Asset Management

HMARINER is a consultant firm in the field of Asset management, helps companies build wealth and competitive advantage through world-class Predictive Maintenance (PdM) and reliability across a national network. HMARINER is the offshore and onshore leader in designing and implementing customized, integrated approaches for identifying defects in assets utilizing predictive technologies and Condition Monitoring services and has been a pioneer in method of measuring Return on Capital Investment and Life Cycle Cost in Asset Management. HMARINER brings a unique, practical perspective to implement Asset Management system in offshore and onshore sector for following assets for two categories, Subsea and Top side:

  • Mobile offshore Drilling Unit (MODU)
  • Fixed Platform
  • Port Physical Assets

As maintenance management consultants, our products include education, training and implementation (consultant services) support covering:

  • Preventive Maintenance/Essential Care
  • Risk Management / Risk Based inspection
  • Organization Structure
  • Planning and Scheduling of Maintenance Work
  • Condition Monitoring
  • Basic Equipment Care for Operators
  • Spare Parts Management
  • Root Cause Failure Analysis
  • CMMS (Computerized Maintenance Management System)

HMARINER offers of best-in-industry maintenance, reliability, and operational consulting and services, training, staffing, and integrated software solutions servicing the offshore sector. Through combined experience, Hmariner Co. is capable of addressing reliability challenges from shop floor to executive suite.


Condition Monitoring

Condition monitoring or Condition Based Maintenance (CBM) is the process of monitoring a certain aspect of the condition of a piece of machinery, such that a significant change is indicative of a developing failure.

Condition Monitoring is a major component of Predictive Maintenance (PdM) and asset health. The use of condition monitoring processes allows maintenance to be scheduled or other actions to be taken to avoid the consequences of a full failure before the failure occurs, thus the following CBM services is delivered by HMARINER:

  • Vibration Analysis
  • Thermography
  • Corrosion assessments
  • NDT Services
  • Lifting equipment inspection
  • Rope Access Inspection
  • Visual survey
  • Lifesaving appliances, gas detection equipment / devices, marine safety
  • Subsea Pipe Inspection
  • 3D Visualization, Photo Control/Photomontages
  • subsea inspection and engineering



What is asset management?

Effective asset management is crucial for optimizing the cost and availability of critical assets from any ports or offshore facility. But with the advent of the ISO55001 standard, asset management is particularly important right now for offshore and port assets. It is also a particularly difficult challenge for these facilities. Our offshore and port asset management services ensure you have the right asset management strategy and actions in place for your specific needs.

An asset management system represents the latest evolution in the traditional facility management approach and focuses on maintenance services and reliability. The services concentrate on achieving long term maintenance cost reduction based on applying innovative maintenance strategies in a total cost approach.

Asset management is an evolving process that improves in condition, performance and operational cost requirements which can then become better understood. To ensure that supporting activities are improved and incorporated into asset management plans, an improvement plan is required to accomplish this in a planned and progressive manner. A typical methodology for preparing an asset management improvement program is to review its current status and level of sophistication within the organization and the implementation of asset management activities, asset data and knowledge, reliability and accessibility, information systems to support asset management process and plans to identify the optimum life cycle of management tactics and resources.


Why is AM economically important?

When a business is not doing well, especially in the midst of an economic downturn, most business organizations have a tendency of cutting back on „non essentials‟. In most cases those expenses represent the current expenditure for which the benefits are realized later. The question that arises is how a business can cut PAM costs without undermining the long-term prospects of the business. The following actions are extremely important to consider when ensuring that correct decisions are taken that will have the long-term benefits for the business:

  • Extend the Asset life to delay capital expenditure or cost of replacement.
  • Reduce the risk of failures that result in catastrophic effects.
  • Managing and minimizing risk that has financial implications for the business.


HMARINER methodology for improving Asset reliability and performance:

Hmariner Asset management Dep. is consist of three sub-departments:

Our mission is to improve overall reliability and minimize total business cost thus for improving Asset reliability and performance, Hmariner Co uses Uptime® Elements™ model. Uptime® Elements™ provide a simple way to understand a holistic, system-based approach to embedding reliability into an organization’s practices and culture. By using a unified theory to explain the fundamental elements of reliability and how they relate to each other, Uptime Elements allow everyone to gain an understanding of reliability appropriate to the work they do.AM focuses on performance-based maintenance systems. The two major benefits derived from uptime model are reliability and quality of service.

asset management

In this model for asset performance management there are four major categories:

  • Reliability engineering for Maintenance
  • Asset Condition Management
  • Work execution Management
  • Leadership for reliability


Reliability engineering for Maintenance

Reliability Engineering for Maintenance creates leadership line of sight from top management to shop floor regarding value, criticality, reliability and risk. REM is a foundational category of the Uptime Elements which includes:

  • Reliability Centered Maintenance
  • Failure Mode Effects Analysis
  • Criticality Analysis
  • Pm Optimization
  • Root Cause Analysis
  • Reliability Engineering
  • Capital Project Management


Asset Condition Management

Asset Condition Management highlights early detection of failures using condition-monitoring technologies and eliminates defects through the application of precision alignment. ACM is a foundational category of the Uptime Elements which includes:

  • Vibration Analysis
  • Ultrasound Testing
  • Alignment and Balancing
  • Motor Testing
  • Machinery Lubrication
  • Non Destructive Testing
  • Infrared Thermal Imaging
  • Asset Condition Information
  • Oil Analysis


Work execution Management

Work Execution Management provides guidance on the preventive maintenance processes needed to manage, plan, schedule and execute work. WEM is a foundational category of the Uptime Elements which includes:

  • Preventive Maintenance
  • Planning and Scheduling
  • Operator Driven Reliability
  • MRO Spares Management
  • Defect Elimination
  • Computerized Maintenance Management Systems (CMMS)


Leadership for reliability

Leadership for Reliability shows participants how to create the definition of value and sets the tone for asset performance.

