Product category:
Process Monitoring and Optimisation
News Release from: Performance Plus | Subject: Pump outage reductions at BP
Edited by the Processingtalk Editorial
Team on 15 July 2004
Performance Plus expectations are
exceeded for BP
A Performance Plus contract undertaken at a major European processing complex in Grangemouth has recently exceeded its third-year target to reduce the rate of pump outages by over 30%
A Performance Plus contract undertaken at a major European processing complex in Grangemouth has recently exceeded its third-year target to reduce the rate of pump outages by over 30% This has contributed to an impressive reduction in pump outages by 40% over the last three years, and this has produced tangible financial benefits for the plant operator, BP
This article was originally published on Processingtalk on 23 Jan 2004 at 8.00am (UK)
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The success of this approach is typified by a pair of pumps whose performance had fallen dramatically following changes to the operating process.
Performance Plus identified the root cause of this problem, and in collaboration with BP's own personnel implemented a combination of improved technology and re-engineering of the operating system and ancillary equipment.
The result was a significant increase in average pump life of over 1200%.
The largest facility of its kind in Northern Europe, the BP Grangemouth plant is the latest in a growing list of major international processing plants to benefit from the unique services offered by Performance Plus.
After completing an analysis of the underlying reasons behind each pump failure at the plant, Performance Plus has worked in conjunction with BP to implement the necessary changes to reduce the number of pump outages and improve operational reliability.
Performance Plus offers its services on a performance-related basis.
The company is only rewarded once it has achieved, or exceeded, a number of key performance indicator targets and so begun to generate financial benefits for the client.
This risk-reward approach effectively makes each project self-financing for the client.
Performance Plus achieves these results by focusing on ways to reduce lost profit incidents, variable and fixed costs, and capital employed, before going on to develop a bespoke solution for each client.
For more details of Performance Plus, either visit the website or contact Barbara Flynn.
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