Pres­sure to re­duce as­set down­time has in­creased in the last year

OffComm News - - CONTENTS - Chuck Moseley, di­rec­tor of M2M En­ergy Sales at In­marsat

As pres­sure to keep as­sets up and run­ning con­tin­ues, In­marsat, Axxim, and Lloyds En­ergy Reg­is­ter share some in­sights.

By us­ing pre­dic­tive main­te­nance soft­ware oper­a­tors will have ac­cess to timely pre­dic­tions, sav­ing mil­lions of dol­lars in main­te­nance costs, by avoid­ing un­sched­uled resur­fac­ing.

In a con­ver­sa­tion with Of­fComm News, Chuck Moseley, di­rec­tor of M2M En­ergy Sales at In­marsat, said that the push for au­to­ma­tion has never been heav­ier. In­marsat has been in­stru­men­tal in deep­wa­ter E& P for years with prod­ucts such as BGAN M2M, which is a two- way IP data ser­vice that en­ables ac­cess to real- time SCADA data for con­trol room tech­ni­cians.

As well as data find­ing a way through, with­out re­gard for geo­graphic bound­aries and con­di­tions, an­other im­por­tant fac­tor is that such sys­tems must be sim­ple to both in­stall and use. If not, he warns, then the user is likely to take their busi­ness else­where.

A whitepa­per from Lloyd's Reg­is­ter Group, en­ti­tled: Em­bed­ded Soft­ware So­lu­tions: The Next Step in As­set Man­age­ment Cost Re­duc­tion, es­ti­mates that equip­ment fail­ures cost the US refining in­dus­try more than US$ 4 bil­lion per year. Since 2009, well in­tegrity fail­ures have also cost oper­a­tors in ex­cess of US$ 75 bil­lion.

Fur­ther, a sur­vey of oil and gas de­ci­sion- mak­ers found that al­most two- thirds ( 63%) of the re­spon­dents polled re­ported that pres­sure to re­duce as­set down­time has in­creased in the last year. How­ever, it seems that as­set costs are a ma­jor con­cern for oil and gas in­dus­try de­ci­sion- mak­ers with al­most half ( 49%) re­port­ing that as­set in­tegrity sav­ings are more im­por­tant than they were 12 months ago.

As­set costs are a ma­jor con­cern for oil and gas in­dus­try de­ci­sion- mak­ers.

Iden­ti­fy­ing as­sets in need of main­te­nance

The abil­ity to quickly iden­tify pres­sure points is es­sen­tial at a time when only 30% of the re­spon­dents de­scribed their or­gan­i­sa­tion as ‘ very ef­fec­tive’ at iden­ti­fy­ing the as­sets and equip­ment that re­quire ur­gent at­ten­tion. The re­search also found that lack of vis­i­bil­ity into as­set con­di­tion is the pri­mary bar­rier to achiev­ing as­set man­age­ment goals. Two other main bar­ri­ers listed were lack of vis­i­bil­ity into per­for­mance, and poor data.

Sub­stan­tial costs of time- based main­te­nance

Axxim has de­vel­oped soft­ware that pro­vides up­stream and down­stream oil and gas oper­a­tors, chem­i­cal, power and other as­set- in­ten­sive in­dus­tries with a sin­gle re­source to iden­tify crit­i­cal as­sets, in­crease equip­ment re­li­a­bil­ity and up­time by at least 20%, re­duce fail­ure risk by 80%, and de­ter­mine an op­ti­mum ap­proach to in­spec­tion and main­te­nance that can achieve costs sav­ings of up to 50%.

The com­pany says that it can now help oper­a­tors to achieve op­er­a­tional ob­jec­tives by en­abling them to avoid pro­duc­tion down­time, safely re­duce in­spec­tion points, ex­tend turn­around in­ter­vals, min­imise per­son­nel in haz­ardous ar­eas, avoid loss of con­tain­ment, and sup­port as­set life ex­ten­sion.

Andy Scott, VP of As­set In­tegrity In­for­ma­tion Sys­tems, said: “The up­stream oil and gas in­dus­try is cur­rently faced with the wellpub­li­cised chal­lenge of low oil prices. Cou­pled with high op­er­at­ing costs, as­set per­for­mance is clearly a key pres­sure point. As as­sets age, it is even more im­por­tant that oper­a­tors are able to ac­cess and un­der­stand the data they need to main­tain the vi­tal com­po­nents for sus­tained pro­duc­tion.”

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