Oil, Gas & Petrochemical Solutions
Venturing into new territory.
Ventyx understands that market forces drive oil and gas organizations to explore and produce in increasingly remote areas that require vast capital investment.
Exploration & Production: Exploration and production becomes increasingly difficult as time goes on. The reserves found today can only be tapped with vast amounts of capital investment and advanced technologies. It’s also increasingly difficult to find skilled staff in these remote areas to maintain these assets. Recent catastrophic failures have cost some organizations hundreds of millions of dollars and caused significant damage to the environment and corporate reputations. Companies need systems in place to minimize the risk of failure by leveraging preventative maintenance techniques.
Refining: With aging refineries, low investment in new plants, and tightening maintenance budgets, refining operations are in a precarious position. Organizations in the refining industry need systems and techniques that allow them to inspect the condition of assets, assess criticality, and report on budget effectiveness.
Petrochemical: With tightening maintenance budgets, organizations in the chemical industry need systems and techniques that allow them to inspect the condition of assets, assess criticality, and report on budget effectiveness.
Oil, Gas & Petrochemical Products
Key Oil, Gas & Petrochemical Challenges
Ventyx can help oil & gas organizations address the following challenges:
- Exploring and producing in remote areas - Oil and gas organizations face unique challenges in maximizing the productivity of their assets and workforce when exploring and extracting product in remote and isolated areas
- Access to skills and workers - Organizations face the dual threat of an aging distribution infrastructure and a lack of skilled workers
- Governance, risk and compliance - Maintaining regulatory, service reliability and safety compliance is a constant issue for oil and gas organizations that are heavily regulated
- Operational efficiency - Maintaining increasingly complex equipment makes it difficult to ensure operational efficiency across the organization
- Reliability management - Many oil and gas companies are looking to move from reactionary maintenance to preventative approaches to minimize the risk of asset failure
- Maintaining aged infrastructure - Organizations must continually audit, inspect and monitor the technical condition of aging refining assets to ensure their continuous uptime.
Oil, Gas & Petrochemical Solutions
|Enterprise Asset Management (EAM)|
Maximize the performance of your physical assets over their entire lifecycle, ensuring asset availability and reliability while reducing operational costs and risk.
Ventyx Enterprise Asset Management solutions provide a full, clear view of an organization’s asset infrastructure and the workforce maintaining it. Our capabilities extend beyond traditional production assets. With Ventyx, you can manage multiple asset types and still have one clear view of the entire asset infrastructure. Key benefits include:
Focus on increasing asset availability through our suite of equipment reliability solutions. Identify the critical-asset functions, failure modes, failure causes and failure consequences to determine the appropriate preventive maintenance strategy to prevent or mitigate failure.
Improving performance while managing costs effectively is dependent on equipment reliability and asset health. Proven maintenance strategies—including preventative and predictive programs, long-term asset management, and the ability to measure a program’s performance—are essential to optimizing asset reliability and operation performance. Key Benefits include:
Enhance the efficiency, productivity and safety of plant operations by achieving a consistent, organized and integrated approach for all plant-related operational processes.
Managing routine duties in a complex operations environment demands a comprehensive strategy. Ventyx solutions for operations management enable plant operators and maintenance personnel to optimize performance around plant-specific procedures and processes. Key benefits include:
|Mobile Work Management – Asset Service|
Improve workforce safety and productivity by delivering critical information to the technicians when they need it to make better informed decisions. Improve governance and reporting by capturing data at the point-of-performance, eliminating time-consuming paperwork and double data entry.
Asset intensive organizations service and operate their assets in the field, where they live. This workforce is often distributed across vast distances, or in remote and dangerous locations, and exposed to volatile conditions. Ventyx solutions provide unique mobile business applications that take asset management and business processes to the work site to automate processes and to safely and efficiently perform inspections, maintenance and repairs.
Identify the optimal holdings of every stock item by analyzing its usage patterns and criticality with our intelligent, predictive software solutions. Or use our intuitive, graphical parts catalog to help you always find the right part, right away.
Understanding parts management and inventory optimization plays an important role in an organization’s success – particularly in relation to mission-critical assets. The challenge is how to best balance inventory levels. Ventyx Parts Management is the most effective way to reduce inventory while protecting against the risk of stock-outs. Key benefits include:
|Asset-Intensive Enterprise Resource Planning (ERP)|
Asset intensive industries managing skilled workforces in remote and dangerous locations and capital-intensive commercial operations require specialist Enterprise Resource Planning (ERP) solutions focused on the unique challenges faced by asset intensive industries.
Asset intensive industries tend to focus more on the complex plants and equipment they use than the products they produce. Any interruption due to plant or equipment failure can result in lost production that may be unrecoverable. The enterprise asset management components of the ERP software are as important as material requirement planning components for a manufacturing organization. Asset-intensive ERP has been specifically designed to maximize asset productivity and help prevent equipment failure that can lead to lost revenue and safety and environmental risks. Key benefits include:
|Business Intelligence & Analytics|
Make better decisions by capturing and aggregating the rich data held within software systems across your enterprise with pre-packaged analytical tools built on the KPIs which matter most.
To improve strategic and tactical decision making, management need greater insight and visibility of all aspects of the operation – from the effectiveness of its staff to the performance of its plants and equipment. Ventyx Business Intelligence captures and aggregates rich data held across disparate software systems. Easily tailored for individual users or user groups, Ventyx Business Intelligence compiles the industry's best business practices into pre-packaged solutions to enable companies to more effectively monitor and manage their distributed assets on a real time, near-real time, and event-driven basis. Key benefits include:
|Energy Market Intelligence|
Gain a better understanding of the market landscape with access to rigorous market data and research that provides intelligence on power, fuels, generation, environmental and transmission. Leverage this data into your own planning with advanced analytics.
Because having high quality data is essential to our clients, Ventyx provides investment-grade historical data and analysis, assembled with the industry’s most rigorous data collection and proofing procedures. In addition, our expertise enables us to model data and perform thorough research to enhance or extrapolate data where available sources are incomplete or nonexistent. Most importantly, customers are easily able to access this data to make it actionable. This solution includes:
Click on a logo to learn more about a featured customer. View all customers »
Ecopetrol - Colombia's largest integrated oil company - is among the top 40 oil companies in the world and the four largest oil companies in Latin America. Besides Colombia, where it accounts for 60% of total production, the Company is involved in exploration and production activities in Brazil, Peru and the US Gulf of Mexico. Ventyx helps Ecopetrol manage over 300,000 assets.
Woodside is one of Australia’s top ten companies by market capitalisation, and the nation’s largest publicly-traded oil and gas exploration and production company. Based in Perth, Western Australia, Woodside has major operational assets and exploration and development interests in five continents including Australia and the United States.
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Oil & Gas Resources
Everything you need to become an expert on asset intensive industries.
- McDonnell Group: Optimizing Deployment of Next Generation Maintenance Strategies (Research)
- Principles for Success - Enterprise Operations Management (EOM) in the Chemical, Oil & Gas Industry (Whitepaper)
- The Path to IFRS Compliance (Whitepaper)
- Top 5 Challenges in Parts Inventory Management (Expert Series)