Reliability Impact in the Midstream Industry

The average pipeline maintenance and repair costs are $25.5MM per year, while CAPEX on LNG facilities is expected to increase by 50% from 2017 – 2021. As midstream infrastructure continues to age, reliability is crucial for facilities to prioritize. Despite the increasing importance, facilities are struggling to make strategic reliability decisions for their systems.

How can midstream facilities pivot their systems so they can make more strategic reliability decisions? By integrating a near real-time reliability simulation of their entire supply chain through a data-driven approach to reliability.

Reliability Confidence at Every Stage

Whether it’s upstream, midstream, refining, chemical, mining, water, or another industrial process, we meet our customers at whatever stage they fall in to help them navigate forward with confidence.

In the FEED stage, we can use the right modeling approaches to optimize design for the entire lifecycle with reliability in mind. In the build or startup phase, we can support from a reliability perspective, ensuring the customer is confident in their reliability strategy from startup.

Fundamentals vary based on the facility and specific needs. We use a data-driven approach to ensure the customer is getting the right fundamentals in place that work for them, which can include technology selection, people and process, data and documentation management, and modeling.

There is no shortage of initiatives in today’s market. We use a data-driven approach to identify value opportunities and bring them to reality. Objectives range from unplanned downtime reduction, optimized planned downtime, reduced reliability spend, to process safety risk reduction.

In the post-transformation stage, we help our customers sustain the transformations they have achieved and continue to improve their programs quarter by quarter, year over year. This can range from reliability engineering support to the full outsourcing of reliability functions.

Facility Design & Build

In the FEED stage, we can use the right modeling approaches to optimize design for the entire lifecycle with reliability in mind. In the build or startup phase, we can support from a reliability perspective, ensuring the customer is confident in their reliability strategy from startup.

Reliability Fundamentals

Fundamentals vary based on the facility and specific needs. We use a data-driven approach to ensure the customer is getting the right fundamentals in place that work for them, which can include technology selection, people and process, data and documentation management, and modeling.

Reliability Improvement & Digital Transformation

There is no shortage of initiatives in today’s market. We use a data-driven approach to identify value opportunities and bring them to reality. Objectives range from unplanned downtime reduction, optimized planned downtime, reduced reliability spend, to process safety risk reduction.

Ongoing Support & Improvement

In the post-transformation stage, we help our customers sustain the transformations they have achieved and continue to improve their programs quarter by quarter, year over year. This can range from reliability engineering support to the full outsourcing of reliability functions.

Newton™

Newton™ connects all of your data and systems, allowing you to see each data point from one platform, analyze that data, and provide plans that drive quantifiable value at your facility.

Quantitative Reliability Optimization (QRO)

Quantitative Reliability Optimization (QRO) is the method by which every facet of system reliability is stochastically quantified, allowing operators to understand how every data point and activity impact overall facility performance, resulting in a continually evergreened comprehensive reliability plan to yield the highest return on reliability investment.

The Economics of Reliability Report

In our first-of-its-kind Economics of Reliability Report, we dive into how the global refining industry is affected by reliability today, proving reliability is a key differentiation between high and low performers. While the midstream industry will be featured in an upcoming report, this report contains many results that can be shared across all reliability industries.

The Economics of Reliability Report

In our first-of-its-kind Economics of Reliability Report, we dive into how the global refining industry is affected by reliability today, proving reliability is a key differentiation between high and low performers. While the midstream industry will be featured in an upcoming report, this report contains many results that can be shared across all reliability industries.

Resources