Opening remarks by Event Chairman , Mahendra Kumar Rastogi Vice President : Inspection & Reliability , Bharat Oman Refineries in 3rd Asean Refining & Petrochemical Forum 2017 held in Hotel Pullman King Power in Bangkok , Thiland

2. Why, Globally Oil & Gas sector particularly petroleum industries
are in doldrums ?
 Lower crude prices
 Competition from FLNG , tight crude / shale gas and new refineries
 Poor demand of petroleum products due to market saturation
 Ageing of Equipment causing frequent shutdown / catastrophes
 Tighter regulation on spills & emissions
 IIOT Digitization: Missing reliability of data & analytics resulting GIGO
 Retirement & shortage of skill manpower
 Lack of reliable expertise
 Poor margin
 Increased maintenance and operating cost
 Lack of funds for integration of refineries with petrochemicals
 Mandatory regulation for high quality products (Euro V)
 Global Warming & Climate of Change and impact of emerging solar energy

3. . Low crude price an opportunity to India downstream industries both refineries & Petrochemicals
India is Oil & Gas hungry : Lowest per capita consumption

4. Changing Global Trade
Global Turbulence in Oil & Gas Sector

5. Changing Global Trade : North America largest upcoming steam
cracking capacity by 2016-21 followed by Middle East
Global Turbulence in Oil & Gas Sector

6. Global Turbulence in Oil & Gas Sector
Changing Global Trade : Strong growth in India expected over the
next 10 years though demand still be smaller than China

11. If we are not doing the “right” things
and are being highly efficient, we may
just be doing the “wrong” things
faster resulting no or poor
effectiveness
RBI/FFS need Expertize with
diligence

13. RBI optimization, delaying maintenance / repairs,
reducing corrosion inhibitors , changing operating
condition, processing opportunity crude, cutting
headcount, these decisions if taken without
thought and analytics , can increase corrosion risk
leading to downtime, uncontrolled releases and
catastrophic failures or even total termination of
ageing facility
Cost Reduction & consequences

17. Ageing Assets : Learning from Past Failures
Replacement will cost $ 12000 Billion which can break the backbone of strongest Economy

18. Ageing Assets &Frequent Catastrophes

24. MIQA needs Proactive M&I Culture in Ageing Plant
For the proactive culture to survive over the long term, it takes significant management
energy as well as a strong commitment from all levels of the organization
Ensure Integrity
& Reliability

25. MIQA, MOC & IOW
Implementation

27. There is a misconception that mature assets
are unreliable, unsafe and inefficient, but
with a robust and proactive asset integrity
management strategy in place , case to case
basis these assets can be made efficient with
enhanced life which need expertize to
understand their in-service behavior and
performance under top driven reliability
culture in an organization

29. As per World Economic Forum , renewables achieved cost
parity with fossils in more than 30 countries without subsidy

31. .