HOUSTON – Radix Engineering and Software and Shape say they are collaborating to develop software solutions that can help operators of floating production units sustain cash flow certainty and mitigate EHS impact.
The companies say they are developing a software suite of predictive maintenance tools focused on client FPSO/FPU operations to optimize production and mitigate unplanned stoppages and downtime.
The suite will be designed to use data contextualization and machine learning algorithms, plus embedded process, extensive mechanical engineering intelligence, and experience from actual FPSO/FPU operations. The unified operational experience is a differentiator.
Specifically, Radix says that it is applying FMEA (failure mode and effect analysis) methodology to FPSO/FPU operations, monitoring symptoms and signals that are frequently the first sign of potential failure.
In parallel, Shape is providing data management tools to deliver a holistic view of the FPSOs’ maintenance status to the operators. This data helps determine KPIs and variables that must be monitored during operation to anticipate potential problems, better plan interventions, to reduce downtime, and maintenance costs, and extend equipment life.
Longer term, the companies say that the next challenge is to map/model FPSO and FPU flaring systems so that operators can predict potential process upsets and take corrective action to reduce and prevent flaring.