Advertisement
asset management in oil and gas: Asset Maintenance Management in Industry Rama Srinivasan Velmurugan, Tarun Dhingra, 2021-05-27 This book introduces readers to essential strategies, practices, and benchmarking for asset maintenance in operations intensive industries. Drawing on a case study from the oil and gas sector, it offers a methodology and practical solutions to help maintenance practitioners select and formulate an asset maintenance strategy, and to establish best maintenance practices at an organizational level using the frameworks developed here. It is intended for industry practitioners, young maintenance professionals, and students of engineering management who aspire to a career in operations intensive industries. |
asset management in oil and gas: Project Management for the Oil and Gas Industry Adedeji B. Badiru, Samuel O. Osisanya, 2016-04-19 Project management for oil and gas projects comes with a unique set of challenges that include the management of science, technology, and engineering aspects. Underlining the specific issues involved in projects in this field, Project Management for the Oil and Gas Industry: A World System Approach presents step-by-step application of project manag |
asset management in oil and gas: An Introduction to Asset Corrosion Management in the Upstream Offshore Industry Ali Morshed, 2011 |
asset management in oil and gas: Performance Management for the Oil, Gas, and Process Industries Robert Bruce Hey, 2017-04-06 Performance Management for the Oil, Gas, and Process Industries: A Systems Approach is a practical guide on the business cycle and techniques to undertake step, episodic, and breakthrough improvement in performance to optimize operating costs. Like many industries, the oil, gas, and process industries are coming under increasing pressure to cut costs due to ongoing construction of larger, more integrated units, as well as the application of increasingly stringent environmental policies. Focusing on the 'value adder' or 'revenue generator' core system and the company direction statement, this book describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries. The book will enable the reader to: utilize best practice principles of good governance for long term performance enhancement; identify the most significant performance indicators for overall business improvement; apply strategies to ensure that targets are met in agreed upon time frames. - Describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries - Helps readers set appropriate and realistic short-term/ long-term targets with a pre-built facility health checker - Elucidates the relationship between PSM, OHS, and Asset Integrity with an increased emphasis on behavior-based safety - Discusses specific oil and gas industry issues and examples such as refinery and gas plant performance initiatives and hydrocarbon accounting |
asset management in oil and gas: Integrated Waterflood Asset Management Ganesh C. Thakur, Abdus Satter, 1998 Waterflooding is one of the most important methods of improving recovery from oil reservoirs. With the economic uncertainty of various enhanced oil recovery techniques (due to oil price instability) waterflooding optimization is more significant than ever. This book provides a thorough understanding of the practical approach to waterflood asset management. It uses multidisciplinary integrated teams and resource management practices to enhance hydrocarbon recovery and maximize profitability. Satter and Thakur are co-authors of PennWell Books' bestseller, Integrated Reservoir Management: A Team Approach. Readers Will Learn: the fundamentals of waterflood management and multidisciplinary technology; the team approach to management through real-life examples; and the integration of engineering, geology and geophysics with operations, research, economics, and legal/environmental processes for effective waterflood asset management. |
asset management in oil and gas: Gas and Oil Reliability Engineering Eduardo Calixto, 2016-05-07 Gas and Oil Reliability Engineering: Modeling and Analysis, Second Edition, provides the latest tactics and processes that can be used in oil and gas markets to improve reliability knowledge and reduce costs to stay competitive, especially while oil prices are low. Updated with relevant analysis and case studies covering equipment for both onshore and offshore operations, this reference provides the engineer and manager with more information on lifetime data analysis (LDA), safety integrity levels (SILs), and asset management. New chapters on safety, more coverage on the latest software, and techniques such as ReBi (Reliability-Based Inspection), ReGBI (Reliability Growth-Based Inspection), RCM (Reliability Centered Maintenance), and LDA (Lifetime Data Analysis), and asset integrity management, make the book a critical resource that will arm engineers and managers with the basic reliability principles and standard concepts that are necessary to explain their use for reliability assurance for the oil and gas industry. - Provides the latest tactics and processes that can be used in oil and gas markets to improve reliability knowledge and reduce costs - Presents practical knowledge with over 20 new internationally-based case studies covering BOPs, offshore platforms, pipelines, valves, and subsea equipment from various locations, such as Australia, the Middle East, and Asia - Contains expanded explanations of reliability skills with a new chapter on asset integrity management, relevant software, and techniques training, such as THERP, ASEP, RBI, FMEA, and RAMS |
asset management in oil and gas: The Global Oil and Gas Industry Andrew C. Inkpen, 2016 |
asset management in oil and gas: Oil and Gas Pipelines R. Winston Revie, 2015-04-20 A comprehensive and detailed reference guide on the integrity and safety of oil and gas pipelines, both onshore and offshore Covers a wide variety of topics, including design, pipe manufacture, pipeline welding, human factors, residual stresses, mechanical damage, fracture and corrosion, protection, inspection and monitoring, pipeline cleaning, direct assessment, repair, risk management, and abandonment Links modern and vintage practices to help integrity engineers better understand their system and apply up-to-date technology to older infrastructure Includes case histories with examples of solutions to complex problems related to pipeline integrity Includes chapters on stress-based and strain-based design, the latter being a novel type of design that has only recently been investigated by designer firms and regulators Provides information to help those who are responsible to establish procedures for ensuring pipeline integrity and safety |
asset management in oil and gas: Information Asset Management James Price, Nina Evans, 2024-01-31 Organisations are using data, information and knowledge as a competitive weapon. Their data, information and knowledge are arguably their most valuable assets. Yet, this fourth asset is managed badly when compared to the other three assets, namely money, people and infrastructure with considerable risk to the organisation. Executives are accountable for the success of their organisations, and those who don’t manage this critical resource and business enabler effectively can be regarded as negligent. Information Assets carry enormous risk and value. Most boards and executives don’t know how to govern and manage IAs effectively and nobody is held accountable. Given this, organisations should govern and manage their Information Assets the way they manage their Financial Assets. The benefits of managing IAs well are compelling. These benefits include increased efficiency, productivity, employee satisfaction, improved decision-making, mitigating business risk and improving product, protecting corporate reputation and service delivery. Drawing on ground-breaking research, this book explains why Information Assets are so important to organisations and the barriers to managing them well. This book is unique in the sense that it takes a fresh look at this topic, is based on experience and research, and includes interviews from more than 70 industry leaders. In short, this book is written by executives and explains where to start. |
