|
|
|
White Paper - New Method for Asset Data Capture in the Oil & Gas Industry
The
oil and gas pipeline industry, though tempered by the cost of oil recently, has seen a significant amount of growth over the last ten years. One of the challenges facing growing companies is ensuring that asset records, which are installed into a Computerized Maintenance Management System (CMMS) or Enterprise Resources Planning (ERP), are accurate and consistent. A major oil pipeline company faced this challenge in 2014 when their Master Equipment List (MEL) had ballooned to over 200,000 assets since the installation of their CMMS in 2012. Each year, 10,000 to 20,000 asset records are put into service. For small projects there can be 300 to 1,000 assets added, and for large projects, there can be anywhere from 3,000 to 5,000 assets added. Much of the data in the company’s system was inconsistent, lacked content, or was for an item that should not have been considered an asset. The
issue for the company was a lack of data consistence caused by different approaches to enter new data.
Click here to read full White Paper
|
|