Volatile oil markets affect industry and consumers alike, but producers are among those most impacted. Whether you’re an upstream producer, refiner, or service company, the oil and gas industry faces complex and ever-changing issues. The need is for cost containment and efficiency, not just in the short term, but for the future.
Proper maintenance of oil and gas processing facilities is key to ensure continuous, uninterrupted operation. Unscheduled downtime can translate into gasoline shortages and higher prices. Further, controlling work management processes is key for Oil and Gas companies to maintain safe operations and drive profit.
Price volatility and tight margins can result in increased pressure on maintenance departments to:
- Improve efficiency and field excellence
- Boost operational intelligence and decision-making
- Achieve high compliance standards and be prepared for regulatory audits and internal reviews
When focusing on budget performance issues, management seldom looks to maintenance as an area with the potential for significant gains. It’s often a “necessary evil”. However, in the oil and gas industry, maintenance management ineffectiveness generates a significant financial loss for the company.
Oil and Gas Maintenance EAM practices can mean the difference between profitability and loss. Continuous production means equipment is constantly in use, so scheduled maintenance must be brief and effective.
How to improve maintenance in the Oil and Gas Industry – Oil and Gas Industry Requirements
The Oil and Gas industry has unique maintenance needs related to crew management, work order backlogs, remote work locations, large maintenance teams, heightened safety risks, and volatile pricing structures. These needs pose an interesting challenge for maintenance teams striving for more optimized practices.
- Identification of changes in asset health – The Oil and Gas industry runs in a manner of continuous production. This means identification of changes to asset health, or an impending failure is critical for profit margins. Historically, accessing information from pumps, lifts, wellheads and other equipment was a labor-intensive and sometimes risky process. In order to better control their maintenance costs, maintenance teams need the ability to better access and monitor machine data. When maintenance teams can easily identify an asset issue, they can react immediately and swiftly resolve the problem, preventing unexpected and costly breakdowns.
Furthermore, regulations and reputation dictate that producers take every measure possible to avert health, safety, and environmental incidents. Asset condition monitoring, as well as effective production control and predictive shutdown systems, are fundamental to safe and secure operations in remote locations.
- Complex crew management – Oil and Gas maintenance planners and schedulers need the ability to handle various groupings of resources for their specific work units. Flexibility to manage crews by craft, team, or a combination is critical for successful planning and scheduling of maintenance tasks.
- High volume of work orders – Oil and Gas maintenance teams are often faced with a high volume of work orders. It is not uncommon for them to have a work order backlog of more than 5,000+ work orders. Maintenance teams need the ability to easily schedule bulk work order operations and view and track KPIs for the compliance of weekly maintenance schedules. With this volume of work orders, maintenance teams need a system that tests the readiness of unscheduled work orders and flags those which do not meet the standard of completeness for correction.
- Remote work locations – As the oil and gas industry is seeing more of its existing oilfields mature, growing demand has to be met in other ways, often in hostile, remote locations. These remote work locations pose unique challenges for Oil and Gas companies. Subsea installations, for example, present a variety of unusual challenges including water pressure, temperature, access for service, and the cost of deploying vessels for installation and service. Maintenance teams need connected production environments to break down geographical barriers and securely provide access to data both onshore and offshore. Maintenance optimization can only occur when teams have access to actionable information.
- Cost Impact on Operations – Small savings can quickly add up for large maintenance teams. With millions of dollars at stake and critical projects on the line, oil and gas organizations have no choice but to keep a tight rein on cost, schedules, and resources. An accurate and real-time picture of performance throughout the maintenance process can mean the difference between profit and loss.
It’s no easy feat creating efficiencies within an Oil and Gas organization. It’s even harder to do so when work order volumes are high, locations are remote, costs need to be reduced and safety and environmental regulations must be maintained.
VIZIYA’s WorkAlign® Suite was built on the premise of helping maintenance organizations to create efficiencies by connecting and optimizing every step of the maintenance workflow. VIZIYA has worked collaboratively with the largest and most sophisticated maintenance organizations, including several Fortune 1000 Oil and Gas companies, to enhance their asset performance.
To learn how VIZIYA’S WorkAlign® Suite can help your organization combat the unique requirements of the Oil and Gas Industry, Request a Demo with one of our experts now.