02 October 2018
Now more than ever oil and gas operators are asking, how do we get more from our existing assets? Should we be taking a closer look at using brownfields and existing infrastructure to get new developments over the line?
In a CAPEX constrained environment, it is essential for operators to maximise the return on investment from existing assets and infrastructure. Getting more with less investment is business critical. In part, this can be achieved through a well-planned asset management project coupled with a thorough understanding of the constraints and challenges imposed by brownfield activities.
Asset management is a bit of a tightrope walk, involving the balancing of costs, opportunities, and risks against the desired performance of assets to achieve the organisational objectives. However, operator organisational structure can sometimes lead to “silo”-based asset management, which leads to lack of collaborative thinking. This more often than not leads to sub-optimal asset value and operational efficiency outcomes.
Our Production Value Asset Enhancement model is a holistic ‘full system’ approach to asset management- a reservoir to market and integrated organizational approach to asset value enhancement. Its structured, systematic, step-wise approach to asset and organizational value enhancement concept is specifically designed and proven to help our clients realize maximum value from their existing assets.
We work with our clients to examine the need for, and performance of, assets and asset systems at different levels. This enables the application of analytical approaches toward managing an asset over the different stages of its life cycle, from conception of the asset need to its disposal, including the management of any potential post-disposal liabilities.
More specifically, Advisian’s three-phase approach to Asset Management entails:
- Project Framing - Stepping back and framing the issues, which may be driven by safety, production, OpEx, resources, etc.
- Detailed Evaluation - Carrying out the detailed work to ensure issues are addressed and actions plans are developed. Issues may be related to any one of these areas:
Digital Data Management
- Implementation - Helping manage change culture and implement on site.
The core benefits are that all opportunities for asset value enhancement including maximizing production, optimized asset integrity and organizational efficiency can all be identified and addressed in a fully integrated manner, resulting in a more cost effective and value enhancing way forward in the ‘lower forever’ operating environment.
To find out more, or to experience this process for yourself, contact Neil.Allen@advisian.com