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The current economic climate in the oil and gas sector has necessitated a deeper look at the efficiencies of our operations. As we identify some of the bottlenecks restricting our ability to become more efficient, it is clear that the root cause of many of the bottlenecks are directly related to access to the correct information on our assets:

  • Inefficient equipment/functional location information making it difficult to plan maintenance
  • Extended maintenance work effort due to incorrect parts from incomplete, inaccurate or lack of adequate maintenance bills of materials
  • Extra time and effort to wade through the material master to find the right parts for the maintenance required
  • Extra time to wait for parts to arrive when identical parts are sitting on the shelf
  • Extra carrying costs for inventory for identical parts with different manufacturers and/or part numbers

 

There are many causes for asset master data to become incomplete and/or inaccurate. Many of them are a result of unfinished processes involving:

 

  • Shutdowns/Turnarounds
  • Capital Projects
  • Management of Change, etc.

 

In this session we will explore leading practices to capture and/or correct critical operational data as well as how to sustain the data with appropriate level of governance on the processes like those above. We’ll look at ways to qualify the consistency and application of your data standards as well as ways to understand the business impacts of your current state of data. In addition to exploring the steps involved in improving the efficiencies of your processes so your data remains accurate and complete and your operations/procurement costs can stabilize.

The result – many points of operational efficiency and reduced cost that far outperform the current status quo.  
 

Presenter

Allen Kessler, Director, Delivery
Jonathan Budd, Director, Sales North America East and Canada

 

Length - 52:15

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