Case Study: Leading Canadian Oil & Gas Company extends FPSO life with ARMS Reliability’s OnePM®

Major Canadian oil & gas company extends life of operations with greater efficiency and reduced costs through OnePM

A leading Canadian oil & gas company turned to ARMS Reliability for help with an offshore FPSO that was spending 50% more on maintenance than comparable platforms and was nearing the end of its 20-year design life. The company needed a way to optimize maintenance while meeting C-NLOPB regulatory requirements, reducing risk, and controlling costs.

ARMS Reliability implemented its OnePM®-powered Asset Strategy Management approach to assess maintenance gaps, optimize strategies for nearly 48,000 assets, standardize equipment strategies, and forecast budget and labor needs. The result was a maintenance plan that supports another decade of operation, lowers costs versus the existing strategy, and gives the customer clear evidence for regulators along with ten-year labor-hour forecasts that improve planning and resourcing.