Oil and Gas

With today’s surging energy demands, oil and gas companies are faced with many new and complex challenges. To succeed in this highly competitive marketplace, oil and gas companies are seeking out new ways to ensure the safety and reliability of their assets and infrastructure, improve operational and plant efficiencies, and optimize supply chain processes.

But the supply chain process has become increasingly complex to efficiently manage, and those involved in production operations, refinery processing or pipeline integrity need to be able to optimize the inventories and performance of their assets, and plan for and respond to disruptions in order to control costs and remain competitive.

Oniqua can help oil and gas operations like yours improve operational efficiencies through greater asset performance. Oniqua Analytics Suite (OAS) is a best-in-class Asset Performance Management solution that leverages advanced analytics capabilities to continuously improve the operational efficiencies and business performance of asset-intensive organizations just like yours.

OAS analyzes the physical assets across your entire inventory, maintenance and procurement operations, then provides you the information you need to make confident decisions, forecast reliable outcomes and achieve greater efficiencies across the supply chain lifecycle.

In fact, Oniqua is helping some of the leading oil and gas companies in the world, including ConocoPhillips, BP and Santos overcome some of their most pressing challenges, including cost containment, aging infrastructures – even the undesirable consequences of unpredictable and fluctuating levels of supply and demand.

Cost Containment

Oil and gas companies are especially feeling the pain of the global economic downturn. The cost of finding and extracting reserves is becoming more expensive, while the returns become less significant. Cost overruns and delays can undermine profitability, and can adversely affect oil and gas companies by reducing the amount of capital available for other projects.

As a result, lowering costs without compromising quality or customer service is a top priority. Truth is, reducing operating costs in the face of fluctuating demand and cyclical pricing can be the only means for some companies to survive. Finding new reserves is not going to get cheaper or easier, but tightening operational costs can help manage the risk. And this means reducing costs all the way through the supply chain.

Read how one global energy giant is rolling OAS across 26 business units around the world, has reduced its working capital associated with MRO by 10% within six months of implementation, reduced inventory levels by at least 10% over the last three years and is expected to achieve a 400% return on its OAS investment.

Aging Infrastructures

Keeping up with demand and meeting environmental regulations is becoming much more difficult as physical infrastructures age and break down. Leading oil and gas companies are looking for new ways to manage risks by identifying, assessing and restructuring distressed assets and operations. If a neglected infrastructure is not addressed in a timely manner, it can pose serious operational and reputational challenges to individual companies as well as the industry as a whole.

In addition to a greater ability to react, OAS helps oil and gas companies put their infrastructure focus where it needs to be – on predictive and preventive measures. OAS helps you optimize your assets by better understanding your current infrastructure and identifying the most critical areas for upgrade, replacement, expansion or retirement.

Fluctuating Supply and Demand

Recent economic events have produced a vicious circle – unpredictable levels of supply and demand create price volatility, which leads to uncertainty in capital planning and an increase in a company's level of risk.

To combat decreasing levels of supply, oil and gas companies are exploring new locations and increasingly operating in unfamiliar environments. But in pursuing operations in previously untested locations, you are likely to face demanding environmental conditions and restrictions, which can adversely affect your physical assets.
A key way oil and gas companies can combat these ill-effects is to focus on the assets that allow them to maximize their efficiencies and minimize the cost of production through the peaks and valleys of supply and demand. For that, many are turning to industry-leading Oniqua.

There has never been a greater need for oil and gas companies to improve the effectiveness of their entire energy value chain. This includes implementing forward-thinking strategies and technologies to address both current and future challenges. Contact us today to find out how OAS and Oniqua’s professional services and support teams can improve your operations by optimizing your assets.