The Importance of Intelligent Asset Management and Maintenance for Petrobras
Tuesday, August 20, 2024 | News
Petrobras, a leading energy company based in Brazil, recognized the critical importance of intelligent asset management and maintenance in achieving its vision of being the best diversified and integrated energy company.
To address the challenges of manual processes, lack of accurate information, and decentralization of maintenance processes, Petrobras sought help from SAP to implement an innovative new solution.
The Need for Transparency of Asset Management Processes and Value Chain
The company’s use of manual spreadsheets and the lack of real-time insights and transparency into the asset management process hindered its ability to make informed decisions. Additionally, regular failures, disruptions, and synchronization issues with supplier assets and third-party products impacted worker morale and overall efficiency.
“We lacked real-time insights and transparency into the asset management process and value chain to make informed decisions based on real-time data,” explained Bruno Vidal, business applications consultant at Petrobras. “We were looking for a best-in-class platform that could provide a central view of our mission-critical assets, allowing our assets and data to work harmoniously.”
Petrobras needed a solution that could provide real-time insights, reduce downtime, and align with its more comprehensive ERP and digital transformation strategy.
Building on Petrobras’ Ongoing SAP Journey
Due to its rich SAP ecosystem and legacy, Petrobras looked to SAP Intelligent Asset Management. Building on its ongoing SAP journey, the company saw an opportunity to enhance its SAP footprint and implement other SAP innovations.
“We had an SAP legacy, a technological program to implement SAP S/4HANA, and a strong operational demand for an asset management solution,” Vidal shared. “Together, this created a powerful business case for SAP-powered intelligent asset management solutions and tied in with our SAP–the first approach.”
From Proof of Concept to Successful Pilot Implementation and Beyond
In 2020, Petrobras conducted a proof of concept to evaluate the feasibility and potential of SAP Intelligent Asset Management. The successful execution of the solution led to the selection of the BUZIOS oilfield for a pilot implementation project. The BUZIOS field is the world’s largest ultra-deepwater reservoir, representing almost 16 percent of Petrobras's oil and gas production.
“Given the size of the BUZIOS field, even a small return of value has the potential to generate a huge return for the company with reduced downtime and increased efficiency,” said Vidal.
Thus, the project initially focused on a limited scope, including SAP Asset Strategy and Performance Management for reliability assessments and SAP Predictive Asset Insights for equipment monitoring and failure predictions. The pilot implementation project started with one unit. It expanded to include all units and critical systems, such as gas compression, oil and gas production gathering, fire and gas detection, firefighting, and energy generation. These systems involved a significant amount of maintenance and reliability data.
Leveraging Machine Learning to Detect Errors and Predict Failure
In addition to the pilot implementation, Petrobras activated the machine learning engine in the SAP solutions as a pilot project for anomaly detection and failure prediction.
“We had great results from the machine learning features, which allowed us to uncover further insight and make performance improvements,” Vidal recounted.
Thanks to the success, the solutions were later launched to five more critical oilfield systems, including offloading, oil, water and gas treatment, and water pumping for injection. By the end of 2023, Petrobras had moved from proof of concept through going live with ten critical systems in all units from the BUZIOS field, including uncovering machine learning benefits, as well as concluding the proof of concept for the exact solutions in Petrobras’ downstream operations.
Business Benefits that Create High Value for Petrobras
As the company achieved significant operational benefits at the BUZIOS oilfield, it plans to roll out SAP Intelligent Asset Management solutions to other upstream locations, introducing solutions beyond reliability engineering. With a significant return on investment, Petrobras intends to evaluate the value returned by the new technological solution and expand its usage across its teams and other locations.
“The implementation of SAP Intelligent Asset Management has led to an improvement of our operational efficiency and increased availability of our machines,” Vidal concluded. “When we reduce failures, accurately monitor our equipment, get real-time performance data, reduce production losses, and implement a reliability culture, we reduce oil losses, inspire greater confidence in our people, and return huge value to our organization.”
