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E-725 - E&P Project Operating Expenses Optimization

E-725 - E&P Project Operating Expenses Optimization

2 days
EPM/OPEXGB
Sessions
Dates Location Tuition Register
Oct 11 - 12, 2018 Rueil 1,600 €
Online By email
Who should attend?

Audience

    • Field engineers and operation managers who need to understand how to optimize operating expenses.

Level

  • Proficiency
  • This course provides an insight on how to manage higher operating costs which invariably arise as production revenues decline but also how to mitigate risks and uncertainties associated with long-term cost forecasting.
Learning Objectives
  • Upon completion of this course, participants will be able to:
  • perform analysis of high and critical expense areas,
  • assess gaps between budget and actual costs, planned and actual activities,
  • identify cost performance improvement opportunities.
Course Content

IDENTIFY OPEX SAVINGS

0.25 day

  • Use of an open standard technology.
  • Increased information for better operation, accuracy of measurement and control.
  • Enhancement in control function and the performance.
  • Improved throughput.
  • Online diagnosis enables true preventive maintenance.
  • Improve troubleshooting.

INCREASING PLANT AVAILABILITY

0.25 day

  • Faster time-to-profit.
  • Higher sustained production with minimized costs.
  • Safer operation.
  • Fewer unscheduled outages.

MANAGING OPERATION & PRODUCTION COSTS

0.25 day

  • Improved maintenance for fewer process upsets and high availability.
  • Improved quality and productivity.
  • Improved alert capabilities for better operation.
  • Improved accuracy of measurement and control.
  • Data access for business intelligence.

MANAGING MAINTENANCE COSTS

0.25 day

  • Reducing unnecessary trips to plant.
  • Avoiding failure instead of solve failure.
  • Reducing time to repair.
  • Identification and elimination of root causes.
  • Reducing inventory costs.
  • Centralizing maintenance.
  • Centralizing data management.

CONTROL IN THE FIELD

0.25 day

  • Synchronizing data sampling and control.
  • Reducing latency effects in the control chain.
  • Enhancing process integrity.
  • Reducing variability.
  • Tighter loop control.

MAXIMIZING ASSETS UTILIZATION

0.25 day

  • Field controllers.
  • Equipment monitoring.
  • Role-based diagnostics.

MANAGING MAINTENANCE OPERATIONS

0.5 day

  • Wear reserve.
  • Centralized tooling and configuration data.
  • Audits and data management.
  • Better calibration management.
  • Asset management software.
  • Asset data access.
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