The Oil and Gas Asset Management Revolution
The Oil & Gas industry is facing four critical challenges: reducing costs, improving performance, addressing sustainability requirements, and integrating geopolitical risk.
The industry is vulnerable due to aging infrastructure, reactive maintenance, downtime, and asset underutilization.
Enterprise asset management (EAM) and asset performance management (APM) are game-changers for the industry, addressing these challenges and delivering key outcomes such as asset utilization and optimization, cost optimization, ESG compliance, and digital operations.
Predictive maintenance provides cost reduction, efficiency, and safety benefits for oil & gas companies.
Implementing HxGN EAM puts the industry on the path to asset management excellence and sustainability, aligning with ISO 55000 best practices and addressing public perception and regulatory concerns.