| Author | Nguyen Ngoc Manh |
| Note | A project submitted in partial fulfillment of the requirements for the
degree of Master of Business Administration (Executive) in
International Business – Management of Technology (VN), School of Management |
| Publisher | Asian Institute of Technology |
| Abstract | Oil and Gas Exploration and Production is an industry that could bring back a great benefit
for the investor but it is also one of the riskiest businesses where operation costs are always
extremely high, especially when its oil field is in the offshore working environment.
Maintenance activity of Oil and Gas production facilities is one of the most important task
directly relates to the production goal, safety goal and eventually is the yearly net income
of the company. It is not excessive to say that maintenance decides the survival of the
company. However, managing and controlling maintenance cost is always a challenge to
the management.
This research will introduce a practical case study which related to maintenance
management of Oil and Gas facilities at the end of their life cycle at Japan Viet Nam
Petroleum Company (JVPC).
There are three main objectives that this research is aimed to attain.
- Identify problems that will happen with maintenance activities when the Oil and
Gas facilities are at end of their life cycle and Oil and Gas production rate is in
declining stage.
- Check out the gaps in company’s current maintenance program that need to be
improved.
- Provide recommendations and solutions to company management to adjust the
business strategy and optimize maintenance program to reduce maintenance
workload, and maintenance cost to adapt with the actual requirements of
equipment’s life cycle when the company oil fields are in a declining stage.
Based on that, the author has studied the effective maintenance methodologies that people
in the world has studied and is applying to reduce workload and cost need to spend for
maintenance when the Oil and Gas facilities are getting older. Next, the research has also
extended to study the way that people has been managing inventory of maintenance spare
parts at best practice to reduce inventory costs, one of the method to reduce operation and
maintenance costs.
In order to find out the feasible recommendations and solutions, the research has deeply
studied the company conditions via SWOT analysis matrix to analyze the strengths and
opportunities that the company is possessing. These findings would indicate the resource
base that will support the research’s recommendations to management to maintain or even
increase the maintenance budget to mitigate any negative impact that may cause from
insufficient of maintenance budget. Through SWOT analysis, the research also determined
the threats and weaknesses are existing in company current maintenance system that need
to be improved.
Final part of research is the questionnaire survey. The author has collected opinions from
teams about challenges, performances to consolidate the hypothesis then produce a proper
conclusions and recommendations to address the key problems.
All of above, the author expects that this research would enable you to somewhat
understand how and why maintenance activity is so important in the Oil and Gas
production field, especially when they are at the end of their life cycle and the oil field
is in the declining stage. |
| Year | 2015 |
| Type | Project |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (Executive) in International Business - Management of Technology (VN/BKK)) |
| Chairperson(s) | Igel, Barbara; |
| Examination Committee(s) | Claes, Marie-Therese ;Patchara Popaitoon; |
| Scholarship Donor(s) | JVPC; |