Oil, Gas & Petroleum
Oil & Gas, Segmented
The Oil & Gas industry is one of the largest sectors in the world in terms of dollar value, generating an estimated $5 trillion in global revenue as of 2022. Oil is crucial to the global economic framework, impacting everything from transportation to heating and electricity to industrial production and manufacturing. Oil & Gas production is a multi-stage process that covers discovering a resource, transporting it to a refinery and turning it into a finished product ready for sale from start to finish.
Engineering Industries eXcellence works with companies across the Oil & Gas production lifecycle to help them design and implement digital solutions that optimize operations, increase business output and streamline processes across their supply chain. Our global team of Oil & Gas experts also has experience working with the manufacturers of the components, equipment and solutions utilized by Oil & Gas companies to execute their highly-complex exploration, extraction, blending, transfer, refining, transportation and distribution activities. We work with:
- Upstream, or exploration and production (E&P) companies, responsible for finding reservoirs and drilling oil and gas wells.
- Midstream companies responsible for oil and gas transportation from wells to refineries.
- Downstream companies responsible for refining oil and gas and selling the finished products.
- Drilling companies that contract their services to E&P companies to extract oil and gas.
- Well-servicing companies that conduct continuous construction and maintenance activities on oil well sites.
- Component and equipment manufacturers who produce and supply the hardware needed to drill, extract and process oil and gas.
Industry Challenges
The world continues to rely on Oil & Gas production for power and other critical products. However, increasing competition from alternate energy sources is challenging the industry to stay agile and cost-efficient. The demand for energy is not dropping. Now, it is up to smart Oil & Gas operators to improve productivity and meet the demand while meeting regulatory compliance and keeping operating costs at the minimum. As a result, we see growing investment in the adoption and integration of advanced digital technologies that enable Oil & Gas leaders worldwide to optimize costs, resource utilization, operational throughput and supply chain processes while prolonging the investment in their high-value assets.
Our Industry Solutions
1. Industry 4.0 Assessment
Investment in digital transformation is not a new topic in the Oil & Gas industry. At the same time, many Oil & Gas leaders struggle to understand what solutions need to be put in place, what priorities should be and how solutions will drive tangible value in line with their business goals. We partner with enterprises trying to navigate the complexities of the digital landscape across different systems, business units and technologies. Our Industry 4.0 assessments aim to deliver a comprehensive analysis of a company's existing digital ecosystem as well as a unique solution maturity roadmap and implementation plan to help them achieve their vision for Industry 4.0.
- Company Business Drivers & Stakeholder Workshops
- Business & Functional Requirements Gathering
- Cross-System Review (Gaps & Capabilities)
- Cross-Process Mapping (Gaps & Capabilities)
- Software Solution Maturity Model
- Implementation Plan & Timeline
- Software Vendor Selection Services
2. Simulation & Decision Science
Since commissioning of new facilities, products and processes is often extremely costly and capital-intensive in the Oil & Gas industry, applying simulation methods to identify improvements and solve complex challenges related to operations and supply chains can improve decision-making and yield enormous benefits. Our Simulation & Decision Science solutions utilize advanced analytics, system dynamics modeling, discrete event simulation and agent-based simulation methodologies to help organizations study and optimize their processes, eliminate inefficiencies and leverage data to solve problems, gain insights and make the best decisions for the business.
- Site/Plant/Warehouse Layout Design & Improvement
- Manufacturing/Assembly/Process Design & Improvement
- Supply Chain, Resilience & Risk Assessment Studies
- Logistics, Kanban & Supply Chain Optimization
- Ergonomics & Safety Optimization Studies
- Production Optimization & Sequencing Studies
- Energy Consumption & Sustainability Optimization
3. Enterprise Asset Management (EAM)
One of the most important decisions that an asset-intensive enterprise must make is how it manages and cares for its critical assets and infrastructure. This decision affects everyone in the organization, from plant operators to engineers to executives in the C-suite, not to mention the bottom line. We partner with oil and gas drilling and servicing companies of all shapes and sizes to help them identify and implement the best asset management and maintenance strategies as well the right technology solutions to support them.
- Capital Asset Lifecycle Management (CALM)
- Capital Asset Project Engineering Management (CapEM)
- Intelligent Asset Management
- Asset Performance Monitoring (OEE & KPIs)
- Asset Maintenance Management (Condition-Based, Predictive, Prescriptive)
- Field Service Management (FSM)
- Industrial Internet of Things (IIoT)
4. Manufacturing Operations Management (MOM)
Manufacturers across the Oil & Gas supply chain produce and deliver high-value, critical components and machinery to Oil & Gas drilling and services companies dependent on them for operational continuity. Manufacturing Operations Management, or MOM, is a collective set of methodologies and systems that we specialize in and deliver to help companies manage the end-to-end production process with a view to optimizing efficiency. By implementing solutions that digitalize and synchronize production planning, production execution, quality control and data collection in an integrated way, our MOM solutions drive speed and quality across Oil & Gas production and assembly processes, from start to finish.
- Production Planning & Scheduling
- Manufacturing Execution Systems (MES)
- Digital Work Instructions & Operator/Assembly Support
- Manufacturing Quality & Statistical Process Control (SPC)
- Manufacturing Intelligence & Reporting
- Integration to Product Lifecycle Management (PLM) Systems
- Integration to Enterprise Resource Planning (ERP) Systems
5. Field Service Management (FSM)
In order to run their operations smoothly, Oil & Gas production companies are required to periodically inspect and maintain a multitude of critical equipment and machineries, which are, no matter how high-quality, still subject to failure and breakdown. Our digital solutions for Field Service Management (FSM) are designed to help organizations increase the efficiency of their operations, streamline maintenance processes and prevent costly downtimes. Appointment-centric and asset-intensive industrial enterprises can greatly benefit from the adoption of digital Field Service Management (FSM) solutions to increase efficiency and service quality levels, while reducing or avoiding costs at the same time.
- Field Work Order Scheduling & Optimization
- Mobile Application for Field Workforce Support
- Emergency Field Service Dispatching
- Asset Maintenance Management
- Field Service Workforce Management
- Geographic Information System (GIS) Integration
- Artificial Intelligence (AI) & Augmented Reality (AR) Integration
Engineering's Advantage
By focusing on these core concerns, Engineering Industries eXcellence has helped leading Oil & Gas companies across the globe advance greatly along their digital transformation journeys. Our solutions for this industry are holistic, flexible and engineered-to-purpose, resulting in a reliable and cost-effective digital ecosystem that can be rapidly deployed across the Oil & Gas value chain. By connecting equipment, operations, people and supply chains with real-time access to data for better product and process management, our solutions have enabled Oil & Gas enterprises improve their performance visibility, process control, operational efficiency, compliance and profitability.
Interested in speaking to one of our Oil & Gas experts? Contact us at info@indx.com.
