Title : Leveraging digital tools: A data-driven spares strategy for critical spares optimization in offshore gas facilities
Abstract:
Objectives/Scope: This paper presents an innovative approach of developing and implementing a risk-based critical spares identification and procurement strategy for offshore gas facilities. Managing spare parts in offshore gas facilities poses significant challenges, especially in balancing procurement needs. Excessive stocking results in tied-up capital in warehouses, while understocking can compromise operational efficiency. To address these challenges, A cross-functional team develops a cutting- edge analytical tool to guide procurement strategies, streamline inventory levels, and enhance maintenance efficiency. This methodology not only supports planned facility shutdowns but also prevents unnecessary stock accumulation.
Methods, Procedures, and Processes: The strategy is underpinned by a systematic tool that utilizes a risk assessment model, evaluating safety stock based on failure likelihood, severity, and historical data. This approach integrates reliability techniques such as focus groups and brainstorming sessions to create a comprehensive repository of critical spare parts. Additionally, the tool undergoes periodic reviews to account for changes in facilities, including decommissioning and mothballing.
Results, Observations, and Conclusions: This data-driven tool significantly improves operational performance in offshore gas facilities by enhancing equipment uptime, increasing safety, and streamlining both procurement and long- term planning. With a fully optimized and current list of critical spares, operators can efficiently maintain and repair offshore gas facilities, reducing downtime and optimizing overall performance.
Novel Information: This paper introduces a pioneering spare parts management process integrates with the existing computerized maintenance management system (CMMS). It offers dynamic risk assessments and outputs required safety stock levels, ensuring facilities’ uninterrupted availability.
Key words: Offshore Gas Facilities, Critical Spares, Reliability, Risk Management, Standardization, Inventory, Production, Digitalization, CMMS
