Increased production saves US$70 million for offshore oil & gas operator

CLIENT

TAR Engineering Management

INDUSTRY

OIL AND GAS

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.

DELIVERABLE

Optimising platform turnaround times

ISSUE

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.

SOLUTION

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.

RESULT

Our recommendations reduced the shutdown period by 40 days which provided more than US$70 million in savings for the client through increased production.

“Contact us to learn how SECORA partners with oil and gas businesses to achieve their strategic goals – from exploration to production – and improve their asset return on capital.”

Increased production saves US$70 million for offshore oil & gas operator

CLIENT

INDUSTRY

DELIVERABLE

ISSUE

SOLUTION

RESULT

“Contact us to learn how SECORA partners with oil and gas businesses to achieve their strategic goals – from exploration to production – and improve their asset return on capital.”

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