The new service, known as Asset Performance Management for Oil & Gas, incorporates essential offerings from companies to help operators in the offshore oil and gas industry

Siemens Energy and Bentley Systems, announced a joint solution that delivers intelligent analytics derived from domain expertise to reduce operating expenses associated with offshore oil and gas industry assets.

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How does this new Siemens Energy project work?

The APM4O&G solution combines the advanced capabilities of Bentley's asset performance software (AssetWise) with Siemens Energy's technology and service expertise to empower operators to improve maintenance and planning operations in the offshore oil and gas industry.  

The solution, part of Siemens Energy's Omnivise portfolio of digital solutions, supports maintenance activities on various assets, including onshore compressor stations and gas processing plants, as well as offshore production platforms and FPSO vessels.

Siemens smart strategies for the oil and gas industry

The APM4O&G solution adopts intelligent condition-based strategies based on predictive analytics to optimize maintenance schedules at compressor stations and gas processing plants, helping to extend asset life and keep maintenance costs low.

Offshore, the solution helps operators reduce logistical costs associated with unplanned maintenance activities. Operators can also make the best use of limited offshore warehouse and storage areas, keeping just the right replacement stock based on risk-based maintenance strategies.

asset monitoring

In addition to monitoring assets, the APM4O&G solution can perform powerful diagnostics and risk analysis scenarios that further optimize plant uptime, including failure mode effect analysis, an equipment operational health index, and a life estimate. remaining useful for an individual component or an entire system.

“APM for oil and gas is the latest example of how our strategic alliance with Bentley is driving value for our customers,” said Laura Anderson, Head of Controls & Digitalization Business for Energy Services at Siemens.