These services will be performed by Bumi Armada supported by Plant Asset Management, the asset performance management consulting business within Petrofac.
Following on from their long track record of MMS services for FPSO projects, Petrofac was selected to perform these services for the Armada Kraken FPSO. Converted from a Suezmax ice class tanker, the FPSO will be deployed in the East Shetland Basin. The Kraken field development is one of the biggest heavy-oil field projects currently under development in the UKCS.
The scope of work includes development of an integrated risk-based maintenance programme, associated repair/replacement strategies and spares holdings. Recognising the potential value and cost savings to be achieved, Plant Asset Management will apply its systematic methodology to rationalise spares holdings with the express aim of ensuring effective cost control when owning, stocking and maintaining equipment spares for the life of the asset. Spares and inventory rationalisation is an area where the business is delivering true value and bottom line impact for its clients.
BuildME, Plant Asset Management’s proprietary asset management programme development platform will support the project. It will provide a controlled environment in which to develop the asset hierarchy, assign maintenance, conduct the criticality assessment and spares analysis, and build bills of materials.
Business Manager (Europe) of Plant Asset Management, John Morrison, commented: "We are delighted to have secured this work, which will be executed and delivered by adopting a close partnership agreement with our client that optimises the combined skills of Plant Asset Management and Bumi Armada personnel in Kuala Lumpur to provide a high quality, cost effective solution. We look forward to the successful delivery of this project and believe that this will establish a great basis for a long term ongoing relationship with Bumi Armada."
