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In the dynamic world of Oil and Gas (O&G) operations, the transition from overwhelming data volumes to strategic, actionable insights is pivotal for superior enterprise asset management and operational excellence. We are a frontrunner in enterprise asset management solutions featuring a suite of digital innovations tailored to meet this essential demand. This discussion dives into our flagship product: The Mechanical Integrity Suite, a holistic platform for streamlined management of fixed-equipment inspection data, showcasing cutting-edge data visualization, comprehensive enterprise reporting, and stringent API compliance capabilities.
A study[1] reveals that managing big data in oil and gas exploration and production industries creates massive amounts of data every day; and oil and gas companies are concerned about the application of big data:
“A report by Brule [2] stated that petroleum engineers and geoscientists spend over half of their time in searching and assembling data. Big Data refers to the new technologies in handling and processing these massive datasets. These datasets are recorded in different varieties and generated in large volume in various operations of upstream and downstream oil and gas industry.”
The first step to digitizing asset management workflows and legacy datasets begins with The Intelligent Drawing Platform (IDP). The IDP transforms AutoCAD P&IDs into interactive, intelligent diagrams in seconds, enabling efficient data extraction, seamless navigation across drawings, and digital empowerment. This revolution not only optimizes the inspection workflow but also facilitates a shift towards mobile data collection and processing, maintaining the fidelity of traditional data capture methods. The Intelligent Drawing Platform can be used as a stand-alone platform to create digital twins of complex drawings that can feed into an existing asset management platform. The IDP integrates directly with our Mechanical Integrity Suite for a closed-loop data management solution that scales effortlessly.
Data visualization stands as the platform’s foundational pillar, offering dynamic representation of inspection data that allows engineers and asset managers to quickly discern patterns, identify discrepancies, and make well-informed decisions with heightened efficiency. Tailored dashboards grant exhaustive visibility into asset inspection, maintenance, and compliance metrics across any facility scale or complexity, ensuring precision and operational agility in the fast-paced O&G sector. The Mechanical Integrity Suite (MI Suite) is a flexible, central hub for total asset oversight. It allows stakeholders to view/modify all facility assets and related details for enhanced decision making and operational oversight. Improve maintenance and operations efficiency with comprehensive details including minimum thickness calculations (Tmin) and included materials stresses for API 650/653, ASME Section VIII Div 1, B31.1, B31.3, B31.4, and B31.8 standards.
More than a visualization tool, The Mechanical Integrity Suite is a full-fledged Inspection Data Management System (IDMS) with seamless API integration, advocating a data-centric approach to asset management. This integration supports a variety of functions, including asset register gap analysis, asset hierarchy development, compliance analytics, API 581 quantitative risk analysis, and corrosion management, among others.
Expanding its scope beyond mere visualization, the suite provides extensive enterprise reporting and API compliance analytics, enabling organizations to harness actionable data to refine maintenance strategies, establish inspection benchmarks, and bolster risk assessments with structured, precise information. The MI Suite’s flexibility in creating custom asset categories, defining asset characteristics, and structuring plant and unit hierarchies enhances its utility in effective asset management. A key feature of the MI Suite is the built-in API 581 Quantitative Risk Engine. Quickly analyze consequence areas, probability of failure (based on the 21 API 581 damage mechanisms), susceptibility, and rely on risk matrices to guide decision-making for preventive maintenance and inspection planning optimization.
Endorsed by leading global customers, The Mechanical Integrity Suite is transforming the landscape of asset management in the O&G industry. Its advanced data management features underscore our commitment to fostering a data-informed future, yielding significant cost efficiencies and operational enhancements. Echoing the sentiments of a Senior Consulting Engineer from Upstream Engineering, LLC, our digital solutions have markedly reduced the labor hours required for essential operations, underscoring their profound impact on enhancing operational efficiency. Effectively bridge the vast expanse between data overload and actionable insights in O&G operations with our digital solutions. By leveraging sophisticated data visualization, exhaustive enterprise reporting, and comprehensive API compliance features, O&G enterprises can navigate asset management complexities with unparalleled ease, paving the way for a future where data-driven decision-making catalyzes industry success and sustainability.
If you’re still unsure of how to implement and deploy data-driven tools, schedule a discovery call to learn more and see how we can help solve your data dilemma.
References
1 - https://doi.org/10.1016/j.petlm.2018.11.001
2 - The data reservoir: How big data technologies advance data management and analytics in E&P
