Petroleum Africa
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Friday, September 12, 2014
Release
Amsterdam, The Netherlands, September 5th, 2014 — Asset Performance Networks (AP-Networks) is currently seeking sponsors for a joint Industry benchmarking study focusing on the unique challenges, key performance indicators (e.g., schedule, lost production opportunity [LPO]), cost drivers, and best practices associated with turnarounds from offshore assets and processing platforms, FPSOs, wellhead platforms, and export pipeline systems—collectively known as offshore turnarounds.
Offshore turnarounds, sometimes called shutdowns or outages, have become increasingly complex events due to growing facility interdependency, interconnectivity, stringent legislation, and constraints including scope versus People On Board (POB), materials management, large number of engineering projects, and more. These increased challenges come at a time when organizations are looking to turnarounds more than ever as opportunities to seize a competitive advantage.
Understanding where one’s own turnaround performance stands relative to others is critical for understanding—and ultimately improving—competitive performance levels. But traditionally, this comparative measurement has proven difficult to accomplish, with organizations opting instead to analyze simple metrics regarding the achievement of cost and schedule predictions.
The Upstream Turnaround Performance Benchmarking Study will bridge this gap in perspective, providing sponsors with a holistic view of the upstream turnaround industry, and their own place in it. Each sponsor will receive a customized report detailing their competitive position relative to upstream industry turnaround performance. The reports will also identify specific differences in individual performance components and practices, and provide AP-Networks’ observations and recommendations for driving further improvements.
AP-Networks will facilitate the study, conduct analysis and interviews, and serve as the custodian of sponsor data. Confidentiality agreements signed by each sponsor will ensure the protection of said data. The collected data will be validated, evaluated, and benchmarked using the AP-Networks Upstream Turnaround Database, the most comprehensive upstream industry turnaround database in the world.
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