Forrester Report: The Total Economic Impact of Asset Performance Management in the Oil and Gas Industry
Learn how Asset Performance Management (APM) provides cost savings and business benefits, with a five-year ROI of over 290%.
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Oil and gas operations are large-scale in terms of the volume of assets involved and the global expanse of their operations. The commonality of merger and acquisition activity and the various affiliate partnerships that round out the space further complicate the asset landscape. Oil and gas organizations must surmount these obstacles to harness their collective asset monitoring and maintenance data, and inform processes and strategies that improve asset efficiency and reliability.
Forrester Consulting worked with GE Digital to conduct a Total Economic Impact™(TEI) study to examine the potential return on investment (ROI) enterprises may realize by deploying APM within the oil and gas industry. Forrester found that for a composite oil & gas organization (from upstream production and midstream transportation through to downstream refineries), APM measures can achieve an ROI of 292% and enables numerous cost savings and reliability benefits across your enterprise.
Read the analyst report to discover how by deploying APM:
- Users can avoid $26 million of revenue loss from reducing unplanned downtime
- You can extend the average asset lifetime by as much as 26 weeks
- Improve your ability to meet regulatory and compliance standards and experience greater flexibility in resource allocation
