Chemical, Oil & Gas
Prevent incidents, manage risks and avoid business interruption
Chemical, Oil and Gas (COG) companies are facing tremendous pressure to demonstrate they have exercised their duty of care by providing a safe and reliable operation.
The need for a proven path to operational excellence has never been greater, especially as organizations face more demanding challenges to prevent incidents, reduce the risks associated with operating complex facilities and avoid business interruption.
Ventyx solutions help COG companies manage their operational risks with confidence, ensuring safe and reliable production. Our sustainable solutions provide a holistic view of the critical information to make timely business decisions that improve the control of major hazard risks and improve overall operational integrity.
Chemical, Oil & Gas Products
Ventyx solutions help chemical, oil and gas companies address the following challenges:
- Maximize operational performance and return on assets.
- Avoid business interruption.
- Efficiently maintain aging infrastructure.
- Comply with demanding regulatory requirements.
- Provide a safe and reliable operation.
Chemical, Oil & Gas Solutions
|Process Safety Management (PSM)|
Ventyx PSM solution delivers comprehensive safety monitoring insight to ensure operational integrity. It enables organizations to relate functional safety specifications to operational conditions to near real-time line of sight to “as is” versus “as designed.”
Our solution provides context into disparate data that is derived from data historians, real-time automation, control systems, siloed business systems and transactional enterprise systems, such as Enterprise Asset Management (EAM) and Maintenance Management to provide a holistic view of operational risk across your layers of protection.
Ventyx PSM solution creates value by automating multiple manual work processes and continuously monitors protection layers to proactively reduce the risk of incidents. By using intelligent dashboards, the solution not only presents information, but also provides the tools and capabilities to take aggressive action and drive work processes to restore layers of protection before they fail.
|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 preventive 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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- How Intelligent Knowledge Systems Will Improve Operations and Safety in the Future (by Andrew Soignier, VP, Ventyx)
- 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)