Asset Hierarchy Development

An Asset Hierarchy is a logical way of arranging assets, equipment and components in any Oil & Gas facility. Asset hirerarchy is absolutely essential to operate and maintain assets in an efficient manner.

Any Oil & Gas facility will have a large number of maintenable assets. Each asset will have its own assemblies, sub-assemblies and components. Asset hirerachy is a nested way of arranging assets and their respective assemblies and components to streamline operation and maintenance activities.

 

Why Asset Hierarchy?

Realibility of operations: Maintaining asset hierarchies is key to reliable maintenance and hence reliable operation of assets.

Efficient use of human resource: Maintaining asset hierarchy will lead to efficient use of human resource for maintaining assets.

Spare parts optimisation: Asset hierarchy systematically arranges spares and other consumables which leads to optimisation of spare parts and inventory

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