum

The application of Six Sigma in petroleum is already proven to be a huge help for companies who would like to succeed and enjoy huge profits in the petroleum industry. Implementing the methodology will let your petroleum company soar high with the provision of the following impressive benefits:

  • Promotes the synergistic combination of Six Sigma and ISO system concepts to further enhance results in oilfield business operations
  • Offers a more disciplined framework designed to generate process knowledge while also delivering the most desirable results in a safer, better, low-cost and faster manner possible
  • Delivers financial benefits through vision, leadership, systematic and correct application of statistical, quality and analysis tools and hard work
  • Capable of yielding positive business results in all the activities used in operating an oilfield or petroleum company

The use of Six Sigma tools can also be expected to work in simultaneously improving quality of petroleum products and in significantly reducing cost and cycle time involved in delivering this product. A proof that this quality improvement and cost and cycle time reduction are achievable is indicated in this figure.

Conclusion

Applying Six Sigma in petroleum can definitely produce benefits that can help a gas and oil company or a petroleum business embrace more effective ways to operate. The good thing about the methodology is that it guarantees improved production, reduced costs and increased reliability while also ensuring that the entire company safely operates. Its ability to eliminate the usual causes of failures for petroleum company such as lengthy turnaround times, excessive waste and too much redundancy can also guarantee the meeting of all the expectations and requirements of customers both locally and internationally. Six Sigma is also flexible enough that you can expect to easily apply it in the overall lifecycle of a petroleum or oil and gas company including its upstream, midstream, downstream, management and enabling processes. This transforms Six Sigma into a really indispensable quality and process improvement methodology in the petroleum industry.

Six Sigma Black Belt Certification- $150 |  Six Sigma Master Black Belt Certification- $150
Six Sigma Master Implementer- $150  |  Six Sigma Green Belt Certification- $85


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