ASSET PERFORMANCE MANAGEMENT STRATEGY

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IFSworld.com

ASSET PERFORMANCE MANAGEMENT STRATEGY SOME CHALLENGES, ENABLERS AND TOOLS MAGNE HALVORSEN M.Sc. Business Advisor IFS CENTRE OF EXCELLENCE OIL&GAS 2

3

AGENDA 14:00 CET Asset Performance Management Strategy (Enablers and Tools) 14:20 CET Utilizing IoT to improve CBM and increase efficiency 14:30 CET Summary 4

APM = ASSET PERFORMANCE MANAGEMENT 5

ASSET LIFECYCLE Asset Investment Planning Asset Realisation Asset Operations & Maintenance Asset Performance

ASSET PERFORMANCE MANAGEMENT PURPOSE APM seek to Improve Asset Reliability and Availability, Reduces Cost, and Reduces Operational Risks in the Asset Intensive Industry 7

ASSET PERFORMANCE MANAGEMENT CHALLENGES Today, too much time and effort is required to collect, aggregate, condition, and analyze the abundance of available data, much of which often gets lost, rather than converted to meaningful information to manage the business. This is due in part to too many different software solutions, poor integration between them, a lack of openness and standardization, and difficulty creating and maintaining these integrations. Modern APM solutions support broader set of business EAM functions to reduce this, and thereby make it easier to do data collection and analysis developing new techniques. 8

SO WHAT S NEW ENABLERS? CONNECTED BUSINESS AGILE BUSINESS INTELLIGENT BUSINESS IOT COMPANY VISUAL INSIGHT NEW: CAN COMBINE AND ANALYSE SYSTEMS, PEOPLE AND PROCESSES TO INCREASE EFFICIENCY AND REDUCE RISK 9

APM IN IFS FRAMEWORK 4 SOLUTIONS Connect to sensors and other Cloud services Analyze both operations d transactions Monitor and improve work efficiencies Broad and modern EAM Platform 10

BROAD EAM PLATFORM Broad and modern EAM Platform TCO? 11

IFS IOT BUSINESS CONNECTOR Connect to sensors and other Cloud services 12

13

14

Analyze both operations and transactions 16

Monitor and improve work efficiencies 17

SONGA OFFSHORE 18

UTILIZING IOT TO IMPROVE CBM AND INCREASE EFFICIENCY 1

SONGA OFFSHORE STANDARDISE + DIGITALIZE WITH IFS Songa Offshore is an International Midwater Drilling Contractor with a strong presence in the NCS Environment. Our teams operate a fleet of 7 rigs. New CAT-D Rigs - high Specification and complexity All 4 CAT-D Rigs Operating for Statoil CAT 1 and CAT 2 are identical (Troll Field) CAT 3: Larger capacity engines and thrusters, burner booms (Norne, Heidrun, Åsgard Licences) CAT 4: Same as CAT 3 + Winterization -20 deg C (Barents Sea) 2

SONGA OFFSHORE IOT AND CBM END-TO-END PROCESS Service Dashboard Power BI Visualize performance metrics on the rig Monitoring Operational Efficiency BI Business Intelligence Maintenance Alerts and Observations Fault Reports IoT Gateway Replication Connect main Equipment such: Top Drive, Mud Pumps, Drawworks, BOP, Thrusters, Engines, electric motors and pumps Data Store Microsoft Azure IoT Discovery 3th Party Access on Request IFS Application Onshore Predictive Maintenance Insights integrated with IFS Asset Management 21

CONDITION BASED MONITORING BENEFITS Increase Safety, Efficiency, Quality and in the same manner cost saving Vital part of Songa Offshore Class on Location Strategy and Continuous Class Monitor the health & performance of connected machines to improve resources utilization and prevent unplanned downtime Detect opportunities for improvement Longer times between service intervals - Instead of following predefined maintenance cycles, and not on a fixed calendar schedule. Tracking significant changes that indicate developing failure. Take corrective actions before issues occurs (Observations & Alerts) Contribute to Word Class Maintenance Excellence 22

SUMMARY 23

APM IN IFS FRAMEWORK 4 SOLUTIONS Connect to sensors and other Cloud services Analyze both operations and transactions Monitor and improve work efficiencies Broad and modern EAM Platform 24

IFSworld.com COPYRIGHT 2016 INDUSTRIAL AND FINANCIAL SYSTEMS, IFS AB (PUBL). IFS AND ALL IFS PRODUCTS AND SERVICES NAMES ARE TRADEMARKS OF IFS. ALL RIGHTS RESERVED. THIS DOCUMENT MAY CONTAIN STATEMENTS OF POSSIBLE FUTURE FUNCTIONALITY FOR IFS S PRODUCTS AND TECHNOLOGY. SUCH STATEMENTS ARE FOR INFORMATION PURPOSES ONLY AND SHOULD NOT BE INTERPRETED AS ANY COMMITMENT OR REPRESENTATION. THE NAMES OF ACTUAL COMPANIES AND PRODUCTS MENTIONED HEREIN MAY BE THE TRADEMARKS OF THEIR RESPECTIVE OWNERS. 2017 IFS