Source: https://news.sap.com/2024/03/petrobras-sap-intelligent-asset-management-maintenance/
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3 Trends Shaping the Future of Asset Management
Friday, February 26, 2021
4 Must-Have Features in Your Next Employee Time Tracking Software
Monday, February 08, 2021
Recruitment Screening Tool with Applicant Tracking System
Friday, February 05, 2021
Key Considerations to Buy Online Expense Tracker App
Tuesday, February 02, 2021 Jan
2020
Dec
Nov
Learn How CRM Software Empowers Business-Customer Relations
Monday, November 23, 2020
Stay Abreast of Evolving Project Management Trends 2020
Friday, November 20, 2020
Resource Planning Charts: Everything You Need to Know for Perfect Resource Management
Friday, November 06, 2020
Top 5 Must Have Features in Issue Tracking Software
Friday, November 06, 2020 Oct
Appointment Management System: Top 5 Benefits for Small Businesses
Friday, October 30, 2020
Unified Communication Software: The Complete Guide
Tuesday, October 27, 2020
Asset Management: 5 Key Stages of Asset Lifecycle Management
Thursday, October 22, 2020
Discover the Misconceptions About Automated Auditing & Approval System
Tuesday, October 20, 2020
Online Shared Storage: The Benefits of Cloud Storage in 2020
Thursday, October 15, 2020
Must-Have Benefits of Event Tech Solutions
Tuesday, October 13, 2020
Field Service Management Software: Increase Productivity of Your Field Service Employees
Thursday, October 08, 2020
5 major Challenges of Performance Review & Appraisals in Organizations
Tuesday, October 06, 2020
Recruitment in the Digital Age: 3 Modern Trends Recruiters Should Know
Thursday, October 01, 2020 Sep
Must-Have Features in Online Expense Tracking App
Tuesday, September 29, 2020
Online Time Tracker: Top 3 Online Time Tracking FAQ’s Answered
Friday, September 25, 2020
Reasons Why Businesses Opt Employee Management Software
Wednesday, September 23, 2020
Resource Scheduling Solutions and Planning: Worth the Efforts?
Thursday, September 17, 2020
5 Reasons to Invest in Online Invoicing Software
Tuesday, September 15, 2020
Automatic Screenshot Tracker: The New Normal Post COVID-19
Thursday, September 10, 2020
What is Customer Relationship Management? The Ultimate Guide
Tuesday, September 08, 2020
Project Management System: 5 Major Phases of Project Management
Thursday, September 03, 2020
Expense Approval: Top 4 Benefits of Expense Approval Software for Small Businesses
Thursday, September 03, 2020
Know All About Gantt Chart Software and Benefit Your Business
Tuesday, September 01, 2020 Aug
Cloud Based Storage: How Much Space Do You Need?
Monday, August 31, 2020
Benefits of Using Event Management Software for Virtual Events
Monday, August 31, 2020
Issue Tracking Software - 4 Must Have Features 2023
Thursday, August 27, 2020
Manual vs Automated Appointment Scheduling System
Tuesday, August 25, 2020
Remote Employee Management: The Do’s and Don’ts in 2020
Monday, August 24, 2020
Real Time Client Communication: 4 Effective Strategies
Friday, August 21, 2020
Top 5 Modern Methods Used for Asset Tracking
Tuesday, August 18, 2020
Field Service Management: Top 3 Future-Proof FSM Software
Wednesday, August 05, 2020
Online Time Tracking For Remote Working Post COVID-19
Tuesday, August 04, 2020 Jul
5 Good Reasons to Implement Performance Review Software
Friday, July 31, 2020
8 Things to Consider When Choosing an Online Recruitment Software
Friday, July 31, 2020
Expense Tracking App: Top 4 Expense Tracking Apps for Entrepreneurs
Monday, July 27, 2020
Online Time Tracker: 8 Instant Benefits for Businesses
Tuesday, July 21, 2020
Resource Scheduling Solution: 3 Most Common Resource Scheduling Mistakes
Thursday, July 16, 2020
8 Tips To Enhance Employees Productivity
Wednesday, July 15, 2020
3 Unique Benefits of Advanced Screenshot Tool for Small Businesses
Thursday, July 09, 2020
5 Best Billing & Invoicing Tools for Startups
Tuesday, July 07, 2020 Jun
Customer Relationship Management Software: 4 Reasons Your Company Needs a CRM
Tuesday, June 30, 2020
Top Five Project Management Problems Derailing Progress
Sunday, June 28, 2020 May
Avoid these Top 4 Mistakes While Choosing an Employee Monitoring Software
Friday, May 15, 2020
Employee Monitoring Software – Some Key Features
Wednesday, May 13, 2020
Top 6 Ways to Boost Remote Team’s Performance with an Employee Monitoring Software
Thursday, May 07, 2020 Apr
Mar
2019
Oct
Does A Company Need An Effective Performance Management System?
