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Introduction
Industry
Oil & Gas
Products
Asset Reliability, SmartSignal Predictive Analytics, Asset Performance Management, Predictive Analytics
Two years since go live with GE Vernova’s Asset Performance Management (APM) software, Cosmo Oil has achieved significant quick wins. Prior to implementing digital twins for the oil refinery, as much as 70% of operations time was spent on data collection and cleaning data from disparate, siloed departments.
Asset Performance Management enables efficient and effective use of data supporting Cosmo engineers’ decision-making. Improved processes have translated to overachieving the target improvement for operational availability.
Cosmo Oil presents how they elevate the use and accelerate the value of APM software by:
Asset Performance Management enables efficient and effective use of data supporting Cosmo engineers’ decision-making. Improved processes have translated to overachieving the target improvement for operational availability.
Cosmo Oil presents how they elevate the use and accelerate the value of APM software by:
- Integrating Reliability Center of Excellence work processes and APM SmartSignal to provide early catches of equipment downtime and failure
- SmartSignal monitoring of critical compressors prompted fast action and remediation of an issue that wouldn’t have been caught by human monitoring
- Improving their Failure Elimination process with Root Cause Analysis
Results have included:
- Increased availability and risk avoidance of about $1M through SmartSignal
- Savings of 200 engineering hours through the implementation of Policy Designer
- Risk avoidance of $700K through Root Cause Analysis
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Video credit: GE Vernova