OPEX Optimisation Studies
Operating costs associated with maintaining and repairing an oil and gas production facility can be divided into scheduled and unscheduled activities.
An important element of full life asset management economics is a forecast of these costs to an acceptable degree of confidence.
As facilities age, and move into a period beyond their original design life, many risks and uncertainties conspire to impact the degree of predictability and thus, confidence in long term cost forecasting.
OPEX optimisation studies challenge existing maintenance management and integrity management activities.
Methods applied for full life asset management comprise:
- Critical expenditure areas
- Relationships between budget and actual costs, planned and actual activities
- Significant deviations between budget and actual costs, and
- Cost performance improvement opportunities.
We are focused at identifying ways/tools to improve maintenance cost predictability.
Following thorough analysis of optional actions to optimise/reduce OPEX, we discuss with our client and ultimately prepare fit-for-purpose recommendations for immediate implementation.
With thorough analysis, there are usually room for optimisation, typically resulting in cost savings. However cost savings must always be demonstrated to not compromise HSE and reliability. Vessel optimisation in regard to offshore support is an example of where our software applications help optimise our client's support fleet. With powerful software developments we help you optimising your operational challenges: Computer working time => Cost cutting
To discuss your requirements please contact our specialist: