My Car Has Predictive Analytics, Why Shouldn’t My Refinery?

Posted: October 23, 2018

Oil and Gas

My Car Has Predictive Analytics, Why Shouldn’t My Refinery?

When I bought my first car, I thought (naively) ‘perfect, pay for capital cost and done’. What I didn’t realize was how much work (and $$$) went into making sure it didn’t fail! I followed dealer best practices with oil changes, tire rotation, brakes and rotors, etc. Sure, as it aged, there was no stopping some failures. But the reason I kept up with regular maintenance was to get more time out of my asset. It’s expensive to buy a new car; it had to last as long as my monthly payments, and hopefully, longer.

Refineries and chemicals plants are cars on steroids! Much more complex with a much greater potential for failure. In addition to lost profit from downtime, is the possibility of a safety incident with injury to property and personnel. The U.S. Department of Energy reports one U.S. oil/chemical incident per day incurs on average an estimated cost over $2MM USD per incident. Or in terms of my first car, 100 Chevrolet Cavaliers!

Predictive Asset Analytics can provide early warning notification and diagnosis of equipment issues days, weeks or months before failure. Predictive asset analytics helps asset-intensive organizations reduce equipment downtime, increase reliability and improve performance while reducing operations and maintenance expenditures.

Predictive-Analytics-Diagram_English_05-19As the world leader in gases, technologies and services for industry and health, Air Liquide serves more than 3.5 million customers and patients by delivering the essential molecules for life, matter and energy—oxygen, nitrogen and hydrogen. From an operational point of view, Air Liquide has many plants across the US. Some are too small to have personnel onsite. They are run remotely using the enterprise data coming into a centralized site from each facility. From there, predictive analytics is used to compare current performance against historical trends, rules based logic is applied and alarms will sound when a process or equipment is outside the normal range of operation or compliance. Back to my car analogy, it’s like when my dashboard tells me I have low pressure in a rear tire without me having to manually check the pressure of each tire hourly, and then comparing it to normal operation, applying a range-based rule and alerting the driver if necessary. I’m going to fix that low pressure before something drastic and costly happens.

Having a Predictive Maintenance strategy can help asset intensive organizations increase asset performance, reliability and availability to ultimately maximize economic return. Watch here to learn more on how Air Liquide derives real value (to the tune of more than $500K) to detect equipment failures before they occur and prevent unscheduled system downtime.

Watch now.

author
Written By
Livia Wiley

Livia Wiley is the Director of Industry Marketing at AVEVA. As AVEVA’s chief advocate to industry, she helps define the marketing strategy of AVEVA’s offerings for both established industry markets (oil & gas, chemicals, power, mining) and new growth verticals (hybrid, infrastructure, water, renewables). Livia uses her more than 20 years of experience in process and marketing automation and optimization to provide thought leadership and industry-specific content that helps drive significant business value for AVEVA’s partners and customers. Livia holds a B.Sc. in Chemical Engineering from Queen’s University, and a M.Eng in Chemical Engineering from the University of Houston.

Sign up for our newsletter and get all the latest information straight from the source.

See how APM 4.0 drives measurable and immediate results to your bottom line. Get Connected

Related Blog Posts

Stay in the know: Keep up to date on the latest happenings around the industry.

Oil and Gas
Parenting Changes How We Work, so Why Doesn’t Digital Transformation?

AVEVA accelerates our customer’s Digital Transformation journey by empowering all personnel with the right technologies and training to transform work.

Oil and Gas
When Digitalization and Transformation are not Enough: Accelerate.

Market-disrupting industrial organizations differentiate themselves by transforming business through innovating and accelerating past the competition.

Oil and Gas
Optimizing my Refinery Blend is Much Harder than Baking Cookies

Refinery products are blended to get final products with desired quantity, quality and schedule specifications. However, rigorous planning, scheduling and ...

Oil and Gas
3 Steps to Maximising Pipeline Integrity

Ageing infrastructure is posing huge challenges for pipeline operators in keeping their pipelines running optimally and profitably in the face of increasing ...

Oil and Gas
How Can Predictive Analytics Reduce Unplanned Downtime in Oil and Gas Production?

Production can increase either by developing new fields or improving asset uptime in existing fields, but asset downtime due to facility maintenance – planned ...

Oil and Gas
My Car Has Predictive Analytics, Why Shouldn’t My Refinery?

Rebroadcast of Air Liquide's experience with predictive analytics and AVEVA

Oil and Gas
How Digital Transformation in Engineering and Design boosts Project Profitability

Low oil prices had sanctioned almost every large Exploration and Production (E&P) projects in the oil and gas industry. Today, with the recent recovery of oil ...

Oil and Gas
The Price of Optimizing Your Process Is Asset Reliability

Predictive maintenance (PdM) strategies enable front-line personnel to act before costly failures occur and maximize value throughout the entire asset ...

Oil and Gas
How Closed-loop Operations Enable Digital Transformation of Oil and Gas Fields

Today, the advancement in technology – cloud platform, analytics and computing power – is revolutionising the way how companies can leverage big data and ...

Oil and Gas
How Pipeline Operators are Working to Improve their Asset Reliability

Asset reliability is a key component of an overall asset performance management strategy. And it plays a big part in helping midstream oil and gas operators ...

Oil and Gas
Maximizing Midstream Profits with OT IT Convergence

Historically midstream oil and gas organizations have kept two critical functions within their businesses almost entirely separate – IT and OT. One of the ...

Chemicals
Operational Excellence: Likely the Most Overused Term in the Process Industries

Operational Excellence isn’t achieved overnight. It is a methodology that takes a commitment to focusing on continually improving the process, and its ...

Oil and Gas
How Virtual Reality Compresses Operators Learning Curve in Oilfields

Unlike a traditional classroom environment, the VR immersive training system facilitates interaction between equipment and environment and scenario simulation ...

Oil and Gas
How Advanced Analytics improve Margins at Natural Gas Processing plants?

mproved fracking technology in oil and gas fields is creating an unprecedented boom in natural gas production, exerting tremendous pressure on natural gas ...

Oil and Gas
Implementing a tiered methodology for pipeline integrity significantly improves business’ chances of preventing leaks

With pipeline operators facing increased scrutiny as of late, the conversation must shift to pipeline integrity. Pipeline integrity encompasses three methods: ...

Oil and Gas
Digitizing the Mobile Workforce

The front-line opportunities to improve plant reliability, safety, and profitability are infinite. Value lies in digitizing the mobile workforce.

Oil and Gas
Why IIoT in Refineries Now?

IIoT in refineries is trending fast and promises great short and long-term results, allowing for smoother refinery optimization.

Oil and Gas
IIoT: Acting on All Big Data

The importance of IIoT, big data and closed-loop operations to bridge the gap between unused data and profitability in refineries.

Oil and Gas
Strategic Implementation of IIoT in Refineries

Delivering Closed Loop Business Operations for the Refinery Enterprise with Schneider Electric Software. Strategic Implementation of IIoT - Refineries.

Oil and Gas
How are you minimizing risk throughout the three phases of pipeline integrity?

Pipeline integrity includes three phases: prevention, detection, and mitigation, which together minimize the chances of a leak and the ensuing repercussions.

Oil and Gas
IIoT: Three Trends Impacting Upstream Producers

Many producers have started looking to IIoT to help them navigate through the digital evolution and create a competitive edge for their operations.

Oil and Gas
How the Internet of Things has Influenced Midstream Pipeline Operations

IoT Internet of Things has provided increased ability to connect, measure and analyze variety of behavioral statistics for midstream pipeline operations.

Oil and Gas
How Big Data and Analytics increase Production Asset Uptime in Oil Fields?

Oil companies must continue to make investments in improving operational efficiencies to sustain and improve their profitability.

Oil and Gas
How Digitalization of Process Design and Operations boosts Profitability in Ethylene production

Learn how to apply impacting digital technologies in ethylene production plant design and operations for higher profitability.

Chemicals
You Must Cross That Bridge Now; Not When You Get to It

A successful Unified Supply Chain and Operations Execution Management solution is a fully functional, bi-directional communicative interface between supply ...

Oil and Gas
Advanced Contractual Risk Management

Reducing cost of capital needed to fund large capex projects

Oil and Gas
China HQCEC uses AVEVA Solutions to Design World’s Largest Coal Liquefaction Construction Plant

Situated in the hi-tech heart of China’s Ningdong Energy Chemical Industry Park, the world’s largest indirect liquefaction processing facility covers 2.8 ...

Oil and Gas
How Digital Operations Management Improves Profitability in this Challenging Oil and Gas Environment

Learn how digital operations management framework enables refineries and petrochemical plants to optimize profitability.

previous next

Sign up for our newsletter and get all the latest information straight from the source.