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Maintenance Strategy Optimisation: Uniting Reliability Principles and Data Science for Significant Savings

Perspective

In this session, we’ll explore how Woodside successfully reduced thousands of maintenance hours and banked over 7 figures in savings by optimising maintenance strategies.

We’ll dive into the innovative maintenance strategy review tool that was developed in-house, utilising diverse data sources and applying fundamental reliability techniques. This approach quickly pinpointed over, under and incorrectly maintained equipment, facilitating targeted reviews for data-driven decision making.

  • Uniting reliability fundamentals and data science.
  • The effectiveness of a minimum viable product (MVP) for quick wins.
  • Deep dive into the strategy review tool & how we achieved rapid business integration and sustained value delivery.
  • Future plans and application advancements.
  • 7 figures in annualized savings by optimising maintenance using operational data and reliability principles.
  • Saving thousands of maintenance hours.
  • The direct benefits of a data-driven approach.
  • Slowly changing culture around data collection and the benefits of good data collection.
Topics:

Abundance of Choice in Attractive Industrial Technology and Platforms

Poor Asset Data that Compromises Decision-Making

Speakers

Shereya Parashar
Shereya Parashar

Reliability SME – Digital Transformation

Woodside Energy

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7–8 August 2024

Crown Promenade, Melbourne

See you there!