asset management in oil and gas: Asset Management Excellence John D. Campbell, Andrew K.S. Jardine, Joel McGlynn, 2016-04-19 During the eight years since the publication of Maintenance Excellence: Optimizing Equipment Life-Cycle Decisions the business environment has changed drastically. Globalization, consolidation, and changes in technology challenge asset management and maintenance professionals to be more efficient. Globalization and consolidation have been particula |
asset management in oil and gas: Asset Management Andrew Ang, 2014-07-07 In Asset Management: A Systematic Approach to Factor Investing, Professor Andrew Ang presents a comprehensive, new approach to the age-old problem of where to put your money. Years of experience as a finance professor and a consultant have led him to see that what matters aren't asset class labels, but instead the bundles of overlapping risks they represent. Factor risks must be the focus of our attention if we are to weather market turmoil and receive the rewards that come with doing so. Clearly written yet full of the latest research and data, Asset Management is indispensable reading for trustees, professional money managers, smart private investors, and business students who want to understand the economics behind factor risk premiums, to harvest them efficiently in their portfolios, and to embark on the search for true alpha. |
asset management in oil and gas: Oil and Gas Production Handbook: An Introduction to Oil and Gas Production Havard Devold, 2013 |
asset management in oil and gas: An Introduction to Asset Corrosion Management in the Oil and Gas Industry, Third Edition Ali Morshed, 2020-09-09 Corrosion management is a rather new concept whose roots go back to the U.K.'s offshore oil and gas industry in the early 2000s. There is a great deal of confusion associated with this concept. To some, CM is a mere synonym for the corrosion engineering concept and discipline, while to others it is an inspection activity that is risk-based. |
asset management in oil and gas: Integrated Reservoir Asset Management John Fanchi, 2010-07-19 All too often, senior reservoir managers have found that their junior staff lack an adequate understanding of reservoir management techniques and best practices needed to optimize the development of oil and gas fields. Written by an expert professional/educator, Integrated Reservoir Asset Management introduces the reader to the processes and modeling paradigms needed to develop the skills to increase reservoir output and profitability and decrease guesswork. One of the only references to recognize the technical diversity of modern reservoir management teams, Fanchi seamlessly brings together concepts and terminology, creating an interdisciplinary approach for solving everyday problems. The book starts with an overview of reservoir management, fluids, geological principles used to characterization, and two key reservoir parameters (porosity and permeability). This is followed by an uncomplicated review of multi-phase fluid flow equations, an overview of the reservoir flow modeling process and fluid displacement concepts. All exercises and case studies are based on the authors 30 years of experience and appear at the conclusion of each chapter with hints in addition of full solutions. In addition, the book will be accompanied by a website featuring supplementary case studies and modeling exercises which is supported by an author generated computer program. - Straightforward methods for characterizing subsurface environments - Effortlessly gain and understanding of rock-fluid interaction relationships - An uncomplicated overview of both engineering and scientific processes - Exercises at the end of each chapter to demonstrate correct application - Modeling tools and additional exercise are included on a companion website |
asset management in oil and gas: Physical Asset Management Nicholas Anthony John Hastings, 2009-09-29 Physical asset management is the management of fixed or non-current assets such as equipment and plant. Physical Asset Management presents a systematic approach to the management of these assets from concept to disposal. The general principles of physical asset management are discussed in a manner which makes them accessible to a wide audience, and covers all stages of the asset management process, including: initial business appraisal; identification of fixed asset needs; financial evaluation; logistic support analysis; life cycle costing; maintenance strategy; outsourcing; cost-benefit analysis; disposal; and renewal. Physical Asset Management addresses the needs of existing and potential asset managers, and provides an introduction to asset management for professionals in related disciplines, such as finance. The book provides both an introduction and a convenient reference work, covering all the main areas of physical asset management. |
asset management in oil and gas: Sustainable Asset Management Roopchan Lutchman, 2006 Presents ways of maintaining and improving assets in utilities and manufacturing environments. |
asset management in oil and gas: Maintenance Excellence John D. Campbell, Andrew K.S. Jardine, 2001-02-13 Considering maintenance from a proactive, rather than reactive, perspective, Maintenance Excellence details the strategies, tools, and solutions for maximizing the productivity of physical assets—focusing on profitability potential. The editors address contemporary concerns, key terms, data requirements, critical methodologies, and essential mathematical needs. They present maintenance in a business context, review planning, measurement, feedback, and techniques related to cost, efficiency, and results, and summarize applications of tools and software from statistics and neural networks to cost-optimized models. |
asset management in oil and gas: Engineering Asset Management Joseph Mathew, Lin Ma, Andy Tan, Deryk Anderson, 2008-02-06 It is with great pleasure that we welcome you to the inaugural World Congress on Engineering Asset Management (WCEAM) being held at the Conrad Jupiters Hotel on the Gold Coast from July 11 to 14, 2006. More than 170 authors from 28 countries have contributed over 160 papers to be presented over the first three days of the conference. Day four will be host to a series of workshops devoted to the practice of various aspects of Engineering Asset Management. WCEAM is a new annual global forum on the various multidisciplinary aspects of Engineering Asset Management. It deals with the presentation and publication of outputs of research and development activities as well as the application of knowledge in the practical aspects of: strategic asset management risk management in asset management design and life-cycle integrity of physical assets asset performance and level of service models financial analysis methods for physical assets reliability modelling and prognostics information systems and knowledge management asset data management, warehousing and mining condition monitoring and intelligent maintenance intelligent sensors and devices regulations and standards in asset management human dimensions in integrated asset management education and training in asset management and performance management in asset management. We have attracted academics, practitioners and scientists from around the world to share their knowledge in this important emerging transdiscipline that impacts on almost every aspect of daily life. |
