The oil & gas industry is a highly competitive sector that suffered profit margin reduction in recent years. Asset downtime incurs high cost due to lost production, direct maintenance costs, and possible environmental penalties. Optimization of asset logistics and maintenance can reduce the downtime thereby increasing productivity and profit at an affordable cost.
There is a gap in current asset management approaches due to lack of connection between reliability, maintenance and lifecycle costs (CAPEX & OPEX). BQR’s apmOptimizer software can overcome this gap by enabling asset performance optimization that integrates production efficiency, operational availability, reliability, preventive maintenance, inspection, spare parts and Lifecycle Cost (LCC) throughout the asset’s lifecycle phases.
Another key concern in the O&G industry is safety. O&G facilities include heavy machinery, rotating equipment and flammable materials. Risk analyses are routinely conducted regarding safety and environmental effects. BQR’s Failure Mode Effects Analysis (FMEA), Failure Modes, Effects and Criticality Analysis (FMECA) and Fault Tree Analysis (FTA) software help to easily conduct such analyses, identify risk drivers, and calculate event probabilities.
BQR is active in the Oil &Gas industry with emphasis on the following categories
- Detection of design errors in development of O&G related electronics for harsh environments
- Risk and safety analysis
- Maintenance and logistics optimization for plants, fleets, Metering and Regulation stations, and support equipment in line with ISO 55000