1. Reliability : In order to be profitable, a company needs consistent means of production delivered by reliable operating plant. The simple definition of reliable plant, is
‘A plant that is available when required and capable of performing to designed specification economically and safely for the life of the plant’
2.Maintenance: a physical expression of asset management during
steady state operation, defined as
‘The sum of activities performed to protect the reliability of the
plant’, activities which will therefore help provide a consistent
means of production and help generate profit.
3.Turnaround: is defined as
‘An engineering event during which new plant is installed, existing plant overhauled, modified to address the reliability issues, and redundant plant removed’. Such activities can not be performed safely when plant is in operation.
As the turnaround is a significant maintenance and engineering event, a direct connection can be drawn between its successful accomplishment and the profitability of the company. There are a number of facets to this connection and a brief exploration of each will serve to set the Turnaround activity in a business context is a part of Asset management.
Our endeavor is always at https://petchemskills.com to help process industries to ensure safe, reliable, compliant and profitable operation through world class asset management strategy.
#reliabilityengineering #oilandgascompanies #oilandgas #petrochemical #perochemicals #energysector #refineries #chemicalindustry #fertilizers #maintenace #powerplants #assetmanagement #oilgas #turnaroundmanagement
steady state operation, defined as
‘The sum of activities performed to protect the reliability of the
plant’, activities which will therefore help provide a consistent
means of production and help generate profit.
3.Turnaround: is defined as
‘An engineering event during which new plant is installed, existing plant overhauled, modified to address the reliability issues, and redundant plant removed’. Such activities can not be performed safely when plant is in operation.
As the turnaround is a significant maintenance and engineering event, a direct connection can be drawn between its successful accomplishment and the profitability of the company. There are a number of facets to this connection and a brief exploration of each will serve to set the Turnaround activity in a business context is a part of Asset management.
Our endeavor is always at https://petchemskills.com to help process industries to ensure safe, reliable, compliant and profitable operation through world class asset management strategy.
#reliabilityengineering #oilandgascompanies #oilandgas #petrochemical #perochemicals #energysector #refineries #chemicalindustry #fertilizers #maintenace #powerplants #assetmanagement #oilgas #turnaroundmanagement
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