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Standardized equipment reliability and integrity process to achieve world class performance

ST, Susantana (2014) Standardized equipment reliability and integrity process to achieve world class performance. In: 4th International Conference on Technology and Operations Management (ICTOM04), 18-19 August 2014, Kuala Lumpur, Malaysia.

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Abstract

This paper (part 2) provide a systematic, staged approach to deploy and execute standardized Equipment Reliability and Integrity Process, Sub-processes and Procedures that enable operation and maintenance of facilities to sustain reliability, integrity and Incident Free Operation (IFO) at Oil and Gas Company.The Equipment Reliability and Integrity Process (ERIP) procedures are executed in five stages, minimum performance levels must be achieved in one stage prior to moving to the next stage.Procedures are executed in a prescribed order referred to as stages.ERIP is a Base Business initiative designed to arrest the natural rate of production decline.This is brought about through identifying the opportunities and solutions for optimizing reserves management, improving the reliability of facilities, and optimizing the capacity of existing facilities.Performance is first verified by the Business Unit through self assessment then through formal Global Upstream validation. It has been determined through bench-marking studies of competitors, that company can deliver superior returns by effectively managing its asset base and standardizing processes across its operations. Standardization of common processes holds great promise and can help company achieve its objectives.This ERIP is applicable for the company that has more than one subsidiary.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Organized by: School of Technology Management and Logistics, Universiti Utara Malaysia, Prince of Songkla University (PSU) & Institut Teknologi Bandung.
Uncontrolled Keywords: Metrics, Standardize, Operational Exellence (OE), Validation Process (VP), Measurement and Verification
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
T Technology > T Technology (General)
Divisions: School of Business Management
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 28 Oct 2015 01:26
Last Modified: 18 Apr 2016 06:16
URI: https://repo.uum.edu.my/id/eprint/15995

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