Petrofac News 1700X397
06 September 2017

Petrofac set to help industry track the 'known unknowns'

Petrofac is set to showcase how its approach to performance consulting helps companies take a holistic approach to tackling factors affecting the performance and integrity of oil and gas facilities.

At this week’s Offshore Europe exhibition in Aberdeen, Steve Johnson, Vice President for the Group’s Asset Management service, will be discussing the benefits of this approach and signing up delegates for a free-to-attend webinar. 

As Steve explains: “Oil and gas asset performance consultancy has typically been focused on reviewing a particular system or addressing an already known problem. With our industry cost-constrained by the impact of the sustained low oil price, while remaining focused on assuring the integrity and optimising performance of mature assets, we can clearly see the benefits of a different approach.

“We help companies to think about and identify the potential risks and blockers creating underperformance and to consider how as yet unknown factors could be hampering effective performance.  We do this by taking a holistic approach to the assessment of a wide range of factors, including the influence of age on performance, assessing spares strategies, reliability, condition monitoring and integrity management; providing a completely rounded view.

“The new service aligns well with our existing capabilities within asset management but also draws upon our experience as a Duty Holder, engineering and well engineering service provider.  This enables us to identify clear areas for improvement and optimisation as well as define a roadmap for delivery of solutions.”

With the ongoing focus on asset optimisation and OPEX reduction across industry, this is a service relevant to new entrants and existing operators who want to understand more about the ‘known unknowns’ affecting their targets.

Offshore Europe attendees will be invited to attend a series of free webinars hosted by Petrofac. These online presentations present an opportunity to understand the approach and benefits of several strategies for improving asset management activities, along with live Q&A sessions.  They will include a demonstration of Petrofac’s bespoke software, including AssureME, an effective tool used to track each aspect of an assessment and output a visual representation of the client’s approach to asset and infrastructure management in line with ISO 55000 requirements.

The first webinar - ‘Driving performance through assessing asset management maturity’ - will take place on Wednesday, 27 September 2017 at 8am and will be repeated again at 3pm UK time. For more information and to register for free, click here