Alyeska Pipeline
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Alyeska is a mature pipeline services company with a mix of assets operating in a remote and unique environment. Over the years, the organization has followed good asset management practices which includes investments in Reliability Centered Maintenance studies. The energy transition that is underway means a very significant shift away from fossil fuels. This has driven changes in asset investment decisions, regulatory requirements, and how organizations like Alyeska invest in technology like artificial intelligence. These mega-trends impact asset management. As such, Alyeska needs to make decisions over:
- How to compete as a mature organization with aging assets
- OpEx asset lifecycle spend and CapEx planning
- How to reduce their carbon footprint
Alyeska’s reliability team planned the next steps on the path to achieve these future outcomes.
- Step one was to generate a discrete list of under-performing assets, with quantified opportunity cost and measurable asset risk exposure
- Step two combined existing data sources to establish a more complete context of the asset which enabled correlations that were previously difficult or impossible to make
- Step three leveraged existing RCM studies and operationalized the resulting strategy to monitor compliance, watch for emerging threats, and changes to the risk profile
In a recent presentation at the IMC Conference, Alyeska presented use cases on how Itus APM provides a lucid view of asset cost, risk, and performance. The presentation demonstrated how the solution enabled a defensible decision to remove 10% of cost from the maintenance budget and exposed failure risk that would have otherwise gone undetected. The solution identified under-performing assets and a process to remediate them. With the implementation of operationalized asset strategies, the stage is set for continuous improvement as equipment ages and business objectives shift.