Cookies help us deliver the best experience on our website. By using our website, you agree to our use of cookies Dismiss

Unnecessary maintenance could be costing £15m per asset, says LR

Victor Borges, Lloyd’s Register’s expert voice on FPSO maintenance optimisation. Victor Borges, Lloyd’s Register’s expert voice on FPSO maintenance optimisation.

Lloyd’s Register (LR) has reported that as much as 40 per cent of maintenance work carried out by Floating Production Storage and Offloading (FPSO) vessel operators is unnecessary. By reducing these unwarranted manhours, operators could save on average almost £600,000 per asset each year, which is equivalent to £15m per asset over its lifetime. 

By applying a risk-based maintenance approach using its Asset Performance Maintenance software, AllAssets, LR found that on average, FPSO operators could be spending 500 manhours per specific equipment group (such as an electric motor supporting a compressor or a centrifugal pump) on maintenance activity that fails to reduce the risk of failure or preserve facility uptime.

The findings have identified room for improvement in the way maintenance is planned, highlighting the need for a consistent strategy across equipment groups, systems and production units. They identified that relying purely on Original Equipment Manufacturer (OEM) guidelines meant that operators were unable to qualify whether maintenance activities were essential, demonstrating that OEM guidelines also don’t take into consideration the ever-changing nature of offshore operations.

As a result of this approach, there is an increased risk of failure as a backlog of maintenance is generated, increasing spend and inappropriately targeting resources.

Victor Borges, Lloyd’s Register’s expert voice on FPSO maintenance optimisation, said: “In an environment that merges both energy and marine assets, FPSO operations are hugely complex. Balancing OEM maintenance guidelines alongside flag, class and country regulations is exceptionally challenging. That, coupled with the tough market conditions we face today, means operators are under more pressure than ever to manage costs and prioritise maintenance activities that reduce risk. Therefore, operators could reap significant benefits from our findings, which highlight areas for improvement in the way maintenance activities are planned.

“There is a perception that implementing the methodologies that can actually help optimise maintenance activities is time consuming, complex, cumbersome and costly. This attitude, however, only drives a vicious circle of tackling small issues, instead of designing a systematic, informed and optimised maintenance strategy. This approach would see operators save significant time and money longer-term.

“To break the cycle of ‘firefighting’, operators need to adopt a risk-based approach to maintenance, allowing them to cut unnecessary spend, free up resources and reduce the maintenance backlog. By understanding the balance between the cost of failure and the cost of maintenance, operators can focus the right resources on the right equipment at the right time.”

Related items

  • DNV GL certifies Hanseaticsoft’s Cloud Fleet Manager Maintenance module

    German-based maritime software provider Hanseaticsoft has announced that its cloud-based planned maintenance solution has been certified by DNV GL, highlighting its compliance with all recognised industry standards. This module was also recently certified by Lloyd’s Register.

  • Zeaborn Ship Management automates IHM maintenance

    After having almost completed the Inventory of Hazardous Materials (IHM) Initial Survey, Zeaborn Ship Management is among the first ship managers to digitise the Inventory of Hazardous Materials Maintenance.

  • LR and the National Physical Laboratory partner on marine autonomy assurance

    Lloyd's Register (LR) and the UK’s National Physical Laboratory (NPL) have teamed up to collaborate on marine autonomy projects to ensure that appropriate levels of service and competence can be achieved within the maritime industry.

    As part of the framework agreement, the two organisations will collectively establish and enhance the current body of knowledge for marine autonomy. This combination of skills, expertise and experience will be built on to bring clarity to the requirements for the assurance of autonomy and assist stakeholders in realising the potential of these systems in the market.

    This will allow standards to be set and consistently applied and will therefore bring surety to risk management and certification for autonomous and unmanned systems and vessels.

    By partnering with NPL, LR will enhance the delivery of its services and assurance in marine autonomy and gain access to a wide range of knowledge and expertise developed in other aligned domains.

    LR and NPL are currently working together to deliver a scope of services to the THEMIS Project, to demonstrate the feasibility for the world’s largest ocean-going autonomous vessel, which is part funded by the Maritime and Port Authority of Singapore’s (MPA) Maritime Innovation and Technology (MINT) fund.

    NPL’s head of Digital, Neil Stansfield, said: “The National Physical Laboratory (NPL) is excited by the opportunities presented in this collaboration with Lloyd’s Register, where the two organisations complementary capabilities are well suited to addressing the challenge of assuring marine autonomous systems. This work represents an important part of the UK’s national programme to deliver confidence in the intelligent and effective use of data, which is being conducted with a range of partners across sectors and with a specific focus on autonomous systems. NPL is applying a combination of measurement skills, expertise and experience, in areas as diverse as sensor characterisation, data quality and AI validation, to support partners in the development of new tests, standards and regulations for the safety of autonomous systems. This collaboration with Lloyd’s Register will help ensure the UK maintains its global leadership in the marine services Sector, where the autonomous shipping sector is expected to represent a global $52bn market opportunity by 2050.”

    Tim Kent, LR technical director for Marine and Offshore said: “This collaboration with the NPL will allow LR to improve our own processes, knowledge and competency to better support our clients with marine autonomy projects. We are delighted to be partnering with NPL given its domain knowledge on autonomy from the connected and autonomous vehicles (CAV) and unmanned aerial vehicle (UAV) domains.”

  • LR awards Digital Twin ready certification to Furuno HermAce

    Furuno Hellas has been awarded Digital Twin Ready certification from Lloyd’s Register (LR) for HermAce, a smart onboard system that collects and monitors data on bridge navigation and communication equipment, actively supporting remote troubleshooting and problem rectifications.

  • New funding to boost VesselMan and Ulysses maintenance system project

    Innovation Norway has provided support for Greek software provider Ulysses Systems Hellas and Norway’s software-as-a-service (SaaS) solutions provider VesselMan to develop an integrated Planned Maintenance System and project management tool for technical projects. The joint project is part of the Greece Business Innovation program.

Joomla SEF URLs by Artio

Login/Register

Register or Login to view even more of our content. Basic registration is free.

Register now

Digital Ship magazine provides the latest information about maritime satellite communications technology, software systems, navigation technology, computer networks, data management and TMSA. It is published ten times a year.

 

Address:
Digital Ship Ltd
Digital Ship - Digital Energy Journal
39-41 North Road
London
N7 9DP
United Kingdom

Copyright © 2020 Digital Ship Ltd. All rights reserved           Cookie Policy         Privacy Policy

x