The oil and gas industry is one of the largest industries in the world in terms of dollar value, generating an estimated $3.3 trillion in revenue annually. Oil and gas have played a central role in our global economy and modern history ever since “Colonel” Drake drilled the first oil well in 1859. The industry has come a long way since those early days and is now applying some of the most advanced technologies available.
Personally, I have worked most of my career in the upstream and midstream Oil & Gas industry including onshore plants, offshore platforms, mature assets, mega greenfield projects, LNG plants and unconventional gas.
I worked in the UK (Southern North Sea), the Philippines (Malampaya) and Asia Pacific in general, Oman (Qarm Alam Steam project) and Australia (CSG and LNG).
Because of that diverse experience I understand the issues the industry faces when it comes to how maintenance and reliability are perceived and managed across the industry.
The oil & gas industry has for decades been dominated by capital expenditure, with limited focus on maintenance for a very long time. Once the ‘easy oil’ started to disappear the industry realised that by increasing uptime you could effectively increase your production by the same amount as a new multi-billion dollar greenfield project. And for a lot less money, and a lot less risk.
Although reliability and availability are worth a lot in the Oil & Gas industry, literally billions, both have been neglected for a long time. That has steadily changed in the last couple of decades, but many oil & gas plants across the industry still struggle with low maintenance productivity, reactive maintenance environments with a lot of repeat failures and ineffective & inefficient preventive maintenance programs.
What is not uncommon to see in the industry – but it still surprises me when I come across it – is to see is a company or plant using very expensive systems and equipment supported by some of the most advanced monitoring systems, tools, software, and highly capable people yet at the same time still struggling with the basics I just mentioned.
And that’s exactly why the Road to Reliability™ framework is highly relevant to many companies operating across the Oil & Gas industry.
It is a simple, but effective framework based that will help you to get the basics in place, the basic that really matter and that will significantly improve both your availability as well as your reliability:
And it doesn’t really matter whether you operate an offshore platform, an onshore LNG plant, a refinery or unconventional oil or gas fields, in all cases these basic practices will drive significant value. And in all cases, you can make huge improvements using your own staff.
If you want to know more about how the Road to Reliability™ framework can help you and your team improve your maintenance & reliability performance Download the Road to Reliability™ eBook.
Or if you’re a manager and want to train your team to make real improvements that improve your organisations bottom line Schedule a Call.