Oil & Gas: End-to-end project and asset lifecycle management

IFS Cloud Enterprise Asset Management (EAM) enables O&G companies to support all stages of asset and project lifecycles, from planning to implementation, through to decommissioning. Along with safety and environmental considerations, O&G organizations rely on IFS to help minimize disruptions while optimizing productivity.

This executive summary covers the three stages of successful asset lifecycle management:

• Planning to define areas of improvement—with measurable success metrics—that support the goals of the business.
• Implementing with a real-time view on performance, with anomalies quickly detected and flagged for immediate intervention, while predictive maintenance and scheduling capabilities eliminate unplanned downtime.
• Decommissioning (off-boarding, transferring equipment and assets that are no longer needed, etc.) with detailed digital records of associated asset costing and performance data to expedite transfers.