ABB is investing in a series of pilot projects aimed at bringing new digital products, services and solutions to industry. All projects are built using the ABB Ability platform, which, by using digitally enabled industry solutions, collects, stores, searches, finds, views and analyzes data. The data is then presented as useful information in different contexts and timeframes.
The pilot projects extend from agile manufacturing, cloud based collaboration and energy grid of the future to cyber asset management, digitally enabled process performance services and condition based maintenance. Three projects specifically targeting the oil, gas and chemicals sectors, address the untapped potential of condition based maintenance, servicing of rotating equipment and fine-tuning process performance of installed control systems.
The first project targets maintenance, one of the most significant and untapped areas of cost savings in oil, gas and chemical facilities. With maintenance budgets accounting for some two thirds of annual net profit, it is the largest single controllable expenditure. One leading oil operator estimates that about 63 percent of maintenance labor results in no action. This is because maintenance that is not needed is sometimes performed on perfectly functional equipment, thereby introducing unnecessary cost and risk.
The project provides customers with the services, tools and information needed to capture, trust and act upon data and online information generated by todays installed condition monitoring systems. It ensures electrical equipment maintenance is only performed when necessary and not on an arbitrary schedule, eliminating needless interruption to production and reducing expenditures.
“Our approach provides the vital piece of the puzzle in the transition from a scheduled maintenance approach to one that’s predictive – regardless of what kind of condition monitoring system is in place,” says ABB’s Dan Overly, Head of Product management for ABB’s oil gas and chemicals business. “We are helping customers get value from data. Early testing shows that this project can help reduce customer maintenance costs by as much as 30 percent.”
A second project, targeting rotating equipment, provides a suite of analytical services and applications that give access to good quality data, identifies failure patterns of rotating equipment and predicts their potential failures. In addition, it benchmarks the customer fleet for improved budget allocation and allows ABB to build adjacent service offerings based upon the data collected.
This offering addresses the demands of chemical plant managers who are asking for a better understanding of how their fleet of rotating equipment performs, predict failures before they occur, and eliminate unnecessary maintenance to reduce operating costs.
The third project focuses on digitally enabled process performance services. It aims to improve operation and production quality by collecting data from customers’ existing assets, identifying areas where process improvement is needed, suggesting approaches to address challenges and deficits, and then implementing the services necessary to strengthen performance.
With lower oil prices, upstream operators are increasingly focusing on improving production. With today’s prices, process performance improvement can significantly improve the bottom line of the oil companies. Typically, 3-5 per cent increased production is achievable, translating into about $35 million extra earnings annually for a platform producing 50,000 barrels a day at $50 per barrel.
One outcome of this project is the ABB Ability Process Performance Dashboard. Following some 15 years of identifying poor process system performance in upstream oil and gas facilities, ABB has developed six key performance indicators (KPIs) for the process performance of a plant. These include three symptoms and three results of bad process behaviour.
ABB is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. For more information, visit www.abb.com.
Digital flagship projects from ABB target maintenance and data analysis
Oslo, Norway – With an investment of $24 million, the first wave from some 20 digital pilot projects emerge from ABB, targeting maintenance cost reduction and data insights across oil, gas and chemicals facilities.