COMPLEX ASSET LIFECYCLE MANAGEMENT in the Oil & Gas Industry
Impresa’s Complex Asset Lifecycle Management ensures you have the business processes, systems, tools, competence, and resources you need to ensure integrity throughout the asset lifecycle.
Lifecycle analysis involves understanding the full spectrum of an asset’s life, from the procurement of the resource to its depletion.
It includes assessing and predicting an asset’s performance, costs, and risks at each stage of its lifecycle. This allows for effective planning, reduces unforeseen costs, and ultimately enhances asset value.
A thorough lifecycle analysis helps in creating robust asset management strategies that can ensure an asset’s maximum potential is reached.
Upstream Assets
Upstream assets are related to the exploration and production of oil and gas. This includes reserves, drilling rigs, and production facilities such as oil wells and gas fields.
These assets are where the journey of oil and gas begins, and their effective management is crucial for ensuring the efficiency and profitability of the entire operation.
Midstream Assets
Midstream assets are responsible for the transportation and storage of crude oil, natural gas, and refined products. These assets include pipelines, storage tanks, and transportation vessels.
Managing these assets efficiently is key to ensuring that the oil and gas produced at upstream facilities reach the downstream facilities safely and timely, ensuring a continuous supply to the market.
Downstream Assets
Downstream assets are involved in the refining of crude oil and the purifying of natural gas, as well as the distribution of products derived from crude oil and natural gas to consumers. Refineries and retail outlets are examples of downstream assets.
Managing these assets effectively can impact the quality of the end product and customer satisfaction, thereby influencing a company’s market share and profitability.