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Saving Money with Improved Asset Management | Offshore Europe 2017

Saving Money with Improved Asset Management | Offshore Europe 2017

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Asset management in offshore environments is a complicated business. The potential risks involved in equipment failure are significant – apart from the costs and inefficiency involved in potential downtime, there are obvious environmental, employee safety and legal consequences to consider.
Saving Money with Improved Asset Management
Offshore Europe 2017 Cinema Seminar

Advances in technology mean it’s now easier than ever before to manage critical assets to increase compliance, safety and uptime. Scheduled maintenance, automated alerts, ordering stock ahead of port and the ability to better understand maintenance information are just a few integral components to the emerging maintenance toolkit. And by working smarter, offshore providers can save significant sums of money, often in unexpected ways.

This technical seminar for oil and gas professionals was run from Parker's stand at Offshore Europe 2017. The presentation covers visible and unexpected costs of unscheduled maintenance, technology shifts and examples where companies have saved millions of pounds by improving their approach to asset management.

Learn more: http://solutions.parker.com/OE17_Contact

Asset management in offshore environments is a complicated business. The potential risks involved in equipment failure are significant – apart from the costs and inefficiency involved in potential downtime, there are obvious environmental, employee safety and legal consequences to consider.
Saving Money with Improved Asset Management
Offshore Europe 2017 Cinema Seminar

Advances in technology mean it’s now easier than ever before to manage critical assets to increase compliance, safety and uptime. Scheduled maintenance, automated alerts, ordering stock ahead of port and the ability to better understand maintenance information are just a few integral components to the emerging maintenance toolkit. And by working smarter, offshore providers can save significant sums of money, often in unexpected ways.

This technical seminar for oil and gas professionals was run from Parker's stand at Offshore Europe 2017. The presentation covers visible and unexpected costs of unscheduled maintenance, technology shifts and examples where companies have saved millions of pounds by improving their approach to asset management.

Learn more: http://solutions.parker.com/OE17_Contact

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Saving Money with Improved Asset Management | Offshore Europe 2017