asset management in oil and gas: Applied Operational Excellence for the Oil, Gas, and Process Industries Dennis P. Nolan, Eric T Anderson, 2015-08-13 Applied Operational Excellence for the Oil, Gas, and Process Industries offers a straightforward practical guide for oil and gas companies to understand the comparisons and contrasts between various types of safety management processes, including the standardized structure and ongoing extended benefits that operational excellence can bring to an oil and gas company. The goal of achieving operational excellence is to reduce costs, improve productivity, and enhance efficiency—in other words, operational excellence contributes to the bottom line. Following along with pre-built success in the process industries, many companies in the oil and gas industry appear to use a subset form of operational excellence, yet many are unsure or unaware of all the safety system components that will truly benefit the company holistically, and current literature is only applicable to the process and manufacturing industries. Packed with clear objectives and tools, structure guidelines specific to oil and gas, and guidance for how to imbed your existing safety program under the operational excellence umbrella known as One-Step Merger, this book will help you establish an overall safety culture vision and challenge your organization to achieve higher levels of safety management and overall company value. - Explores how to solidify a foundational operational excellence program applicable for your oil and gas company - Clarifies the differences and benefits among various programs under operational excellence (OE), such as SHE (safety, health, and environment), PSM (process safety management), and SMS (safety management system) - Explains how to audit and consistently assess how oil and gas OE systems are planned, implemented, and managed, with explanations on cost and time impacts as well as administrative protocols - Includes a glossary, acronym appendix, and additional references for further reading |
asset management in oil and gas: Upstream Petroleum Fiscal and Valuation Modeling in Excel Ken Kasriel, David Wood, 2013-06-06 Please contact the authors at upstream.petroleum.in.excel@gmail.com for details of how to access the trial version of Crystal Ball, as well as the Excel and other files which are *not* part of the e-book version download. This is a book no deal team should be without. It is a must for those involved in upstream oil and gas transactions, planning, budgeting, investment appraisal and portfolio management. Its step–by–step approach cuts through complexity, making it comprehensive and understandable by a wide range of users with a wide range of abilities. It can be used as a textbook, an introductory primer or as a handbook that you can dip in and out of or read cover to cover. —Michael Lynch-Bell, Senior Advisor, Oil & Gas, Ernst & Young LLP; ex-officio Chairman, UN Expert Group on Resource Classification In the upstream petroleum industry, it is the value of post–tax cashflows which matters most to companies, governments, investors, lenders, analysts, and advisors. Calculating these cashflows and understanding their “behavior,” however, is challenging, as the industry’s specialized fiscal systems can be complex, jargon–laden, and sometimes seem to be a “world of their own”. Upstream Petroleum Fiscal and Valuation Modeling in Excel: A Worked Examples Approach demystifies fiscal analysis which, unlike disciplines such as Earth sciences and engineering, can be learned from a book. Written in plain English for laymen and for experienced practitioners alike, it is a reader–friendly, clear, practical, step–by–step hands–on guide for both reference and self–paced study. The book does not catalogue the 100+ different petroleum fiscal regimes in use at the time of writing. Rather, drawing on the authors’ combined 48 years’ experience, it takes a more timeless, generic treatment, by covering the most common variants of royalties, taxation, production sharing arrangements, bonuses and abandonment funding , through a dual approach: first, showing how to model them in Excel , and then providing interactive exercises to prompt (and answer) questions that analyze impacts on cashflows. In addition to the main text, the book consists of over 120 Excel files (ranging from modular examples to full models) in Excel 2007 and 2003 formats; over 400 pages of supplementary PDF files; VBA features to enhance model functionality; and an introduction to risk modeling with exercises for the included trial version of Oracle’s Crystal Ball software. It offers both a wealth of content and models equal to or surpassing what is available from fiscal modeling courses costing several times more; and greater insights into underlying calculations than commercially available “black box” fiscal software. New US Securities and Exchange Commission (SEC) rules planned for 2013 will force petroleum companies to disclose more fiscal information on an individual country basis. This will make it more important than ever for analysts to understand how to model oil and gas terms and the potential impacts of the disclosed government payments on future oil and gas company profitability. Due to the heavy use of graphics and cross references used in this particular text, some readers might find that the printed book offers a more optimal reading experience than certain e-formats particularly with the Kindle eMobi format. |
asset management in oil and gas: Asset Maintenance Management Alan Wilson, 2002 Edited by an expert in the maintenance field, this wide-ranging reference includes in-depth contributions from leading professionals, consultants, university instructors, and experts in specific maintenance techniques. It provides companies with the methods, strategies, and practices that will help efficiently and effectively direct and shape their asset management operations. |
asset management in oil and gas: Turnaround Management for the Oil, Gas, and Process Industries Robert Bruce Hey, 2019-06-11 Turnaround Management for the Oil, Gas, and Process Industries: A Project Management Approach helps readers understand the phases of development in preparation for a turnaround, with each relevant phase easily identified. Specific to the process industry, especially oil and gas, petrochemical and power plants, this reference simplifies the entire lifecycle of a turnaround and provides specific examples of both successful and unsuccessful turnaround projects. By identifying the most significant performance indicators and strategies to ensure that targets are met, this book will help plant managers keep plants safe, efficient and running successfully. - Aligns turnaround project management with ISO guidance and ANSI/PMI standards - Utilizes the best tools for long-term planning, including instructional videos and training material - Helps users gain practical knowledge through both good and bad turnaround management case studies - Presents real-world issues and challenges encountered |
