Turnaround and maintenance leaders are faced with pressure to streamline operations and deliver effectively in a difficult to manage and unpredictable climate. Amid outdated technology, siloed data, and increasing regulation, there is a lack of visibility and agility needed to achieve operational excellence.
It can take years to plan and schedule a refinery turnaround. An hour or day of time lost during a shutdown costs the organization millions of dollars. With aging infrastructure, there is more planned maintenance and outages required each year, making it critical to execute effectively at all phases of a turnaround.
According to estimates from Industrial Information Resources (IIR), U.S. refiners will increase planned maintenance spend by 38.5% to $1.26 billion in 2018.
This is why leading oil and gas companies are undertaking digital initiatives, realizing the value of technology to streamline shutdown processes, empower project management, and reduce risk from project slippage.
Mckinsey research finds that the effective use of digital technologies in the oil and gas sector can reduce capital expenditures by up to 20 percent and cut operating costs by 3 to 5 percent.
The average big oil company could realize $1 billion in cost savings or production increases by deploying technologies that exist today. - McKinsey & Company
Leveraging a digital transformation platform that automates turnaround tasks and provides a central platform for project intelligence enables organizations to:
Digital transformation is disrupting the energy industry on all facets and delivering big change to productivity and outcomes. One of the nation's largest oil refiners delivered a turnaround application in just 6 weeks to streamline turnaround processes across 7 refineries, leading to improved efficiency, reduced risk around critical issues, and multi-million dollar cost savings.
One of the U.S.'s largest oil refiners realized multi-million dollar cost savings with one turnaround across seven refineries.
Oil and gas organizations are embracing digital technologies to transform operations, drive down costs, and unlock opportunities in the value chain. A digital platform lays the foundation to orchestrate processes, leverage RPA, and embed artificial intelligence to deliver game-changing results.
Explore how a platform that automates processes, provides collaboration, and enables mobility delivers turnaround execution excellence. Visit our resource center for energy and utilities.
Appian is a software company that automates business processes. The Appian Platform includes everything you need to design, automate, and optimize even the most complex processes, from start to finish. The world's most innovative organizations trust Appian to improve their workflows, unify data, and optimize operations—resulting in better growth and superior customer experiences.