A super-major oil and gas producer’s capital-project maintenance builds were costing too much and taking too long using a traditional maintenance-build approach, and the resulting maintenance strategies were of poor quality. The company was experiencing continual overspending, missed deadlines, and maintenance strategies that didn’t deliver the performance and reliability the operations team needed from the asset base. The company needed to find a way to decrease expenditures and increase delivery speed, while completing the highest-quality capital projects in terms of maintenance and reliability.
The company needed:
- risk-justified equipment-reliability strategies based on the operating context of that region or country’s assets that met the specified operational performance targets;
- equipment-reliability strategies to comply with regional regulatory requirements; and
- digital equipment-reliability strategies, to allow for improvement modifications based on available data.
Additionally, the company wasn’t retaining intellectual property following maintenance builds – the contractors kept it – so the company couldn’t leverage data from one capital project to the next. They were also plagued with inconsistent and poorly structured Master Data, due to the disconnected nature of the maintenance-build projects.
The oil and gas producer chose ARMS Reliability and its Cordant™ Asset Strategy-powered Asset Strategy Management (ASM) approach to complete their capital-project maintenance builds moving forward. ARMS provided a technical solution that halved the costs associated with maintenance builds and significantly simplified the process of completing them.
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Global Oil & Gas Producer