asset management in oil and gas: Nonprofit Asset Management Matthew Rice, Robert A. DiMeo, Matthew Porter, 2012-02-15 An authoritative guide for effective investment management and oversight of endowments, foundations and other nonprofit investors Nonprofit Asset Management is a timely guide for managing endowment, foundation, and other nonprofit assets. Taking you through each phase of the process to create an elegant and simple framework for the prudent oversight of assets, this book covers setting investment objectives; investment policy; asset allocation strategies; investment manager selection; alternative asset classes; and how to establish an effective oversight system to ensure the program stays on track. Takes you through each phase of the process to create an elegant and simple framework for the prudent oversight of nonprofit assets A practical guide for fiduciaries of endowment, foundation, and other nonprofit funds Offers step-by-step guidance for the effective investment management of assets Created as a practical guide for fiduciaries of nonprofit funds—board members and internal business managers—Nonprofit Asset Management is a much-needed, step-by-step guide to the effective investment management of nonprofit assets. |
asset management in oil and gas: The Three Rules Michael E. Raynor, Mumtaz Ahmed, 2013 A data-driven assessment analyzes the practices of thousands of high- and low-performing companies over a forty-five-year period to reveal unique thinking habits and counterintuitive strategies. |
asset management in oil and gas: Shreir's Corrosion , 2009-02-27 This four-volume reference work builds upon the success of past editions of Elsevier’s Corrosion title (by Shreir, Jarman, and Burstein), covering the range of innovations and applications that have emerged in the years since its publication. Developed in partnership with experts from the Corrosion and Protection Centre at the University of Manchester, Shreir’s Corrosion meets the research and productivity needs of engineers, consultants, and researchers alike. Incorporates coverage of all aspects of the corrosion phenomenon, from the science behind corrosion of metallic and non-metallic materials in liquids and gases to the management of corrosion in specific industries and applications Features cutting-edge topics such as medical applications, metal matrix composites, and corrosion modeling Covers the benefits and limitations of techniques from scanning probes to electrochemical noise and impedance spectroscopy |
asset management in oil and gas: Machine Learning and Data Science in the Oil and Gas Industry Patrick Bangert, 2021-03-04 Machine Learning and Data Science in the Oil and Gas Industry explains how machine learning can be specifically tailored to oil and gas use cases. Petroleum engineers will learn when to use machine learning, how it is already used in oil and gas operations, and how to manage the data stream moving forward. Practical in its approach, the book explains all aspects of a data science or machine learning project, including the managerial parts of it that are so often the cause for failure. Several real-life case studies round out the book with topics such as predictive maintenance, soft sensing, and forecasting. Viewed as a guide book, this manual will lead a practitioner through the journey of a data science project in the oil and gas industry circumventing the pitfalls and articulating the business value. - Chart an overview of the techniques and tools of machine learning including all the non-technological aspects necessary to be successful - Gain practical understanding of machine learning used in oil and gas operations through contributed case studies - Learn change management skills that will help gain confidence in pursuing the technology - Understand the workflow of a full-scale project and where machine learning benefits (and where it does not) |
asset management in oil and gas: Engineering Asset Management 2011 Jay Lee, Jun Ni, Jagnathan Sarangapani, Joseph Mathew, 2013-07-30 This text represents state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Sixth World Congress on Engineering Asset Management (WCEAM) held in Cincinnati, OH, USA from October 3-5, 2011 The Proceedings of the WCEAM 2011 is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering topics such as: Asset condition monitoring and intelligent maintenance; Asset data warehousing, data mining and fusion; Asset performance and level-of-service models; Design and lifecycle integrity of physical assets; Deterioration and preservation models for assets; Education and training in asset management; Engineering standards in asset management; Fault diagnosis and prognostics; Financial analysis methods for physical assets; Human dimensions in integrated asset management; Information quality management; Information systems and knowledge management; Intelligent maintenance; Intelligent sensors and devices; Maintenance strategies in asset management; Optimization decisions in asset management; Prognostics & Health Management; Risk management in asset management; Strategic asset management; and Sustainability in asset management. |
asset management in oil and gas: Successful Business Dealings and Management with China Oil, Gas and Chemical Giants Henry K. H. Wang, 2014-01-10 This book focuses on doing businesses successfully with China oil, gas and chemicals companies with real business cases on business management and contract negotiations all under one theme. Drawing on the author’s extensive experiences and knowledge of the China oil, gas and chemicals industries, the book presents a comprehensive and practical guide to the China oil industry structure and major Chinese oil companies. It analyses China’s oil, gas and chemicals markets and its growth into the largest oil consumption market in the world. It also examines energy security concerns and mitigation strategies to diversify crude import sources. The book also analyses the key domestic and international players in China including the largest state, multinational and national oil companies. It looks at the largest China oil, gas and chemical companies and analyses their profile, business, strategies, leaders with relevant case studies. It then examines successful engagement, negotiation and management with the China giants. The book illustrates with business case studies on successfully negotiating and managing business relations to foster trust and promote cooperation, as well as, the risks and rewards. Business leaders, universities, business schools and government agencies will appreciate the book with its in-depth knowledge and analysis of the China oil, gas and chemical industries together with relevant business cases. |
asset management in oil and gas: Macondo Well Deepwater Horizon Blowout National Research Council, National Academy of Engineering, Board on Environmental Studies and Toxicology, Marine Board, Committee on the Analysis of Causes of the Deepwater Horizon Explosion, Fire, and Oil Spill to Identify Measures to Prevent Similar Accidents to the Future, 2012-03-02 The blowout of the Macondo well on April 20, 2010, led to enormous consequences for the individuals involved in the drilling operations, and for their families. Eleven workers on the Deepwater Horizon drilling rig lost their lives and 16 others were seriously injured. There were also enormous consequences for the companies involved in the drilling operations, to the Gulf of Mexico environment, and to the economy of the region and beyond. The flow continued for nearly 3 months before the well could be completely killed, during which time, nearly 5 million barrels of oil spilled into the gulf. Macondo Well-Deepwater Horizon Blowout examines the causes of the blowout and provides a series of recommendations, for both the oil and gas industry and government regulators, intended to reduce the likelihood and impact of any future losses of well control during offshore drilling. According to this report, companies involved in offshore drilling should take a system safety approach to anticipating and managing possible dangers at every level of operation-from ensuring the integrity of wells to designing blowout preventers that function under all foreseeable conditions-in order to reduce the risk of another accident as catastrophic as the Deepwater Horizon explosion and oil spill. In addition, an enhanced regulatory approach should combine strong industry safety goals with mandatory oversight at critical points during drilling operations. Macondo Well-Deepwater Horizon Blowout discusses ultimate responsibility and accountability for well integrity and safety of offshore equipment, formal system safety education and training of personnel engaged in offshore drilling, and guidelines that should be established so that well designs incorporate protection against the various credible risks associated with the drilling and abandonment process. This book will be of interest to professionals in the oil and gas industry, government decision makers, environmental advocacy groups, and others who seek an understanding of the processes involved in order to ensure safety in undertakings of this nature. |
