The engineering division at PETRONAS was keen to optimize the performance of their equipment to improve plant reliability and reduce downtime. They turned to AVEVA’s cloud-based asset performance management (APM) solutions, resulting in savings of $17.4M and 14x ROI in the first year.
“Our digital transformation strategy at PETRONAS is to add value quickly, as this has a faster impact on our sustainability goals and on profitability. We do this by identifying discrete projects with tangible deliverables and then cascade the same approach elsewhere, having learned valuable lessons along the way. AVEVA Predictive Analytics allowed our teams to adopt a templated approach that enabled us to quickly deploy the solution in other sites, ensuring high time to value and fast ROI”
Mohd Nazrin Zaini, Senior Engineer (Rotating Equipment), PETRONAS
Goals
- Improve reliability of the rotating equipment in plants
- Reduce downtime at both onshore and offshore facilities
- Boost operational efficiencies and output
Challenges
- Refineries were at risk of critical equipment failure
- Lack of information to warn of impending problems
AVEVA Solution
- AVEVA™ Predictive Analytics
- PI System™
Results
- Saved $17.4M (RM73.1M) in the first year as a result of reduced unplanned downtime, from 51 warnings, of which 12 were considered high-risk
- Delivered 14x ROI within the first year
- Increased uptime as a result of the 51 avoided lost-time incidents
- Safer working environment
- Increased asset utilization, via the identification of underperforming assets and pre-emptive improvement actions
- System expansion using cloud across 10 new sites with more planned
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