Reducing the shutdown period of our client’s oil and gas platforms in the North Sea saved them some US$2 million a day in lost revenue.
Optimising platform turnaround times
TAR Engineering Management
OIL AND GAS
Regular maintenance on our client’s 16 oil or gas platforms was consistently running over schedule, costing them significantly in terms of daily output. Our role was to improve turnaround times and profitability by reducing downtime.
After initial consultations and investigations, we conducted a workshop to bring together key stakeholders and identify solutions that would have a positive impact on the next shutdown season. We developed tools for comprehensive risk assessment and tracking, and resourcing guidelines that standardised processes and accountabilities.
Our recommendations reduced the shutdown period by 40 days which provided more than US$70 million in savings for the client through increased production.