Unlike a fine wine, oil and gas assets do not tend to age so well. Life extension is a well-publicised challenge that surrounds assets operating well beyond their original design life, with operating assets truly being utilised longer to maximise economic recovery.
Many participants in the oil and gas industry will have experienced déjà vu as oil prices have once again crashed, this time due to the destruction of demand associated with COVID-19. With continued operations more likely to become increasingly difficult, the shifting landscape adds a new dimension to operating models requiring a leaner, more efficient approach in order to drive down costs but also increase margins and returns.
How can this solution be achieved? With the ever-greater scrutiny of performance and risk metrics, having a comprehensive view of asset and plant performance and being able to identify any risk of business interruption takes on even greater importance.
Are you worried unplanned downtime is going to seriously impact your bottom line? Are you using data to its fullest? Are you comfortable with eliminating integrity activities that do not deliver revenue? Is your asset management strategy optimised for life extension based on the current age of your asset?
Our expert line up of panellists will provide answers through insights and best practices.
This event will discuss the following topics:
- Optimisation of an asset lifetime and uptime
- Increasing profitability
- Health, safety and business continuity
- Latest technology trends with a focus on data challenge
- Dealing with acquisitions
- Third party integration