For Oil & Gas professionals responsible for production operations, refinery processing or pipeline integrity, the pressure to achieve peak asset performance and maximal uptime while maintaining safety standards is higher than ever.
Moreover; not only are you responsible for preventing unplanned events, but also for minimizing costs while doing so.
More Complexity, More Pressure
Having the right spares and materials available when needed—to perform both planned and unplanned maintenance—is essential to reliability and safety. Yet multiple factors make having the right part at just the right time extremely complex and difficult:
- Volume of items
- Diversity of equipment
- Lack of established BOMs
- Varying levels of criticality
- Inconsistent lead times
- Slow and lumpy demand history
- Consideration of upcoming projects
- Repairable items
- Time required to gather and organize essential data for decision-making
— just to name a few.
Optimization Through Intelligent Automation
We can help you achieve peak performance, maximal uptime and safety by ensuring you have the right part or materials when you need it.
Oniqua’s global, multi-site clients—such as ConocoPhillips, BP, Dow and ExxonMobil— optimize spares and materials with OAS. Utilizing OAS our clients report:
- Improved service levels
- Mitigation of production risks
- Enhanced reliability and safety of assets and infrastructures
- Improved operational and plant efficiencies
- Optimized maintenance supply chain processes
- Reduced costs
E&P and Offshore Drilling Inventory and Asset Optimization:
The offshore drilling and exploration industry is one of the most regulated industries in the world. To comply with these regulations while doing the business of drilling and exploration, material and maintenance managers must work together to ensure critical equipment is up and running.
Thus, excess of inventory is ordered yet unused. For years, the industry has overstocked to prevent downtime that could disrupt production.
Drillers rely on their maintenance management systems to task them with inspections and preventative maintenance. The problem is that these maintenance management systems were implemented to ensure that the overall project was completed on time and on budget. Emphasis on proper criticality and min/max levels on reorder points was usually done based on a recommended OEM; it was not verified with historical data.
Focused on ensuring they have enough inventory for the project/contract, MRO inventory expands year over year - but maintenance teams have a difficult time identifying where to reduce without causing harm to the business.
That’s where we can help. Oniqua helps E&P clients run more efficiently by making better business decisions based on actual data trends. We help you not only reduce waste by cutting down on overstocked inventory, but also to carefully analyze equipment criticality along with historical transactions against each asset holistically.
Let us help you make better decisions with Oniqua. We offer a low-cost data review and opportunity assessment with no commitment. These assessments will help identify potential savings from future spend and potential stock outs.
The Opportunity Assessment (OA) is a detailed process used by Oniqua to identify the financial and operational improvement opportunities for materials, specifically for inventory optimization.
Uncover Hidden MRO Spares Opportunities Today