asset management in oil and gas: Engineering Asset Management Dimitris Kiritsis, Christos Emmanouilidis, Andy Koronios, Joseph Mathew, 2011-02-03 Engineering Asset Management discusses state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Fourth World Congress on Engineering Asset Management (WCEAM). It is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering such topics as asset condition monitoring and intelligent maintenance; asset data warehousing, data mining and fusion; asset performance and level-of-service models; design and life-cycle integrity of physical assets; deterioration and preservation models for assets; education and training in asset management; engineering standards in asset management; fault diagnosis and prognostics; financial analysis methods for physical assets; human dimensions in integrated asset management; information quality management; information systems and knowledge management; intelligent sensors and devices; maintenance strategies in asset management; optimisation decisions in asset management; risk management in asset management; strategic asset management; and sustainability in asset management. |
asset management in oil and gas: The Future of Human-Computer Integration Norliza Katuk, Roberto Vergallo, Tito Sugiharto, 2024-06-13 The Future of Human-Computer Integration: Industry 5.0 Technology, Tools, and Algorithms provides a valuable insight into how Industry 5.0 technologies, tools, and algorithms can revolutionise industries and drive innovation. By emphasising the convergence of computer technology and human interaction, readers will learn the concepts of Industry 5.0, from the fundamentals to advanced techniques, with real-world examples and case studies in different industry sectors. The authors equip readers with the knowledge to mitigate risks to ensure success in this complex human and computer synchronisation in the era of Industry 5.0. This collection of writings by experts in their respective fields invites readers to journey through the transition from Industry 4.0 to Industry 5.0. Practical insights are offered alongside cutting-edge applications, such as blockchain, the Internet of Things (IoT), QR code, and augmented reality (AR), as well as the consideration of privacy, trust, and authentication through digital signatures. Such technologies and applications hold much promise to revolutionise industries and drive innovation. Topics in this book include the role of AI in human-computer interaction, efficient asset management using blockchain, computational thinking in program development, synergy of 5G and IoT in healthcare services, advances in increasing data capacity of QR codes, and personalised user experience with augmented reality. The authors also consider the challenges, risks, and concerns of such technologies and their applications in Industry 5.0. This book comprehensively explores Industry 5.0 from a computer science perspective as it delves into the technology aspects and tools for Industry 5.0. It offers readers a detailed understanding of how computer science intersects with Industry 5.0, how to humanise it, and its application to industry. This book has been written for technology professionals and practitioners, especially ones in healthcare, smart systems, and the oil and gas sectors. It will serve as a useful reference for students studying such advanced courses as digital technology, digital transformation, emergent technologies, and innovation through new technologies. |
asset management in oil and gas: Advances in Asset Management: Strategies, Technologies, and Industry Applications Adolfo Crespo Márquez, |
asset management in oil and gas: Official Gazette of the United States Patent and Trademark Office , 2002 |
asset management in oil and gas: Engineering Economy in Upstream Oil & Gas Field Development Menglan Duan, Mac Darlington Uche ONUOHA, 2020-12-10 The business of upstream oil and gas industry is a complex process that involves multidisciplinary participation. Producing crude oil and natural gas from the subsurface reservoir rocks to the point of the selling terminal requires stage by stage processes that costs several hundreds of millions of dollars to the operating companies. Because of the capital intensive nature of upstream investments, every required process is challenged of its economic impact or benefits it will have on the project’s net present value (NPV). The techniques applied in determining the economics of these processes and their selection criteria are addressed in the book. This book guides the reader through these strategic processes, and presents the participants involved in the business of upstream oil and gas prospecting and the conditions that dictate the field development and investment decisions by investors. It also reveals the shared interests and relationships that exist between international oil companies (IOCs) and national oil companies (NOCs) in the exploration and exploitation of their hydrocarbon resources and reserves. This text will serve the purpose of teaching and learning to those in the energy and financial sectors, as the methods, tools, and techniques discussed throughout the chapters will equip students, tutors, experts, and professionals with the necessary skills and knowledge of Exploration and Production (E&P) projects and energy financing and investment. The principles of project management as it applies in upstream oil/gas projects are discussed as well. And the criteria for project ranking, selection, and budgeting which are sine qua non to project financing and execution are well documented in this book. |
asset management in oil and gas: Cases on Optimizing the Asset Management Process González-Prida, Vicente, Márquez, Carlos Alberto Parra, Márquez, Adolfo Crespo, 2021-10-15 It is critical to improve the asset management system implementation as well as economics and industrial decision making to ensure that a business may move smoothly internally. Maintenance management should be aligned to the activities of maintenance in accordance with key business strategies, which must be designed under the comprehensive approach of an asset management process. After transforming the priorities of the business into priorities of maintenance, maintenance managers will use their medium-team strategies to tackle potential weaknesses in the maintenance of the equipment in accordance with these objectives. Cases on Optimizing the Asset Management Process explains and summarizes the processes and the reference frame necessary for the implementation of the Maintenance Management Model (MMM). This book acts as an overview of the current state of the art in asset management, providing innovative tools and practices from the fourth industrial revolution. Presenting topics like criticality analysis, physical asset maintenance, and unified modelling language, this text is essential for industrial and manufacturing engineers, plant supervisors, academicians, researchers, advanced-level students, technology developers, and managers who make decisions in this field. |
