Case Study: OQ Cuts Costs & Production Loss With Asset Performance Management Software

Case Study: OQ Cuts Costs & Production Loss With Asset Performance Management Software

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Customer Information

Introduction

Industry

Chemicals

Products

Mechanical Integrity, Case Study: OQ Cuts Costs & Production Loss With Asset Performance Management Software

The Challenge

  • Ensuring compliance and safety within processing, covering critical assets such as pressured vessels, process piping, storage tanks, boilers, and heaters, etc.
  • Improving execution of inspection recommendations.
  • Reducing maintenance spending and avoiding unnecessary costs.

The Solution

  • Using GE Vernova’s APM Integrity to take a risk-based approach to inspections.
  • Conducting a risk-based inspection (RBI) analysis of all downstream assets.
  • Initiating integrity operating windows (IOW) to set safe operating limits for key assets.
  • Integrating GE Vernova’s APM Integrity application with its SAP enterprise resource planning (ERP) software.

The Results

  • Total savings ~$59M.
  • Avoided three turnaround events, saving $833,000 in maintenance costs and over $42M in production loss.
  • Bypassed inspection costs for the removed damage mechanisms, saving an estimated $16M.
  • Optimized 1,320 assets by removing irrelevant damage mechanisms and adding relevant ones.
GE Vernova
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