Case Study

FMECA PILOT PROJECT SHOWS SIGNIFICANT COST SAVINGS FOR DOWNSTREAM OIL COMPANY

FMECA PILOT PROJECT SHOWS SIGNIFICANT COST SAVINGS FOR DOWNSTREAM OIL COMPANY

Pages 4 Pages

A downstream oil company, aspiring to be the world's safest, launched a Reliability Improvement Program featuring Failure Mode Effects Criticality Analysis (FMECA) to proactively optimize asset reliability. This systematic approach identifies, assesses, and mitigates risks, prioritizing maintenance, cutting failure costs, and ensuring safety compliance across refining and distribution operations. Partnering with MaxGrip for the FMECA pilot project, the company achieved significant cost savings. MaxGrip's software streamlined analysis, enhanced risk prioritization, boosted operational efficiency, and delivered measurable reliability gains.

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