Definition(s)
KPI
Key performance indicators.
Source: ISO 16530-1:2017, Petroleum and natural gas industries — Well integrity – Part 1: Life cycle governance, First Edition, March 2017. Global Standards
Source: API SPEC Q1, Specification for Quality Management System Requirements for Manufacturing Organizations for the Petroleum and Natural Gas Industry, Ninth Edition, June 2013 (Errata 2, March 2014). Global Standards
Source: API STD 689, Collection and Exchange of Reliability and Maintenance Data for Equipment, First Edition, July 2007. Global Standards
Source: IOGP Report No. 510, Operating Management System Framework for controlling risk and delivering high performance in the oil and gas industry, International Association of Oil & Gas Producers, June 2014. Global Standards
Source: OGP Report No. 456, Process Safety – Recommended Practice on Key Performance Indicators, International Association of Oil & Gas Producers, November 2011. Global Standards
Source: 117 OLF, Norwegian Oil and Gas Association recommended guidelines for Well Integrity, No. 117, Revision No. 4, June 2011. Global Standards
KPI
Quantifiable measure that an organization uses to gauge or compare performance.
Source: API SPEC Q1, Specification for Quality Management System Requirements for Manufacturing Organizations for the Petroleum and Natural Gas Industry, Ninth Edition, June 2013 (Errata 2, March 2014). Global Standards
KPI
Key Performance Indicator, may also be called metrics. See References for detailed definition and asset integrity examples.
Source: OGP Report No. 415, Asset integrity – the key to managing major incident risks, International Association of Oil & Gas Producers, December 2008. Global Standards