  1. 1. Robert Airey, Parker Hannifin Tobias Hammer, Parker Hannifin Saving Money with Improved Asset Management Offshore Europe 2017 Cinema Seminar
  2. 2. Speaker Biography • Robert’s career spans general management, sales development and marketing at international level. A technology and market development for Parker’s UK sales company, Robert has strong understanding of the UK and global markets • Tobias is highly experienced in new product development, operations management and business development1
  3. 3. Frequent Asset Management Challenges • Global – Norway to Namibia, Mexico to Mozambique • Managing 10 to 100,000 assets • Crane, valve, filter to a hose • Recommissioning 2 Global – Norway to Namibia, Mexico to Mozambique Managing 10 to 100,000+ assets Crane, valve, filter to a hose Recommissioning
  4. 4. Frequent Asset Management Challenges • Effective maintenance schedules • Lead time of OE spares and logistics • Outsourcing of services & stock holding (on site product support) • Specification and traceability 3 Outsourcing of services & stock holding (on site product support) Effective maintenance schedules Lead time of OE spares & logistics Specification and traceability
  5. 5. Frequent Asset Management Challenges • Downturn – less staff and resource • Loss of knowledge and history • Health and safety concerns • Maintenance – man hour service costs 4 Downturn – less staff and resource Loss of knowledge and history Health and safety concerns Maintenance – man hour service costs
  6. 6. Frequent Asset Management Challenges • Costs – downtime • Software of ‘management’ tools compatibility 5
  7. 7. Frequent Asset Management Challenges • Add it all up and asset management gets complicated 6 Asset management gets complicated 6 Global – Norway to Namibia, Mexico to Mozambique Managing 10 – 100’s thousand assets Crane, valve, filter to a hose Recommissioning Software of ‘management’ tools compatibility Costs - downtime Outsourcing of services & stock holding (on site product support) Effective maintenance schedules Lead time of OE spares & logistics Specification and traceability Downturn – less staff and resource Loss knowledge and history Health safety concerns Maintenance – man hour service costs
  8. 8. • Various options of asset management 7 Attempts to Deal With the Situation
  9. 9. Use Simple Hose as Example • Inspect • Decipher • Remove • Measure • Cut • Set up tooling • Assemble • Clean / flush • Test • Document • Other – training / staff • Other – tooling Seems simple? Cost per hour $60 and capital investment $250K minimum 8
  10. 10. Cost of Unscheduled Maintenance • Impact of one hose failure 9
  11. 11. Even Scheduled Costs • 3-4 containers • Supervisors – extra staff • Circa 3 months work – man hours • Accommodation 10
  12. 12. $Millions + Prevent Injury, Loss of Life • Attorney websites promote legal wins… • Burns, blunt brain trauma, crush injuries etc. • Compensation due to negotiations on one settlement over $11 million (incl fees) before trial 11 Feeds an Industry Environmental, human & legal consequences… • Attorney websites promote legal wins… • Burns, blunt brain trauma, crush injuries etc. • Compensation due to negotiations on one settlement over $11 million (incl fees) before trial They WILL audit your maintenance records
  13. 13. Asset Management – Typical ‘Wish List’ • Digital solution • Quick and easy to use • Accurate – less mistakes • Global and easily accessible? • Meet needs – specifier, engineer, maintenance, legal, buyer, owner • Drives improvements 12
  14. 14. Example of technology shift Fleet drilling vessels – operate in several countries • Manual filing & storage held on the vessel • Not always matched to asset • Extensive time in port • Poor tracking of life / failure Additional risk • Misplacement of documents • Fines – documents vs inspections 13
  15. 15. Secure cloud-based documentation Single source for record management Accurate & available when needed Reclassification every 5 years • less time (man hours) in dock Accommodation issues now relieved Less risk to fines – quickly updated 14 Shift…
  16. 16. 5 vessels = $10m on hoses alone Example using scheduled costs • Just hose replacement circa $2 million (based on 5,000 assemblies) • 5 years later – recommission? Time? • 3-4 containers • Supervisors – extra staff • Circa 3 months work – man hours • Accommodation 15 Example Using Scheduled Costs
  17. 17. $700K Saving • Initial work/cost involved  3 Containers  4 Supervisors  14 Weeks • Hoses  Measure  Fabricate  Pressure test  Clean  Document  Tag – Parker PTS $700K Saving on 5,000 Assemblies 16
  18. 18. Recommissioning Result • 1st hose replacement circa $2 million • 5 years later, 2nd time approx. $1.2 million How / why? • Produce hoses prior to the project start date • Reduced on-site labour - planned • Possible to swap out hoses - vessel in transit 5 vessels = $3.5m ($140 per hose!) 17
  19. 19. • Customer only needs to survey once • Maintain records for the full 5 years THEN • Accurate records to start from – no guesswork • know material needed, less scrap, less rework, MUCH less labour • Also means knowing the root causes = improvements 18 More Info on Drill Ship
  20. 20. Technology / Features Required • Multiple options on market • Software and tags of various forms • Parker is one of them • Operate multiple countries / markets 19
  21. 21. PTS – Key Features • Technology • Specification • Supply chain • Scale • Safety • Quality 20
  22. 22. Tags and Traceability • Unique ID provides accurate traceability to specific location or asset • Assembly date provides time-based inspection or replacement triggers • Customer part numbers and bar codes enable link to back office systems • Custom label data displays instructions or contact information 21
  23. 23. Point-and-Click Workflow • (Bill of materials) • Record creation (application use) 22
  24. 24. 23 Sample Screen
  25. 25. Record creation (application use) Record creation (bill of materials) 24 Point-and-Click Workflow
  26. 26. Inspection data Replacement alerts emailed automatically 25 Tracking Asset Condition
  27. 27. 26 Asset Management
  28. 28. 27 Notifications
  29. 29. Documentation and Certification • Customised data books • Certification records 28 Customised data books Certification records
  30. 30. Master Tags • 1 Master Tag can equal Multiple Tagged Assets • Fast and easy way to “reassemble” multiple records in the field • Copy on chassis, packing materials or paperwork 29 Parker® Tracking System • 1 Master Tag can equal Multiple Tagged Assets • Fast and easy way to “reassemble” multiple records in the field • Copy on chassis, packing materials or paperwork
  31. 31. Leads to the Savings - $ and Safety Improvements • Produce hoses prior to the project start date • Reduced on-site labour - planned • Possible to swap out hoses - vessel in transit 30
  32. 32. 31 Not Parker-Specific: All Brands or Technologies
  33. 33. Questions and Discussion 32 Contacts for further information Mick Perry or Anand Ramachandran Parker UK sales company T: +44 (0)1926 317878 www.parker.com/pts

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