Shutdowns, turnarounds and outages are often viewed as the “necessary evil” of the oil and gas industry. Necessary, of course, to address and enhance asset longevity, and evil due to the size and comprehensiveness of the projects, time restrictions and potential changes in the scope of work, along with their financial implications, which often come up during the shutdown.
Today, every plant is faced with the burden of being tasked with “do more with less” while maintaining associated revenue and reducing costs to meet the expectations of shareholders. During a turnaround you also confront serious losses financially for every day you aren’t in production.
IF NEW TECHNOLOGY ISN’T SAVING YOU MONEY, ITS COSTING YOU MONEY
Currently the low oil price is troublesome simply for the fact that it’s calling for more than immediate cost reductions through budget cuts or downsizing. The economic impacts are squeezing the industry as a whole to be more cost effective and efficient while remaining on solid ground with HSEQ.
Improvements in digital technologies now provide new techniques and tools to increase production and enhance the streamlining of operations. Advances in the protective coating industry also offer a huge opportunity to outage planners.
REWRITE YOUR TURNAROUND RULES
Every dollar of maintenance that is moved out of the turnaround and into a more efficient routine maintenance plan has a two-fold impact – first, less work during a turnaround means reducing the possibility of cost overruns and second, perhaps even more important, being able to paint sweating pipes while in service means that no revenue is lost from the unit being offline.
“While we did receive installed cost savings during our turnaround it’s all the equipment we didn’t have to paint — and took out of the turnaround because we can now paint while the lines are in service — that is an even bigger benefit to us. I think that one of the biggest benefits of using your product is that we can perform coating repair and CUI remediation on-stream.”
OXY (Occidental Petroleum Corp) Asset Integrity Permian Resources
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While our coating technology can positively impact your turnaround by increasing efficiency and reducing installed costs, successfully integrating Chemco International’s RL 500PF into day-to-day operations is where you’ll discover what really is possible for savings in your maintenance program.