Oil and gas industry advisor DNV GL has identified opportunities to reduce plant costs by optimising day-to-day operations
'A New Reality: the outlook for the oil and gas industry in 2016', a study by DNV GL, builds on the findings of five prior annual outlook reports, first launched in early 2011.
During October and November 2015, the company surveyed 921 senior professionals and executives across the global oil and gas industry.
The study advises plant owners to monitor condition for more effective maintenance and inspection regimes, dictated by specific industry information and real-time data to save money.
It also advises replacing planned maintenance with preventive maintenance, driven by early warnings from sensor data, which significantly reduces plant downtime.
Instant information from wells can provide timely decisions on underperforming wells and other potential issues that, if not dealt with, could lead to enormous costs.
Detecting anomalies while drilling and during operation can also lead to more effective decisions for cost savings.
More than a third (35%) of the study respondents worked for oil and gas operators, while 60% were employed by suppliers and service companies across the industry.
The remaining respondents came from regulators and trade associations.
DNV GL, a merge between GL Noble Denton and DNV Oil & Gas, provide a broad range of services including technical assurance; marine assurance and offshore classification.
