Asset Data Management
Oil & Gas companies are seeking ways to reduce costs and increase efficiency, reliability, and safety. To accomplish these goals, they are turning to various digital transformation initiatives.
Hofintech has partnered with leading Oil & Gas companies in the U.S. as well as all over the world and to help them build a strong data foundation to build their digital transformation initiatives. We also engage with Operating Companies, EPCs, EMCs, and LSTK contractors.
We specialize in providing accurate data for PM, EAM, and CMMS in a short turnaround time.
Our services include
An Asset Register is the foundation of asset maintenance. Hofintech can help you build a robust Asset Register by capturing assets and their maintenance data from numerous sources like process & instrumentation drawings (P&IDs), equipment data sheets, equipment specifications, location details, and hierarchy aligned with the process flow.
Hofintech also undertakes assignments such as building Bills of Materials (BOMs) by linking spares and sub-assemblies for any new plant, package, or equipment additions. Our solution is holistic and incorporates planning data for smooth operations and maintenance requirements.
It is very important that the as-built status of the plant is reflected in the CMMS. Hofintech has a team of specialists who have been conducting as-built asset verification for a few decades.
We meticulously verify the gathered data and feed it into the CMMS, ensuring that the as-built status is accurately reflected. Existing as-built drawings are also rectified as a part of this process to ensure a single source of truth.
Hofintech’s asset data cleansing and restructuring services help you achieve the optimum integrity of asset maintenance data. Asset maintenance data is often located at different sources and full of inconsistencies. Through this service we assist you in generating maintenance data for equipment across all functional locations. This includes generating maintenance tasks, planning data, and work orders, thereby streamlining your maintenance operations. The verified data is then fed into the CMMS.
During the course of operation, there is a possibility of drifting away from the industry best practices. Hofintech’s asset gap study can create a clear roadmap with correct priorities to bridge these gaps.
This service will ensure that you follow the industry best practices relating to asset maintenance and will minimize your maintenance costs and downtimes.
The analysis will help identify opportunities for continuous improvement through techniques such as Preventative Maintenance Optimization (PMO) and Reliability Centered- Maintenance (RCM, among others, leading to cost savings and improved reliability.
Data has become the heart and the soul of operational excellence. Asset data can impact the operations and maintenance of Oil & Gas facilities in more ways than one can imagine. Why not get it right once and for all?
By partnering with Hofintech, you can enhance your trust in your data and maximize the benefits of your digital transformation endeavors.
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