Ecopetrol & Equion - Asset Management Solutions
Due to the dynamics of the Oil & Gas industry and the decrease of oil production in the Casanare elds in Colombia, Ecopetrol and EQUION developed a strategy to improve their asset management (incl. O&G production and power generation) performance whilst lowering costs by outsourcing these activities to Stork. In an area spanning 120km, three main production facilities, a main compressor facility and several well sites (incl. compression) required operation and maintenance.
As well as the day to day operation to produce 100,000 boepd and 300 mmscfd of gas and maintenance activities, several improvement programs needed to be developed to decrease production losses and to maintain and improve the integrity of the installations against high process safety standards.
Stork combined the local knowledge from its operations in Colombia and international expertise into an asset management organization implementing Stork Asset Management to increase the reliability and availability of the installations. The concept of Synergy - technical and administrative teams working with the same standard for both clients - as a part of the concept of the Operation & Maintenance service was also introduced.
Stork’s approach significantly decreased production losses at a rate of 10% per year, while effciency savings reduced project costs by of 32% for Ecopetrol and 45% for EQUION respectively. Stork’s planning philosophy for execution was delivered with a strong focus on safety via the company’s REACH inititaive which maintained an excellent safety performance throughout the operations.
Service lines provided: Asset Management Solutions - Operations & Maintenance
Execution time: 1 July 2013 - contract extension date 1 July 2018
Manhours: 1mil-1.5mil annually