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

Our Services

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.

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.
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 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.
  • ISO 14224 : Petroleum, petrochemical and natural gas industries Collection and exchange of reliability and maintenance data for equipment)
  • NORSOK-Z-008: Criticality analysis for maintenance purposes
  • EN15341: Key Performance Indicators to measure maintenance performance
  • IEC 61508: international standard for the “functional safety” of electrical, electronic, and Programmable electronic equipment
  • Critical Asset Performance Standards® (CAPS) Development for Offshore Reliability