One of Australia’s leading energy companies produces natural gas from wells drilled into coal seams, and then turns it into liquefied natural gas (LNG) for export. The plant had a conservative maintenance setup, generating too many and often unnecessary work orders to maintain the equipment. Consequently, the workload and the costs were too high. MaxGrip optimized the maintenance of the LNG plant with our Asset Improvement Program including mapping the current situation through our proven AIM-methodology and first deployment for quick fixes.
Case study – highlights
Approach
Stage one: Fixing the basics. The project started with a review of the asset register, the safety-critical elements (SCEs), and a first benchmark and optimization of the preventive maintenance (PM) routines.
Stage two: Fully optimizing the maintenance build in the CMMS system, completing the workload levelling process, and aligning all tasks with updated maintenance strategies and performance standards.
Results
The first stage alone resulted in savings of US$ 600,000 year on year on man hours only. Stage two, the actual PM optimization project, has also yielded very good results. By reducing the number and frequency of PM tasks, clustering and enriching them, the company was estimated to save over US$ 1.75 million year on year.
Get inspired
In 2030, asset management will be reshaped by AI, emphasizing predictive maintenance. This evolution signifies a commitment to digital innovation and environmental consciousness, adapting to global technological trends for improved efficiency and sustainability.
Cleopatra Enterprise and MaxGrip announce a strategic partnership to enhance Turnaround Management. This collaboration combines Cleopatra's cost engineering software with MaxGrip's Asset Performance Management expertise, aiming to optimize Shutdowns, Turnarounds, and Outages (STO) for clients worldwide.
In this article we share our tips to proactively manage the maintenance backlog in times of change and a global pandemic.