DuPont Sustainable Solutions (DSS) discussed how companies can leverage operational excellence and best-in-class integrity to drive profitability within a dynamic and ever-evolving sector.

 

The company conducted a workshop entitled 'Extracting Maximum Value from Assets and Operations: AN Industry Imperative,' during its participation at the recently concluded OpEX Mena 2015 – Operational Excellence in Oil, Gas and Petrochemicals held at the Anantara Eastern Mangroves Hotel in Abu Dhabi. 

 

Franco Polli, solutions architect, DSS Middle East, and Marc Hoppenbrouwers, Solution Architect, DSS Netherlands, led three sessions on operational excellence, asset management best practices, and challenges of asset management. 

 

Through presentations, polls and discussions, each session highlighted the elements of culture in continuous improvement, the fundamental blocks of the asset management system, implementation challenges and best practices to address them, and the way integrated systems and organizations lead to sustainable results.

 

“With our interactive session, we advised companies on how to transform and optimize their processes, technologies and capabilities to improve their productivity, safety, , and profitability," said Polli.

 

"In the current landscape of significant declines in oil prices, there is a need to adopt an integrated approach to maintenance and reliability where capable human resource contributes to a robust culture as a strong technical model is not enough to ensure positive results. The integrated model and a strong direct support in the execution of it is what differentiates DSS from its competitors,” he said.

 

The polling conducted during the conference provided insights into the current state of asset management across the region: 54 per cent of companies surveyed do not have an asset management system that is fully implemented.  

 

Furthermore, only 37 per cent had a proactive approach to maintenance, indicating that the majority of actions are taken once something fails.  

 

Moreover, while attendees did note that a focus on people is imperative.  And yet, only 33 per cent of companies have what can be defined as a robust people development system.  

 

In line with this, participants felt as though a strong focus on capability building and mindsets & behaviors is key in determining success of asset management initiatives. - TradeArabia News Service