LER is a foundational category of the Uptime Elements which includes:

  • Operational Excellence
  • Key Performance Indicators
  • Physical Asset Management
  • Human Capital Management
  • Integrity
  • Competency Based Learning
  • Executive Sponsorship


Asset management and maintenance standards are used by HMARINER :

HMARINER brings a unique, practical perspective to implement Asset Management system in offshore and port sector thus we apply maintenance standards to deliver high quality services. The following standard has been used in our asset management projects:

ISO 14224 🙁 Petroleum, petrochemical and natural gas industries Collection and exchange of reliability and maintenance data for equipment)

This International Standard provides a comprehensive basis for the collection of reliability and maintenance (RM) data in a standard format for equipment in all facilities and operations within the petroleum, natural gas and petrochemical industries during the operational life cycle of equipment. It describes data-collection principles and associated terms and definitions that constitute a “reliability language” that can be useful for communicating operational experience. The failure modes defined in the normative part of this International Standard can be used as a “reliability thesaurus” for various quantitative as well as qualitative applications.

This International Standard also describes data quality control and assurance practices to provide guidance for the user. Standardization of data-collection practices facilitates the exchange of information between parties, e.g. plants, owners, manufacturers and contractors. This International Standard establishes requirements that any in-house or commercially available RM data system is required to meet when designed for RM data exchange

NORSOK-Z-008: Criticality analysis for maintenance purposes

This NORSOK standard is applicable for preparation and optimization of maintenance programs for plant systems and equipment including:

  • Offshore topside systems.
  • Sub-sea production systems.
  • Oil and gas terminals.

The systems involving the following types of equipment:

  • Mechanical equipment.
  • Static and rotating equipment.
  • Instrumentation
  • Electrical equipment.

Excluded from the scope of this NORSOK standard are:

  • Load bearing structures.
  • Floating structures.
  • Risers and pipelines.

In principle, all types of fault modes and failure mechanisms are covered by this NORSOK standard.

This NORSOK standard covers:

  • Definition of relevant nomenclature.
  • Guidelines for criticality analysis, including:
  • Functional breakdown of plants and plant systems in main functions and sub functions.
  • Identification of main function and sub function redundancy.
  • Definition of failure consequence classes.
  • Assessment of the consequences of loss of main functions and sub functions.
  • Assignment of equipment to sub functions and associated consequence classes.

Examples of application of the functional breakdown and the criticality analysis:

  • Selection of equipment where preventive maintenance activities can be based on generic maintenance concepts.
  • Selection of equipment where detailed RCM (FMECA) analysis is recommended.
  • Establishment of maintenance activities and intervals, specification of resource and competence
  • Requirements, and evaluation of shutdown requirements.
  • Preparation and optimization of generic maintenance concepts.
  • Design evaluations.
  • Prioritization of work orders.
  • Spare part evaluations.


ISO 55000: asset management standard

The ISO 55000 asset management standard provides a universal framework for managing the use of physical assets, such as mobile or fixed operating plant and equipment.

ISO 55000 Asset management – Management systems – Requirements, considers an asset management system ought to address six aspects of an organization: the internal and external environment, its planning processes, its support processes, its operational processes, its performance evaluation processes, and its ongoing improvement processes. The ISO 55000 standard document contains a framework structured to fit these six factors.


EN15341: Key Performance Indicators to measure maintenance performance

This European standard describes a system for management of Key Performance Indicators to measure maintenance performance in the framework of the influencing factors such as the economical, technical and organizational aspects, to appraise and to improve efficiency and effectiveness in order to achieve an excellence in maintenance of Technical Assets.


IEC 61508: international standard for the “functional safety” of electrical, electronic, and Programmable electronic equipment

IEC 61508 is an international standard for the “functional safety” of electrical, electronic, and

Programmable electronic equipment. This standard started in the mid-1980s when the International Electro technical Committee Advisory Committee of Safety (IEC ACOS) set up a Task force to consider standardization issues raised by the use of programmable electronic

systems (PES). At that time, many regulatory bodies forbade the use of any software-based

equipment in safety critical applications. Work began within IEC SC65A/Working Group 10 on a

standard for PES used in safety-related systems. This group merged with Working Group 9

where a standard on software safety was in progress. The combined group treated safety as a

system issue.


Critical Asset Performance Standards® (CAPS) Development for Offshore Reliability:

Managing the integrity of critical assets has become increasingly complex as oil and gas operators struggle to balance operational excellence and asset performance while minimizing costs and maintaining the highest safety and environmental standards. Risk-based Asset Management focuses on identifying, mitigating and eliminating risk to provide the proper application of resources based on asset criticality. As part of this strategy, the safety and environmental risks involved in offshore drilling and the associated unique challenges are minimized by adopting Critical Asset Performance Standards® (CAPS). These performance-based standards ensure proper control measures are put in place and maintained throughout the life cycle of a facility.

By applying CAPS, operators can incorporate global best practices leveraging extensive environmental, safety, and risk management experience from offshore and land-based platforms into their unique operating plans and procedures throughout the life cycle of their facilities. Implementation of CAPS promotes quantifiable operational and personnel safety while conducting drilling operations in deep-water environments.