Norway-based Add Energy, an international energy consultancy provider, said it is joining forces with fellow local industry specialists, Matrix Risk Control and STC Global, to offer a new service that is designed to optimise asset performance.
 
IQ2 is the combination of each company’s proven expertise in asset data analysis, forensic investigation and root cause analysis, designed to provide a total solution for asset performance optimisation, said a statement from the company.

Using proven methodologies to identify systemic root causes of performance issues, IQ2 devises corrective and preventative actions that are prioritized by return on investment predictions, it said.
 
Peter Adam, executive vice president for asset and integrity management, Add Energy, said: “Following continued collaborative projects and work, we are thrilled to be formally coming together with Matrix Risk Control and STC Global to offer a new industry solution.”
 
“IQ2 is the bringing together of three skill sets to offer one solution that pushes through the improvement and delivers results for our clients – identifying actions not just for now, but also preventative measures to correct existing and future issues,” he said.
 
The new service follows a three-step process covering; selection review, analysis and optimisation. This process supports the IQ2 expert team in identifying and resolving key systemic failures, using quantitative and qualitative analysis ahead of developing solutions to resolve issues that have negatively impacted on production, safety and reliability, said a statement.
 
These solutions will deliver the return on investment (ROI) required to justify the long term commercial case for embarking on the identified improvement programme, proving a worthwhile exercise and procedure for many companies in today’s difficult marketplace, it added.
 
Peter continued: “In the current market place, each of our companies has seen an effort from operators that represent a positive sign that they are looking for contract performance and value for money, whilst assuring the safety and efficiency of their assets remains a focus.”
 
“We are confident that IQ2 is the ideal solution for the current market. To ensure confidence in investment of IQ2, we offer a free asset screening for suitability and calculation of ROI forecasts, as well as different options on payment models,” he concluded. – TradeArabia News Service