asset management in oil and gas: Definitions, Concepts and Scope of Engineering Asset Management Joe E. Amadi-Echendu, Kerry Brown, Roger Willett, Joseph Mathew, 2010-11-02 Definitions, Concepts and Scope of Engineering Asset Management, the first volume in this new review series, seeks to minimise ambiguities in the subject matter. The ongoing effort to develop guidelines is shaping the future towards the creation of a body of knowledge for the management of engineered physical assets. Increasingly, industry practitioners are looking for strategies and tactics that can be applied to enhance the value-creating capacities of new and installed asset systems. The new knowledge-based economy paradigm provides imperatives to combine various disciplines, knowledge areas and skills for effective engineering asset management. This volume comprises selected papers from the 1st, 2nd, and 3rd World Congresses on Engineering Asset Management, which were convened under the auspices of ISEAM in collaboration with a number of organisations, including CIEAM Australia, Asset Management Council Australia, BINDT UK, and Chinese Academy of Sciences, Beijing University of Chemical Technology, China. Definitions, Concepts and Scope of Engineering Asset Management will be of interest to researchers in engineering, innovation and technology management, as well as to managers, planners and policy-makers in both industry and government. |
asset management in oil and gas: Proceedings of the 2nd International Conference on Emerging Technologies and Intelligent Systems Mohammed A. Al-Sharafi, Mostafa Al-Emran, Mohammed Naji Al-Kabi, Khaled Shaalan, 2022-12-12 This book sheds light on the recent research directions in intelligent systems and their applications. It involves four main themes: artificial intelligence and data science, recent trends in software engineering, emerging technologies in education, and intelligent health informatics. The discussion of the most recent designs, advancements, and modifications of intelligent systems, as well as their applications, is a key component of the chapters contributed to the aforementioned subjects. |
asset management in oil and gas: Facility Integrity Management Michael Deighton, 2016-02-25 Facility Integrity Management: Effective Principles and Practices for the Oil, Gas and Petrochemical Industries presents the information needed to completely understand common failures in the facility integrity management process. By understanding this more comprehensive approach, companies will be able to better identify shortcomings within their respective system that they did not realize existed. To introduce this method, the book provides managers and engineers with a model that ensures major process incidents are avoided, aging facilities are kept in a safe and reliable state and are operating at maximum levels, and any gaps within the integrity management system are identified and addressed, such as the all too common fragmented reliability programs. The book approaches oil and gas facility management from a universal perspective, effectively charting out existing oil and gas facilities and their associated work processes, including maintenance, operations, and reliability, and then reconstructs them in order to optimize the way integrity is managed, creating a synergy across the various elements. Easy to read, packed with practical applications applied to real process plant scenarios such as key concepts, process flow charts, handy checklists, real-world case studies and a dictionary, provides a high quality guide for a breakdown free facility, maximizing productivity and return to shareholders. - Helps readers gain a practical and industry specific approach to facility integrity management supported with real-world case studies from oil, gas, and petrochemical facility locations - Presents a facility integrity excellence model, a holistic approach for oil and gas companies to drive towards integrity assurance unit monitoring, creating a failure-free environment - Identifies and addresses failure of facility processes and equipment before the onset of performance degradation, keeping equipment maintenance costs low and reliability high |
asset management in oil and gas: Asset Management for Infrastructure Systems Gerd Balzer, Christian Schorn, 2022-02-16 This book offers a broad overview of asset management processes for different utilities, with a special emphasis on energy and water. It provides readers with important practical considerations concerning the development of new competitive structures and procedures for guaranteeing a sufficient supply of energy and water in a regulated environment, using clearly defined technical and economic cornerstones. On the one hand, asset owners expect suitable interests from their investment and business growth; on the other hand, regulators focus more on a reliable and cost-effective customer supply. This book shows how to take into consideration these different perspectives in the process of designing new structures, and how to guarantee organizational transparency. It describes essential principles and boundary conditions for ensuring the optimal use of resources in a network, covering issues relating to equipment service life, IT landscape and computer programs, operational costs management, and investment and maintenance strategies, highlighting their impact on the organization of the company. This thoroughly revised and updated second edition, includes extensive information about IEC standard (IEC/TS 63060), and cover operation research methods focusing on the optimization of the maintenance tasks. Furthermore, a discussion on the political environment has been included, with a special emphasis on the European situation and the “Green Deal”: specifically, some measures to cope with the topic of energy transition are presented. Last, but not least, a brand-new chapter on condition assessment has been included. |
asset management in oil and gas: Biodiversity, the next challenge for financial institutions ? A scoping study to assess exposure of financial institutions to biodiversity business risks and identifying options for business opportunities Ivo Mulder, 2007 |
Asset Recovery Services | Dell USA
Transparency is essential for an asset lifecycle strategy that supports your sustainability goals. In alignment with ISO 14040/44 guidelines, our dynamic and personalized Environmental Impact …
Using Dell Command Configure to Set The Asset Tag Information …
Jun 9, 2025 · Check the BIOS to ensure that the Asset Tag is correct. Using CCTK Tool (CLI) NOTE: Dell Client Configuration Toolkit is a packaged software offering that provides scripted …
Dell Asset Tag Utility, A01 | Driver Details | Dell US
Jun 30, 2004 · The Asset Tag Tool provides the ability to read and display the FRU fields Asset Tag, Service Tag, and PPID. It also provides the capability to update the Asset Tag field. This …
New 7020 Small form factor and Tower spec sheet - Dell
May 29, 2024 · https://www.delltechnologies.com/asset/en-us/products/desktops-and-all-in-ones/technical-support/optiplex-sff-spec-sheet-7020.pdf.external gen ID: 7020 Intel 14th gen
Dell Asset Utility | Driver Details | Dell US
May 30, 2013 · Dell Asset Utility Installed This file was automatically installed as part of a recent update. If you are experiencing any issues, you can manually download and reinstall.
