IMPROVED CAPEX PROJECT MANAGEMENT

CAPITAL EFFICIENCY TO MINIMISE IMPACT ON ROI AND SHARE PRICE

  • 60% of Major Capital Projects run over budget. PwC's research shows projects take, on average, 188% of their budget.

  • 70% of projects are delivered late, and frequently more than 20% late.

  • Overruns damage project profitability and can even affect share price.

  • The low oil price has seen 68 upstream projects worth ~$380bn postponed, meaning remaining O&G projects are under significant pressure to deliver ROI.

  • Supply chain costs have doubled over the last 10 years.

  • Increasing project complexity requires improved project management discipline.

CHANGING DIRECTION

SHIFTING FROM GREENFIELD TO BROWNFIELD AND LIFE TIME EXTENSION (LTE)

  • Additional risks are presented by the need to accurately tie-in with existing asset infrastructure.

  • Ageing assets often pre-date digital information.

  • Disruption to existing production must be minimal during surveying, design and construction.

  • Right-first-time construction is critical.

MINIMISING DOWNTIME AND OUTAGES

AND MANAGING CHANGE IN A DISCIPLINED MANNER

  • Planned downtime has to be monitored to prevent overruns, and unplanned outages have to be responded to quickly.

  • Every Operations & Maintenance engineer has to be able to find engineering information that is up to date and fit-for-purpose throughout the lifetime of asset modifications.

MITIGATING CLAIMS

  • Project stakeholders have to be informed in real time of the contractual risk exposure due to deviations from contract specifications. This should also eradicate unforeseen and unplanned cost overruns.

  • Audit traceability is key to effectively defending against all contractor claims during contract execution.

... And How We Can Help

Complete project control for Owner Operators.

FORESEE AND MANAGE PROBLEMS

We give you the control to foresee and manage problems before they can disrupt your project. We address the root causes of issues such as cost increases and delays in handovers with better planning and better execution. Our solutions make your project safer, more efficient, and more reliable.

VISUALISE THE TRUTH OF YOUR PHYSICAL ASSET

Make operational decisions more confidently by accessing an accurate Digital Asset to visualise the truth of your physical asset. This wealth of reliable engineering data protects people, and production.
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The Power to Shape Your World

Our Digital Asset Approach helps you quickly find needed information that can be trusted, in both normal and critical situations, for safe, predictable operations. It protects against planned downtime overruns, and supports decision making when (un)planned outages occur. It allows OOs to maximise lifetime yield through a step-change in the speed and accuracy of brownfield data capture and modifications planning for Life Time Extension.

Allow for effective collaboration, increase confidence in engineering decisions, and manage change fast.
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PROCURE

Keep information consistent across global teams, log details and specs easily to avoid disputes and construction errors.
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BUILD

Increase the transparency of your construction process with integration at all levels of the workforce, from planning to installation.

Save time during familiarisation, reduce costs of Information Management and streamline information validation.

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OPERATE

Minimise operational risk, improve change management and increase asset intelligence.
Make planning and implementing modification plans quicker and easier, track all engineering information in one place, and deploy more confidently.

Customer Successes
with AVEVA Technology

BP: Keeping Offshore On Stream

Learn how AVEVA's ProCon solution helped BP Angola to improve their relationship with EPCs when jointly delivering complex capital projects.

AVEVA Supports Ground-breaking Sour Oil & Gas Project in Oman

Learn how Petroleum Development Oman u. AVEVA Information Management at one of its most complex facilities.

Woodside: Implementing AVEVA NET

Discover how Woodside obtained significant savings on The Angel project, including savings of 93% in training costs.

Trusted by Industry Leaders

Design, Build, Operate
with Solutions that Work

Brownfield Modification

Why build a new asset when you can maximise profit from your existing one?

Contract Management

Eradicate contractual disputes over change requests or payment verification through transparent, fully auditable and collaborative contract management.

Handover Management

Derisk the handover from the project phase into operational readiness and reduce costs by up to 85%.