Modern solution for the Oil & Gas industry

Rapid advances in technology

For most of this decade, the Oil & Gas industry has not taken advantage of the opportunities that derive from meaningfully using data and technology. A single drilling rig at an oilfield, for example, can generate terabytes of data every day, but only a small fraction of it is used for decision-making.

As other capital-intensive industries (such as aviation and automotive) have pushed ahead with revolutionising their business and operating models through holistic application of digital technologies, the opportunity for the Oil and Gas industry to leverage the transformational impact of digitalisation has become more evident. The industry is now
beginning to pay heed.

Modern solution for the oil and gas industry

Optimised performance

Many of the challenges and opportunities associated with natural resource extraction begin and end with equipment.
In the diverse and demanding working conditions of the oil and gas industry, efficiently and effectively maintaining physical infrastructure in good working condition, and limiting the costs and disruptions of doing so, is essential for optimising performance and profits.

Modern solution for the Oil & Gas industry

Asset repository

Well-designed ALCM systems are based on a detailed repository containing all maintainable physical assets. Such systems integrate those assets with corresponding detailed information about the attributes of the equipment, associated maintenance procedures and timelines, mechanisms for acquiring replacement parts from warehouses or approved vendors, and contracting with approved repair specialists.

Beyond facilitating repairs, ALCM also supports implementing detailed maintenance reliability programs to keep equipment working at maximum efficiency and to extend asset life spans. The result is not only an extraordinarily valuable repository of relevant information about all physical assets, but also a level of automated maintenance coordination that would otherwise be nearly impossible to achieve, especially across an enterprise.

Modern solution for the Oil & Gas industry

An evolving industry

Recent developments and technical advances further highlight the need for flexible and adaptive maintenance management solutions. While many of the basic priorities with regard to managing facilities and equipment remain unchanged, unconventional resources do present some important structural and operational differences.

Resource plays tend to be extremely productive at first, followed by a sharp drop-off and much longer period of lower (and steadier) production. This production variability and expanded timelines are placing different maintenance demands on companies accustomed to operating in a more traditional extraction environment. In this context,
the data capture and visibility offered by ALCM are more than merely a convenience – they are virtually a necessity. Instead of learning the hard way, through trial and sometimes costly error, how to optimise maintenance and operations in new geographic and operational environments, oil and gas companies can use ALCM systems to minimise the amount of time it can take to get the right resources in the right places at the right times to
maintain and repair equipment.

Modern solution for the Oil & Gas industry

Long-term investment

It is clear that ALCM programs and software can help oil and gas companies unlock new efficiencies and realise significant added value. The ALCM business processes and software also should be able to support an organisation’s evolution from corrective maintenance toward reliability-based maintenance. Preventive and predictive maintenance management not only reduces the chances of wholesale breakdowns and expensive interruptions, it makes regular servicing a more efficient and effective process. The ability to configure systems with company-specific variables, tracking and analytics, and to provide a level of procedural and material standardisation across the frequently disparate components of an operation lowers both the risk and the cost of doing business.

Modern solution for the Oil & Gas industry

Best of breed approach

Computime Software enjoys an extensive track re cord in successful implementations of both Maximo and SunSystems. We have leveraged this knowledge, together with our experience in providing integration solutions through our AXON platform, to develop a complete solution specifically for the O&G industry.

An ALCM system provides a sophisticated, innovative and holistic approach to enterprise asset management that uses a single coordinated system to deliver potentially dramatic new efficiencies and correspondingly significant savings, while satisfying even the most stringent regulatory mandates. When embarking on ALCM projects, oil and gas professionals should take the time to not only understand the benefits and best practices of ALCM systems, but also the liabilities that can arise in the absence of quality maintenance management practices and supporting systems.