Maintenance software specialist joins Lloyd’s Register
Lloyd’s Register has acquired RTAMO, a software consultancy based in Aberdeen providing solutions designed to reduce maintenance costs for asset owners.
ABERDEEN, UK – Lloyd’s Register (LR) has acquired RTAMO, a software consultancy based in Aberdeen providing solutions designed to reduce maintenance costs for asset owners.
LR claims maintenance optimization projects conducted using RTAMO (Real Time Adaptive Maintenance Optimisation) on more than 20 offshore facilities for major international operators and mid-cap operators have delivered savings in maintenance costs of up to 30%.
These included projects operated by Maersk, BG Group, Shell, and Centrica Storage.
Dr. Neil Arthur, now Head of RTAMO within LR, said: “RTAMO technology is cloud-based, allowing rapid deployment through LR’s global footprint and local presence, so optimization benefits can be achieved almost immediately.
“Our methodology and software supports all phases of asset life – design, operation, tail end life and decommissioning. It’s also evidence-based, which has an advantage over conventional maintenance planning. It is sensitive to commercial factors such as commodity price, mean time to failure and cost of planned versus corrective maintenance. The very fact that we take people out of a hazardous environment has a direct impact on improving safety.”
Nial McCollam, LR’s chief technology officer, said: “RTAMO has been developed for the upstream offshore oil industry where maintenance costs are high.”