Digital Revamping of Oil and Gas - Creating Ageless Assets and Structured Information
July | 2017
What is the common link between Industry 4.0, Cyber-Physical systems, Smart Factory, and Industrial IOT? Why it is important to revise the ways business data is used?
The base line principle of seamless data transfer, analysis and decision making governs the new age technologies. These technologies modify a traditional task into a hi-tech activity. Its right to say that digital mutation has pervaded every industry, arena, domain and realm of business. In oil and gas companies, Engineering Information Management (EIM) oversees an asset life cycle, right from planning and designing to the last stage of decommissioning. EIM was created several decades ago when CAD was just evolving. This resulted in a lag and hence EIM is yet to meet the current industry standards.
Implementation of IoT is a puzzling problem as most of the old facilities have manual drawings, hard copies of equipment manuals and other documents. The puzzle becomes even more complex when the skilled workforce -owning the information and knowledge about the facilities - enters retirement cycle and limits ways to transfer their tacit knowledge to the new team. The only viable option is digitization but most of the oil and gas assets have not been able to cope with digitization and still operate with semi-automated and paper documents.
In-house digitization is a mammoth task and it is costly to build a platform to automate it. So, the best way forward is a shared platform; a platform for multiple assets, i.e., EIM and AIM integrated digitization platform which can be integrated to SAP EAM workbench or NRx Asset Hub or Aveva or Intergraph or any other platforms. This approach saves cost, time and effort and can be available on pay per use OPEX model.
Benefits:
It is also important to note that digitized data can be further utilized only if its structured as useful information and integrated across Engineering, ERP and EAM systems. We need a seamless integration to avoid information silos.
Hence, a unified integrated information system, addressing both engineering and asset activities, can serve as a single source of truth and can answer the following questions
Benefits:
For ageless assets and structured information companies should undergo a digital revamp with EIM and AIM integrated digitization platformsolutions.
Raghuram is the Senior Director, Asset Management, Engineering and Enterprise Solutions at Wipro. With more than 27 years of industry experience, he is well conversant with SAP R/3 Basis & Security, SD, MM, HR, FICO, PM, SAP SRM, BW, IS Oil & Gas, Maximo EAM, AutoCAD, Primavera, Intergraph SmarPlant tools, project tools- Rational, Clarify, HP QC, MS Project, Peregrine, Lotus & Remedy.
Raghuram collaborated with senior management for providing strategic inputs and IT vision with his in-depth experience in resource administration & optimization and quality management of the product / software application, established Offshore Delivery Centre
He is involved in strategic initiatives like bringing new solutions & practices, business models and business growth & transformation. Raghuram supervises consulting, delivery excellence, transition, transformation, people management, marketing and pre-sales with a focus on Asset Management, Engineering and Enterprise Solutions in Energy Natural resources and Utilities Vertical.
Raghuram quickly adopted the change from IT to Engineering services and is helping Wipro Ltd achieve its vision of becoming market leader in Asset Management Services by expanding into global markets in oil & gas industry.
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© 2021 Wipro Limited |
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