Terminals, refineries, rigs, platforms and pipelines are costly to build, to operate and to maintain. Keeping tight control over the total life-cycle cost of all this equipment is a major challenge. At the same time, the opportunities to stay ahead of the game are huge at the moment. Industry 4.0, data, smart solutions and the energy transition present openings to accelerate improvements and increase an Oil and Gas company’s competitive advantage. Asset management can drive this transformation by using data-driven insights to increase asset efficiency and maximize asset performance to positively impact the bottom line.

Read our industry success stories

How we help

Scope potential and improve performance

  • Greenfield and brownfield reliability studies: from initial maintenance builds to scoping, IT and OT system and content connection and enrichment.

  • Asset lifetime extension: ALE study, business case, roadmap, execution

  • Proving compliance: from fit/gap analysis and multi-disciplinary stakeholder workshops to improvement plan, implementation and management of change

  • Asset Improvement Program: scalable, customized asset management program that improves uptime, asset performance and efficiency as well as accelerates Digital Transformation

  • Management of change: training and over-the-shoulder coaching

  • Data-driven decision-making: data cleansing, data enrichment, connecting IT and OT data, creation of cross-departmental shared dashboards

Get in touch.

MaxGrip Jeremy Borton

Jeremy Borton
Senior Consultant

jeremy.borton@maxgrip.com
T: +1 615 838 0005

Schedule a chat with me

APM Challenges for Oil and Gas

New asset owner

More and more oil and gas assets are taken over by new asset owners. These can be for example former competitors but also capital investors who want to enter a market. Asset management of the acquired company either needs to be integrated or connected to the existing other oil and gas business in the portfolio. It can also be possible that an investor is new to the industry which requires a revision or new to create business plan and asset management strategy.

Aging asset base

Many assets in the Oil and Gas industry are near the end of their initial design life. When assets are at the end of their lifecycle, several scenario’s have to be run to see what the most cost-effective and safe course of action is, being asset lifetime extension, run to failure or decommissioning. Based on the actual asset health, asset owners need to choose the best way to balance cost, risk and performance to optimize production results in the long term.

Industry 4.0 transformation

Digitalization and technical advancements offer many opportunities for asset performance management. The current climate demands companies to have a clear vision on which role Industry 4.0 can play for them. This also extends to the asset management strategy and implementation roadmap to realize that vision of Digital Transformation. Connected assets, the connected workforce, data and the bridging business logic (and Digital Twin) will accelerate asset performance growth.

Energy transition

The pressure on decreasing greenhouse gas emissions is growing rapidly. Sustainability and the energy transition are, therefore, hot topics. Asset management can influence the course by implementing strategies that improve uptime in the long term. By uniting Operations and Maintenance the efficiency of assets is further maximized as interdisciplinary collaboration encourages lasting performance improvements.

Meet the organizations already boosting their performance with MaxGrip

Offshore platform

BI Platform drives maintenance and operations process improvements

26%

efficiency increase

Risk based inspection revalidation

RBI revalidation project for Middle-Eastern LNG plant

$1.7 million

estimated savings per leak

water treatment

RCM study for SFPUC identifies opportunities to increase reliability

27%

reduction in labor hours

More case studies

Solutions for every asset management challenge

Reduce Total Cost of Ownership

Boost your bottom line with optimized asset performance management.

Improve Asset Reliability

Identify improvement opportunities and maximize the reliability and availability of your assets.

Boost Asset Performance

Follow a stepped approach to get results and improve performance.

Demonstrate Compliance

Prove regulatory compliance and safe practices.

Accelerate Digital Transformation

Connect your business with Industry 4.0 solutions to secure future asset performance.

Extend Asset Lifetime

Get the most out of assets to perform as long and cost-effective as possible.

Attune APM Data and Systems

Select the right software and get your organization to work with the systems to get better results.

Other APM challenges

Is your challenge not mentioned? Get in touch with an expert and we will find a solution together.

Get inspired

Checklist Enterprise Asset Management

Enterprise Asset Management (EAM) best practices

Download our best practices checklist to make sure you’re implementing and optimizing your EAM for long term success.

maintenance cost

Infographic: saving costs post lockdown

Our experts have summed up benchmarks and tips on what and how to save maintenance cost post-lockdown.

Asset failure

Understanding failure: infographic on the P-F curve

A powerful tool for understanding RCM because it illustrates the behavior of an asset before and up to failure.

View more resources