This IDC Tech Buyer Presentation explores asset performance management (APM) (philosophy, systems, and implementation) across the entire value chain of oil and gas companies, from upstream operators to downstream refiners and associated service companies. It includes findings from the IDC Energy Insights Energy Decision Maker Survey 2018 across upstream, midstream, and downstream oil and gas operations. The presentation makes recommendations for the implementation of APM, discusses the technological challenges with deployments, and provides a suggested road map highlighting the organisational change management with regard to people and processes and a vendor ecosystem guidance.
"Oil and gas companies across the globe need to realise increased bottom-line value from their large capital asset as they move from the project phase into steady operations. An APM state of mind is essential to ensuring that these assets deliver reliable uptime and availability. As a system, it provides the decision support through detailed data analytics to allow business to make critical risk and profitability calls in a reduced time frame, thus being able to adapt to real-time operating conditions," states Jonathan Leow, senior research manager, APEJ Oil and Gas, IDC Energy Insights.