Projects

CASE STUDY – £143,550 on a single project saved using Hub solution

Gas processing module being designed on a brownfield asset as part of life extension project. Single valve to be specified & procured as part of this process. Operator A indicates an average of 275 similar transactions performed per major new project / package delivered.

Define / FEED

  • Engineering team utilised the Hub, searching by relevant property filters to quickly define a list of procurement options (1.5 hour saving – reduction in internal & external correspondence between potentially multiple suppliers, alongside simple access to applicable documentation to allow an expedited decision making process)
  • Quotation was requested from supplier, advising them of requirement for equipment as per TEKNo. in Hub system. (3 hour saving – further significant reduction in correspondence requirements throughout the process)
  • Supplier submitted quotation.
  • Purchaser issued quotation and links to relevant TEKNo. to engineering & design teams for final, expedited confirmation & approval. (1 hour saving – single location for all data for final review)

Execute

  • Purchaser received internal approval to proceed.
  • Purchaser raised PO (with full assurance – based against specific, validated technical data relating to the correct equipment package.)
  • Supplier delivered equipment and directs purchaser to the TEKNo. data already held in Hub, covering & closing out all final deliverables. (2.5 hour saving – single location for all data for documentation control and review / approval)
  • Supplier raised Invoice – process expedited.
  • Purchaser paid supplier – process expedited.
  • Engineering & design teams performed installation and handover to operations alongside simple direction to the TEKNo. data already held in Hub. (1 hour saving – single location for all data for final handover)
Activity UoM # workscopes per new package delivered Time spent (Hours – Existing Process) Estimated reduction [%] Per new package manhours saved Rate Per new package savings (GBP)
Engineering ID of equipment (new package) EA 275 5 30% 412.5 60 24,750
Procurement quotation request from supplier EA 275 8 35% 770 60 46,200
Quotation issuance for review + approval EA 275 2 40% 220 60 13,200
Internal approval received EA 275 0.5 0% 0 60 0
PO raised by Procurement EA 275 0.5 0% 0 60 0
Supplier equipment + documentation suite delivery EA 275 4 65% 715 60 42,900
Invoice payment process EA 275 4 0% 0 60 0
Post-commissioning equipment + documentation handover EA 275 2 50% 275 60 16,500
          2392.5   143,550

FURTHER BENEFITS

Operate

  • Asset & organization master data is standardised and utilised, formulating a critical compent of an asset’s intelligent digital twin. (5 hour saving per annum – single location for all data for onshore engineering workscopes)
  • Spare parts inventories across on both an asset-specific and organisation-wide basis are more easily monitored and maintained. (£2k depending on equipment in question / available spares already held)
  • Master data is integrated to existing systems (eg SAP and Maximo) utilising bespoke APIs / plugins for onoing fabric maintenance & asset integrity asset management. (5 hour saving per annum – single location for all data for onshore & offshore collaboration)
  • Significant increase in collaboration between Operators & EPCs from a single source of technical equipment data. (3 hour saving per annum – single location for all data for onshore & offshore engineering workscopes & collaboration)
  • Asset familiarisation – Individuals / teams are provided with simple access to all pertinent, accurate & up to data technical data relating to the equipment / equipment package they will be working on when they arrive at the asset. (5 hour saving per annum – single location for all data for onshore & offshore engineering workscopes & collaboration)

Decommissioning

  • Advance planning executed timeously, using up to date, accurate technical data for all equipment on the asset – particularly relevant to interdependent systems
  • Increased accuracy of tender responses from supply chain to execute scope(s) of work – accurate, standardised data has been proven to eliminate response “buffer”
  • Remote consultancy & collaboration between all stakeholders dramatically increased, reducing requirement for costly access to the asset prior to commencement of decommissioning scope(s)