Challenges
The top oil and gas company in Thailand faced challenges in maintaining oil pipelines located in remote offshore drilling rigs in the Gulf of Thailand. Traditional maintenance methods, which relied heavily on helicopter inspections and manual interventions, were costly and time-consuming. Additionally, the harsh offshore environment posed safety risks for maintenance personnel, while limited visibility into pipeline conditions hampered proactive maintenance efforts. The company sought a cost-effective and efficient solution to optimize pipeline maintenance and improve operational efficiency.
Our Solution
Stream was engaged as a consulting firm to develop a comprehensive master plan and solution concept for predictive maintenance (PdM) 4.0. Leveraging IoT technologies and industry expertise, we designed a solution that revolutionized pipeline maintenance practices. The key components of our solution included:
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- IoT-enabled Monitoring: We deployed IoT sensors and measurement equipment on oil pipelines to continuously monitor key parameters such as pressure, temperature, and flow rate in real time.
- Explosion Protection Standards: Our solution adhered to stringent explosion protection standards mandated by the oil industry, ensuring safety and compliance in hazardous environments.
- Predictive Maintenance Strategy: By leveraging data collected from IoT sensors, our solution enabled predictive maintenance, allowing the company to anticipate equipment failures and proactively address maintenance needs.
- Integration with ERP Systems: We integrated our IoT solution with the company’s ERP systems to enable better maintenance planning, resource provisioning, and seamless workflow integration.
- Cost Reduction: Through the adoption of IoT-based predictive maintenance, the company was able to significantly reduce the reliance on costly helicopter inspections and manual interventions, resulting in substantial cost savings.
Key Achievements
Stream’s innovative IoT and analytics solution enabled the top oil and gas company in Thailand to achieve significant achievements:
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- Cost Reduction: By transitioning from helicopter inspections to IoT-based predictive maintenance, the company realized substantial cost savings in maintenance operations.
- Improved Safety: The deployment of IoT sensors reduced the need for manual interventions in hazardous environments, enhancing safety for maintenance personnel.
- Enhanced Operational Efficiency: Real-time monitoring and predictive maintenance capabilities improved operational efficiency, minimizing downtime and optimizing resource allocation.
- Compliance and Standards Adherence: Our solution adhered to industry-specific explosion protection standards, ensuring compliance with regulatory requirements.
- Data-driven Decision Making: Integration with ERP systems enabled data-driven decision-making processes, facilitating better maintenance planning and resource allocation.
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Overall, Stream’s IoT and analytics solution empowered the top oil and gas company in Thailand to transform its pipeline maintenance practices, achieve cost savings, enhance safety, and drive operational excellence in offshore drilling operations.
