ABSTRACT

ESTABLISHING ASSET MANAGEMENT PROGRAM FOR NEW OIL & GAS FACILITIES

The paper "Establishing Asset Management Program for New Oil & Gas Facilities" offers an in-depth exploration of the pivotal process involved in implementing an effective asset management program within the domain of new oil and gas facilities. This paper provides a special focus on the groundbreaking journey of the first underground gas storage facility in the Kingdom of Saudi Arabia (KSA), which embarked on the ambitious path of establishing its asset management program from the ground up.
In a world where the efficient and sustainable operation of oil and gas facilities is paramount, the experiences and recommendations stemming from this unique endeavor offer invaluable insights to the industry. The paper not only outlines the key steps and strategies that were crucial to the inception of the asset management program but also underscores the indispensable recommendations that demand consideration right from the project's earliest phases.
The heart of this paper delves into the fundamental need for a well-rounded and robust asset management program. Such a program is the cornerstone of ensuring the longevity, reliability, and ultimate satisfaction of users in oil and gas facilities. By dissecting this facility’s remarkable journey, this paper presents actionable guidance and best practices for professionals, engineers, and decision-makers within the oil and gas industry.
With its real-world insights, this paper not only contributes to the overall knowledge base of asset management programs but also offers a practical roadmap for industry stakeholders to create and maintain facilities that are not only efficient but also resilient in the face of ever-evolving challenges. The
lessons drawn from this experience serve as a beacon of success and a testament to the possibilities that emerge when innovative asset management is incorporated from the very beginning.
This topic is a valuable resource for the EuroMaintenance Conference, as it provides real-world insights that can significantly contribute to the success of asset management programs in the ever-evolving landscape of oil and gas facilities.