Time to reboot your operating philosophy
Companies need to evaluate operations and maintenance requirements against actual operating conditions across the categories of equipment, maintenance and people. This re-evaluation can increase the potential for equipment rationalization and optimized maintenance frequencies, dramatically reducing the need for manpower and services.
Stop flying blind in your production operations
For upstream operations, companies should focus on leveraging digital technologies to:
Improve campaign readiness
Rethink conventional inspection approaches
Create visibility into logistics assets
These actions can help operators sense and react faster, reduce offshore activity and optimize asset utilization.
Spin off late-life assets into a low-cost business
To compete effectively, some leading organizations have created parallel lean businesses focused on lower-volume assets. In this way, companies that have built operating models for large production volumes can still remain competitive and drive full value from an aging hydrocarbon asset base.