REDUCING ASSET DOWNTIME
Pressure to reduce asset downtime has increased in the last year
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.”