OTC 21909--Reducing the Financial Impact of EP Shutdowns

摘要

E&P shutdowns have a significant effect on business and operations, the former because of the production losses incurred while the platform is out of service and the latter because the amount of work completed drives future shutdown needs. This paper quantifies this effect and presents research that demonstrates the statistical correlation between the quality of shutdown planning and shutdown durations and predictability. Offshore shutdowns that reach the best level of planning have, on average, 40 percent shorter durations than those with the worst planning; only 12 percent of offshore turnarounds achieve Best planning, whereas 12 percent have poor planning. Actual observations are presented as case studies to clarify the research results.