As part of its comprehensive asset management program, an offshore project identified the need to develop a spare parts strategy during its design phase.

PinnacleART was selected to perform a detailed spare parts analysis, in order to deliver an optimal stocking strategy based on risk.

By selecting PinnacleART to facilitate the analysis, the client received a spare parts strategy that will help the facility reduce stocking costs, while maintaining optimal uptime.


Achieving a 75% Cost Reduction Against Vendor Recommendations Through Spare Parts Optimization

In 2012, an offshore oil and gas project located off the coast of Southern Africa initiated the construction of a new processing facility. Expecting to produce 111,000 barrels of oil per day, the project identified the need to develop a spare parts strategy during the design phase of construction. By developing the strategy in this early stage of construction, the spare parts plan is able to be based on equipment criticality, in order to optimize cost associated with stocking parts and minimize the risk of not stocking certain parts. To read more, download the full case study.

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