Service Tag change? - Dell
Feb 15, 2009 · The Asset Tag Utility allows asset tag and service tag numbers to be entered into the system's NVRAM where they can be viewed by the System Setup screens. The utility is …
Support | Dell US
Get support for your Dell product with free diagnostic tests, drivers, downloads, how-to articles, videos, FAQs and community forums.
How to Find Warranty Status and Information for Your Dell Product
3 days ago · Warranty and Ownership Transfer - You may request a warranty or ownership transfer if you have recently purchased or received a used Dell product, the Dell product is …
Drivers & Downloads | Dell US
Having an issue with your display, audio, or touchpad? Whether you're working on an Alienware, Inspiron, Latitude, or other Dell product, driver updates keep your device running at top …
Dell APEX PC as a Service
Dell APEX PC as a Service (PCaaS) is a complete IT solution that simplifies PC lifecycle management by combining hardware, software, lifecycle services & financing.
SAP S/4HANA CLOUD FOR UPSTREAM OIL AND GAS
FOR UPSTREAM OIL AND GAS Supercharging your experience Move beyond traditional ERP to accelerate your path to the Intelligent Enterprise. Get a 360º view of the Intelligent Enterprise …
A hierarchical guide to evaluating your Asset Integrity …
Failure to maintain the system – the asset management system contains outdated information and protocols as ... Organisational and human errors have been identified in a number of high …
A of Carbon Asset Management in Oil and Gas - ResearchGate
A Review of Carbon Asset Management in Oil and Gas Enterprises Weidan Li *, Quanyan Du School of southwest petroleum university, Economics and Management University, Chengdu, …
Comparison of Asset Management Practices in Norwegian …
Asset Management has been adopted by various industries, where its mandate or legal requirements are still at its infancy. The scope of Asset Management is vast, and is well …
Management system and supporting standards for oil and …
Quality management system standard •Oil and gas industry published first edition of sector-specific QMS standard for product and service supply organizations, supplementing ISO 9001, …
Oilfield Asset Management - Infosys
OILFIELD ASSET MANAGEMENT: EQUIPMENT TRACK & TRACE WITH RFID – SAP INTEGRATION Abstract The oilfield equipment supply chain is grappling with the challenges …
12 Best Practices of MRO Inventory Optimization for Oil
It’s called “optimization”. By optimizing MRO inventories, Oil & Gas companies dramatically improve their asset management outcomes. But doing it right requires appropriate technology. …
Asset Integrity Management Software
oil & gas experts, Integrity Engineers and consultants from around the world, developed by IQ Integrity into the new standard for Asset Integrity Management Software. ONE - Asset Integrity …
ASSET INTEGRITY MANAGEMENT IN UAE - IQPC Corporate
Nov 11, 2015 · 2Huawei, Harnessing the Digital Oil and Gas Field 3Khaleej Times, Abu Dhabi oil sector to see spending cuts, 11/11/2015 4Oilfield Technology, Intertek invests in new oil and …
Asset integrity – the key to managing major incident risks
for controlling risk and delivering high performance in the oil and gas industry, published in 2014. Reports 415 and 510 both provide guidance on how to apply risk management as a …
RDS-O&G Reference Designation System for Oil and Gas
The potential application of RDS within the Oil and gas sector is quite wide-ranging when considering the multiple systems involved in the production of Oil and gas. This first edition of …
McKinsey on Oil & Gas - McKinsey & Company
reservoir management can be significant. Good well management can have a big impact . . . . . . and case studies prove that it can be captured Additional volume delivered by well and …
SUSTAINING WORLD CLASS COMPANY PERFORMANCE BY …
oil & gas companies and may cover a wider range of industry types. Original/Value – This paper presents an original and novel approach of Asset Integrity Management System (AIMS) to …
OPERATIONAL READINESS AND ASSURANCE (OR&A) IN …
focusing on facility management in the oil and gas sector (Amaechi et al.,2022). By examining various approaches, technologies, and case studies, this review aims to highlight the importance
Asset Performance Management (APM) - nexusdev.wipro.com
Structured asset performance has been mitigating equipment risk and driving long-term solutions in the oil and gas industries since at least the last decade. Recent advances in technology in …
New Method for Asset Data Capture in the Oil & Gas …
asset management practices were aligned with the business needs. We also created a list of questions that must be asked when the EPC encounters an asset that is not on the list. If any …
Safety and environmental management in the oil and gas …
In recent years, oil and gas companies have made sizable investments in their safety and environmental (S&E) functions. These investments have made the companies’ S&E systems …
SAP in Oil + Gas - Accenture
Oil, gas, and energy companies need to transform to achieve profitability and relevance during the ongoing energy transition. Cloud and digital platforms are critical enablers for reinvention of …
Oil & Gas Asset-Backed Securitizations - hunton.com
Structuring an Oil & Gas Securitization An oil & gas securitization follows the basic premise of a standard securitization but there are key differences because of the nature of oil & gas assets. …
Integrated planning for a dynamic oil and gas industry - KPMG
on the upstream and midstream oil and gas sectors. With more than 18 years of professional experience, he works with clients on strategy development, operating model transformations, …
WWW.KDIOILANDGAS
C. Asset Integrity Management 1. Pipelines Services and Monitoring D. Equipment Leasing 1. Heavy duty equipments 2. Earth moving equipments 3. Vehicles ... Automotive Gas Oil (AGO …
CivicLive
%PDF-1.6 %âãÏÓ 7904 0 obj >stream hÞd Qkƒ@ ǿʽU ¦9NG)»é …• Ú±Çrzé ¦^ W°ß~i7Æ` üóKH^¤…±XÄêì;G ·CÔÙ¾ l»dˆZ7„q冓 /Á5 =Ž~ 9áÚ 0 d‡¬(Ó¹T …
Supporting HSE Needs for Oil & Gas Through Effective Asset …
System / Enterprise Asset Management (CMMS / EAM) solution, provide the ability to track, document and analyze the activities that help them comply to their Health, Safety and …
Part I: The basics of SAP S/4HANA gas, and chemicals industry
