A mindset shift in operating safe, reliable and profitable ageing assets
Quinton Crew A * and Tim Wall AA
Quinton leads dss+’s Oil, Gas and Energy practice in Australia, specialising in helping clients achieve significant and sustainable cost reductions. His 20-year career in the natural resources sector includes 9 years at BP, where he gained extensive experience in operational efficiency, cost management and large-scale transformation programs. He brings a practical, results-oriented approach to helping clients optimise their operations. |
Tim Wall is a Senior Advisor at dss+, bringing over 40 years of global leadership experience across the oil, gas and manufacturing industries. Most recently, he served as President Global Manufacturing and HSE for the Incitec Pivot Group, and previously as General Manager, Manufacturing at Caltex Australia. His extensive career includes over 25 years in senior roles with BP in Australia and the UK. Tim has a proven track record of delivering transformational outcomes in culture, risk management, operational excellence and ESG/sustainability at both the Company Director and Global Executive level. |
Abstract
Ageing oil and gas infrastructure, responsible for over 70% of global production, faces increasing economic pressures. Ensuring the safe, reliable and profitable operation of these assets is crucial for meeting current energy demands while the world transitions to cleaner energy sources. A common misconception is that older assets are inherently less reliable and more costly. In reality, their simpler, more robust equipment and extensive performance history offer opportunities for highly effective maintenance strategies. This inherent advantage can be leveraged to create a competitive edge. This abstract presents dss+’s integrated asset integrity and reliability framework, outlining key strategies for maximising the value of mature assets. These include safety and production-critical equipment strategies, asset life extension risk assessments, optimised maintenance and reliability processes, turnaround excellence and continuous improvement methodologies. Case studies will demonstrate how dss+ has partnered with oil and gas companies to achieve significant results, including a 50% reduction in corrective maintenance, improved mean time between failure, enhanced operational stability and reduced unplanned shutdowns, leading to increased revenue.
Keywords: ageing assets, asset integrity, asset management strategy, asset strategy, life extension, maintenance strategies, operational efficiency, preventative maintenance, reliability, safety.
Quinton leads dss+’s Oil, Gas and Energy practice in Australia, specialising in helping clients achieve significant and sustainable cost reductions. His 20-year career in the natural resources sector includes 9 years at BP, where he gained extensive experience in operational efficiency, cost management and large-scale transformation programs. He brings a practical, results-oriented approach to helping clients optimise their operations. |
Tim Wall is a Senior Advisor at dss+, bringing over 40 years of global leadership experience across the oil, gas and manufacturing industries. Most recently, he served as President Global Manufacturing and HSE for the Incitec Pivot Group, and previously as General Manager, Manufacturing at Caltex Australia. His extensive career includes over 25 years in senior roles with BP in Australia and the UK. Tim has a proven track record of delivering transformational outcomes in culture, risk management, operational excellence and ESG/sustainability at both the Company Director and Global Executive level. |
