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Solution Brief
Today’s oil and gas companies are on a quest for operational An integrated foundation for improved
excellence to improve safety, reliability and compliance while operational intelligence
controlling costs and making better operational decisions. Success Built on a service-oriented architecture, Maximo for Oil and Gas
depends on a number of factors, which include how well they Solution consists of seven key functional areas — work, service,
manage physical assets and human capital, how well they use contract, materials, procurement, asset, and operations
operational intelligence, and how they make use of available data management — bringing together traditionally separate business
and information. functions onto one single, integrated platform.
IBM Maximo for Oil and Gas can help organizations boost
operational intelligence — and realize operational
excellence — with standardization, convergence, collaboration
and the adoption of industry-standard operational practices.
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Figure 1: Maximo for Oil and Gas brings together traditionally separate business functions onto a single, integrated platform, and then adds a layer of industry-
specific functionality to support the unique requirements of the oil and gas industries.
4 IBM Maximo Asset Management solutions for the oil and gas industry
Bringing together traditionally separate business functions onto Benefits and losses
one single, integrated platform enables Maximo for Oil and Maximo for Oil and Gas records and stores benefits associated
Gas to add a layer of industry-specific functionality to support with improvements and losses associated with shutdowns or
the unique requirements of the oil and gas industries. This near-misses. Capturing benefits for proposed solutions or
integrated platform can reduce the number of applications and losses associated with equipment downtime (planned or
redundant data stores, which helps reduce costs while creating unplanned) helps provide insight into areas for improving
a single source of information for use and reference. It enables availability and safety.
collaborative, cross-functional business processes that help
improve efficiency. And with increased collaboration that spans Calibration
functional roles and increased confidence in the underlying data, Calibration processes are automated, which enables traceability
Maximo for Oil and Gas can provide a foundation for improved and can improve compliance management and work planning.
operational intelligence. With the explosion in instrumented devices, being able to view
calibration work with other work helps drive efficiency and has
Driving operational excellence in the oil a positive impact on equipment reliability.
Procurement Solutions
Capabilities to acquire maintenance, repair and overhaul An operational learning repository collects lessons learned and
materials and services are provided to support requests for proven solutions in an operational, maintenance or engineering
quotes, purchase requisitions, purchase orders, receiving orders, context to be used by the operations, maintenance, and
material inspections, invoicing, desktop requisitions and more. engineering domains. The learning repository offers a valuable
opportunity to share institutional knowledge in an environmental
Regulatory compliance context, along with history, scenario and experience.
Maximo for Oil and Gas is designed to help manage efforts to
comply with health, safety, and environmental statutes. Regulators Work management
provide the licensing requirements to safely operate the industry’s Maximo for Oil and Gas provides capabilities for managing
infrastructure, along with requirements that apply to asset and multiple types of work, such as planned downtime, unplanned
equipment in certain locations. Maximo Oil and Gas can help outages and emergencies. These capabilities include job
manage compliance, which can significantly reduce the costs planning and routes, service requests and service items, safety,
associated with compliance. labor reporting, qualifications, lock-out or tag-out, labor,
materials, tools, planning versus actual costing, preventive
Risk analysis maintenance and more.
Maximo for Oil and Gas helps to standardize how an oil and gas
enterprise manages risk for challenging operating locations, assets Work prioritization
and equipment, across job plans, work orders and change records. Matrix-based prioritization helps optimize the planning and
The result is a powerful solution for managing risk and improving scheduling of maintenance by using operational standard criteria
safety and reliability. to prioritize critical assets. This practice enables dynamic
scheduling and schedule optimization, which can help to
improving overall operational efficiency.
Conclusion: Support for a critical industry
Maximo for Oil and Gas provides vital support for a critical
industry that faces complex and evolving issues. Maximo
software provides IoT solutions necessary to collect valuable
knowledge, improve operational efficiency, and manage and
operate mission-critical assets safely and productively. As oil and © Copyright IBM Corporation 2015
gas companies strive for operational excellence in a world that’s IBM Corporation
growing smaller and smarter, Maximo for Oil and Gas helps Software Group
Route 100
provide a competitive advantage. Somers, NY 10589
The client is responsible for ensuring compliance with laws and regulations
applicable to it. IBM does not provide legal advice or represent or warrant
that its services or products will ensure that the client is in compliance with
any law or regulation.
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TIB14011-USEN-01