Companies across all Oil and Gas sectors are facing many challenges and pressures to reduce operating costs, improve plant availability, extend equipment life, operate safely and eliminate environmental impact(s).
Shutdown, Turnaround and Outage (STO) performance is one of the critical work management areas receiving management attention for two main reasons. First, STO performance has a long-term impact on the plant’s mechanical integrity and operational reliability. Second, if conducted effectively and efficiently, STO’s safety, cost and schedule can be significantly improved helping an organization’s financial and business results.
Although so much is at stake, even in the face of ever-increasing competition for higher STO results, industry performance still has significant room for improvement.
In previous reviews, it has been observed that:
- As many as 90% of STO projects have failed to fully meet set objectives or goals
- On average 30% experienced significant cost and schedule overruns
- Approximately 50% have suffered from scope growth
- Over 70% of recommendations that result from a typical STO post-turnaround review are never implemented
Wipro’s native cloud STO application helps an organization meet their STO objective, manage and control STO scope and meet budget and schedule constraints. For more details download the brochure.