Tackling the S/4 conundrum Part I: The basics of S/4HANA and its value proposition to the oil, gas, and chemicals industry 2 Technology’s role in a time of market uncertainty For many …
OIL & GAS INDUSTRY SOLUTIONS - gevernova.com
• Asset Performance: Oil & gas operators often manage three times more secondary devices than primary assets. Lacking visibility on assets to identify and address ... Motor Health …
February 2024 Corporate Presentation - highwoodmgmt.com
Greg is a Professional Engineer with over 20 years of oil and gas experience in Canada and the U.S. Previously, Mr. Macdonald was the VP, Engineering of Tidewater Midstream & …
Asset Integrity Management - SGS
n Pas 55 – Asset Management System Certification SIG nSAfeGuArdI G Sy teMS MAIntenAnCe & InSPeCtIOn ... paper & pulp, and gas processing facilities. Over the last five years SGS has …
Asset Integrity Management - International Regulators' Forum
Asset Integrity Management Stuart Pinks, Chief Safety Officer Canada-Nova Scotia Offshore Petroleum Board Halifax, Nova Scotia, Canada Significant Issues ... Echo gas platform •The …
Development of strategic asset management planning in the …
Keywords Asset management, Strategy, Petroleum, Strategic planning, Oil and gas, Asset integrity management Paper type Research paper Introduction and background Asset integrity …
Asset Integrity Management – from Inspection to Action – …
and longest asset life, is gaining more ground in the water industry. In the extremely safety-critical fields of oil and gas, Asset Integrity Management Systems are widely accepted and applied. …
Guidelines on Asset Management of Offshore Facilities for
Asset management (or facilities management) has been identified as a key aspect of the oil and gas sector, which ensures longevity, life extension, serviceability,
6 Ways Intelligent Information Management Streamlines Oil …
today, many oil and gas firms lack integrated document management, even for core back-office processes like accounts payable or accounts receivable, let alone for front-office processes …
Measuring Performance in Oil & Gas - Stern Value …
Jul 13, 2021 · RESEARCH REPORT EVA in Oil & Gas Measuring Performance in Oil & Gas ... At that time, we identified reserve management as being the most important aspect. Yet, since …
Asset Management In Oil And Gas (Download Only)
capabilities Intelligent Control and Asset Management of Oil and Gas Production Facilities Atalla F. Sayda,2008 An Introduction to Asset Corrosion Management in the Upstream Offshore …
Adding Value to Mature Fields & Late Life Assets - Going …
The depressed oil price has spurred a new wave of innovation in oil and gas industry. When a barrel of oil fetched $100 or more, energy companies were focused on drilling wells and …
ENHANCING VALUE IN OPERATED OIL AND GAS VENTURES
of the NOV Asset The fi rst step is to gain strategic clarity about what each NOV asset brings to the company. This is harder than it might seem. Companies almost always have a view of …
Capacity Release Frequently Asked Questions - Northern …
What is an Asset Management Arrangement (AMA)? In general, an AMA is a contractual relationship where a party agrees to manage gas supply and delivery arrangements, including …
The road to a fully integrated asset management strategy …
Integrated asset management model . In today’s competitive world obtaining and maintaining the highest plant reliability is a must. The implementation of best practice in operations, …
ASSET LIFECYCLE MANAGEMENT SERVICES (ALM SERVICES)
level of outcome in terms of asset availability, risk management and total cost of ownership. ALM Services combine GE’s expertise in grid asset maintenance and reliability management with …
Leveraging artificial intelligence in Oil and Gas
oil and gas sector is expected to reach $4.21 billion by 2028. An Ernst & Young survey found 92% of oil and gas companies worldwide are investing in AI or planning to do so in the next 5 years. …
Operational excellence in the oil and gas industry. - Rockwell …
machinery supplier to the oil and gas industry, knew it needed a way to remotely monitor the performance of its trucks in real-time, from anywhere. The company gained real-time visibility …
The 5C model: a new approach to asset integrity management
5C model, asset integrity, technical integrity, asset management, asset integrity management Abstract As organizations grow more complex in operation and more global in scope, assets …
PortfolioManagementinanUpstreamOiland GasOrganization
folio is thus a single asset or project. Sometimes, an upstream oiland gas cor-poration may organize a business unit around a single asset, in which case the business unit portfolio …
A Practical Examination of the Regulatory Oversight of …
a large integrated oil company located in Houston, Texas, would like to enter into an ... For this to be permissible the transaction would need to be structured as an asset management …
A Global Overview of Offshore Oil & Gas Asset Integrity …
Oil & Gas Asset Integrity Issues IROSC Miami, Florida USA Graeme A.E. Pirie & Erik Østby ... Management of techn. safety barriers Reliability Mgmt. Failure mode and effects …
Integrated Asset Modeling and Production Optimization …
asset performance as well as a low level of adoption by production and reservoir engineers. The oil and gas company sought an integrated approach to asset modeling for superior asset …
ISSN 1979-3561 | EISSN 1979-3871 Asset Integrity …
1.2 Knowledge management for Asset Integrity Management Besides the previously discussed fundamental components, the application of KM in a petroleum installation involves more …
The future of maintenance for distributed fixed assets
maintenance team per asset; the teams cover whole areas and regions. The past focus on high asset availability has often led to low labor productivity levels, typically caused by non ‑optimal …
Oil & Gas Practice - McKinsey & Company
Oil & Gas Practice. 2 North Sea offshore oil and gas asset production efficiency has fallen to record lows, costing industry and government billions in lost revenue and jeopardising the long …
Maintenance Management of Aging Oil and Gas Facilities
Keywords: maintenance management, asset life extension, integrity management, safety critical element, oil and gas producers 1. Introduction Oil and gas facilities range from both upstream …