Oil & Gas Cost Reduction

Led sustainable transformation of cost structure

An Oil & Gas services company was struggling to turn a profit and requested assistance in reducing costs.


  • Developed strategy deployment process (SDP); chartered and launched 16 projects
  • Established project planning and rapid escalation tools
  • Designed financial scorecards and processes to measure and monitor project impact
  • Established foundation for internal continuous improvement culture through the development of an operational excellence strategy, organizational structure, and recruitment standards
  • Developed internal client capability for cost reduction through customized Operational Excellence training
  • Designed and facilitated virtual problem solving and planning workshops with a global audience

Results: Staffed, trained, and deployed internal Operational Excellence team. Installed strategy deployment process to achieve and track $96MM in cost benefits, $51.5MM in revenue growth, and $15MM improvement in working capital.

Kormac Results - Staffed, trained, and deployed client Operational Excellence team. Achieved and tracked: - $96MM in cost benefits - $51.5MM in revenue growth - $15MM in working capital improvement. CS253