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Oil & Gas :: Asset Management


Oil and gas company is an asset intensive company that manages thousands of production equipments as well as their spare parts that can impersonate a multi dimensional hierarchical system. To manage the asset inventory as well as the maintenance is not a simple task, and it required an integrated asset and maintenance system.

Work-orders from a planned or unplanned maintenance activities are primitives that can be followed by subsequent actions for example crew scheduling, material and tool selections. Later on this material request will trigger warehouse transactions or purchasing activities that make use of staged approval including AFE (Authorization for Expenditure).

Maximo is a best of breed EAM (Enterprise Asset Management) system that has powerful features for managing multi-hierarchical equipments and locations. Implementation of such EAM system in a well established maintenance operations in a oil and gas company is another story. It requires a deep understanding of the integrated asset management and the software system itself.

Strategic Asset and Service Management provides a solution to help achieve these objectives. The solution encapsulates the processes and practices used to optimally manage the performance of an asset according to expectations and requirements of the business. This can include anything from off-shore rigs to production equipment, mobile devices to office buildings or delivery trucks. This also includes any outsourced service providers contracted to manage assets at optimum service levels. Strategic Asset and Service Management gives senior management, for the first time, the ability to view and manage asset performance from a corporate perspective. By managing critical assets and services more closely, companies can increase shareholder value by:
  • Improving the uptime of critical revenue-generating assets;
  • Reducing the costs of acquiring, managing and maintaining those assets;
  • Managing legal compliance;
  • Reducing risk;
  • Creating a competitive advantage;

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