Tuesday, October 15, 2019
Advanced Time Tracking Software for Increased Productivity
Tuesday, October 15, 2019
Explore Wonderful Benefits With Advanced Talygen Application
Monday, October 07, 2019
Does A Company Need An Effective Performance Management System?
Monday, October 07, 2019 Sep
Know The Most Effective Way To Manage Business Projects Successfully
Friday, September 27, 2019
An Ultimate Guide To Project Invoicing Software
Monday, September 16, 2019 Aug
Smart Tips To Get More Productivity With Your Project Management
Tuesday, August 27, 2019
A Closer Look At Project Management Tracker
Monday, August 19, 2019 Jun
Create Systematic Arrangement with Personalized Project Management Dashboard
Tuesday, June 18, 2019
What Features Make Time Tracking Tool More Effective
Monday, June 10, 2019 May
Best Way To Enhance Project Productivity Beyond Expectations
Friday, May 31, 2019
Enhance Business Productivity With Advanced Project Management Dashboard
Friday, May 24, 2019
Choose Efficient Online Performance Management Software
Tuesday, May 21, 2019
A Quintessential Guide To Project Invoicing Software
Tuesday, May 14, 2019 Apr
Strategic Reporting Software To Improve Business Productivity
Monday, April 29, 2019
Benefits of Effective Project Management Software
Sunday, April 14, 2019 Mar
Feb
Improve Business Productivity with Talygen’s recruitment Software
Thursday, February 28, 2019
New Features and Key Updates of Talygen’s Customer Relationship System
Monday, February 18, 2019 Jan
Client Portal System: Time And Expense Approval By Clients For Smooth Evaluation
Tuesday, January 22, 2019
Talygen’s Message Board Module: The Best Real Time Client Communication Platform For Businesses
Wednesday, January 16, 2019
Talygen’s Resource Scheduling Solution: The Best Tool to Manage Your Resources
Friday, January 04, 2019 2018
Dec
5 Reasons Why You Need An Expense Tracking Application for Your Business Organization
Wednesday, December 26, 2018
How To Improve Your Sales By Applying CRM Automation
Monday, December 17, 2018 Nov
Talygen’s Project Management Tool: A Tested and Proven Web based Project Management System
Thursday, November 29, 2018
5 Reasons Why Organizations Need Talygen’s Knowledge Base System
Thursday, November 15, 2018
How Can Good Leadership Enhance Employee Time Management
Thursday, November 15, 2018 Oct
Talygen’s Unbeatable Project Request Feature for Long Term Relationship With Clients
Tuesday, October 30, 2018
Increase Your Transparency and Accountability with Clients Using Talygen’s Client Portal System
Wednesday, October 10, 2018 Sep
Aug
Jul
Jun
How to Manage Your Employees with Talygen’s Employee Management Software
Friday, June 29, 2018
5 Advantages of Using Talygen’s Job Portal Software
Monday, June 11, 2018 May
Apr
Talygen’s Time Tracker with Screenshots: An Indispensable Asset for Your Organization
Sunday, April 22, 2018
4 Essential Things You Should Consider Before Choosing A Time Tracking Software
Friday, April 13, 2018 Mar
Empower Your Business with Customer Relationship Management Software
Monday, March 26, 2018
Why Your Business Needs To Invest in a Project Management Software?
Sunday, March 18, 2018 Feb
2017
2016
2015
Oct
Sep
Aug
Why Do You Need the Talygen Time Tracker?
Tuesday, August 25, 2015
Five Features that Will Make Managers Love Talygen
Wednesday, August 12, 2015 Jul
Jun
May
Apr
Mar
2014
Dec
CES Series: Talygen to showcase the Future of Business at CES 2015
Tuesday, December 30, 2014
CES Series: 2014 was a blast, so will 2015 Be!
Thursday, December 25, 2014 Oct
Sep
Introduction to Talygen’s offline Time Tracking Application
Tuesday, September 30, 2014
Tips and ideas for successful project management
Wednesday, September 24, 2014
Smarten up your Project Management with Talygen
Tuesday, September 16, 2014
Why should businesses use an invoicing software?
Wednesday, September 10, 2014
Why Worker Productivity Matters and How to Improve it
Thursday, September 04, 2014 Aug
