[New Publication: Case Study] A comprehensive oil and gas company achieves accurate and early detection of asset failures with a prescriptive maintenance solution.
A comprehensive oil and gas company faced the challenge of unplanned downtime occurring in critical assets such as turbo expanders, gas compressors, and gas turbines. The potential impact of unplanned downtime includes costly repairs and maintenance, along with a daily cost of \$1.2 million due to production delays. Early detection of events is crucial as it allows valuable time to be returned to production and enables the mitigation or resolution of issues through operations. The company implemented AspenTech's prescriptive maintenance solution, Aspen Mtell, to improve asset uptime and reliability.
**What Aspen Mtell Can Do**
- Provides accurate early warnings of critical asset failures up to 23 days in advance.
- Enhances the reliability of critical assets and plant uptime, ensuring uninterrupted operations.
- Improves process safety, resulting in reduced environmental impact and associated costs.
- Reduces annual maintenance costs across the site by quickly extending solutions to similar assets using Aspen Mtell's transfer learning capabilities.
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