reLiability, availability & maintenance
Enhance the reliability, availability, and maintenance of your oil and gas operations with our expert consultants, leveraging their industry knowledge and innovative solutions to ensure your assets perform optimally and your business thrives. The answer lies in partnering with Fox & Waterman.
Our solution
1. Asset Management: We help develop an effective asset management strategy that ensures equipment is maintained properly and replaced or upgraded as needed.
2. Predictive Maintenance: Using data analytics, we help implement predictive maintenance strategies. This involves using data from equipment sensors to predict when a machine is likely to fail, so maintenance can be performed just in time.
3. Reliability-Centered Maintenance (RCM): We assist in implementing RCM programs, which focus on identifying and maintaining critical system components whose failure would cause significant downtime.
4. Training: We provide training to staff on best practices for equipment maintenance and operation.
5. Process Optimization: By analyzing operation identify inefficiencies in processes and suggest improvements.
6. Technology Implementation: We guide oil & gas companies in implementing the latest technologies for monitoring and maintaining equipment, such as IoT devices, AI, and machine learning algorithms.
7. Safety Procedures: We help develop safety procedures for maintenance activities to ensure the well-being of staff.
8. Change Management: When new processes or technologies are introduced, we assist with change management to ensure a smooth transition.
benefits
1. Increased Efficiency: Increases the efficiency of internal and external maintenance labor and reduces planned downtime through shutdown and outage optimization.
2. Cost Reduction: Leads to cost reductions of 15 to 30 percent.
3. Improved Profitability: Higher availability and a more-efficient workforce have increased profitability by up to 10%.
4. Reduced Unplanned Outages: Use of digital tools to dramatically reduce unplanned outages.
5. Boosted Maintenance-Labor Productivity: Use of digital tools to boost maintenance-labor productivity.
6. Greater Operating Efficiencies: Oil and gas companies have begun to harness the power of data to realize greater operating efficiencies and minimize equipment downtime.
7. Reduced Additional Operating Costs: Ineffective equipment maintenance has contributed to billions of dollars in additional operating costs for global refiners due to unscheduled downtime.
8. Engineering Savings and Increased Productivity: A recent whitepaper indicates that leveraging data properly, like deploying cognitive computing and big data/analytics, can lead to engineering savings of up to 70% and increased productivity by up to 30%.