This project highlights our most recent involvement with Nigeria LNG Limited where we won a contract valued at $4 million to remediate her Plant Assets Master data in readiness of their planned migration of her Computerized Maintenance Management System (CMMS). Indeed, this is a great leap in our multiple endeavours to establish more footprint in Nigeria’s oil and gas establishments, and our strategy to be positioned for more opportunities within NLNG specifically, considering her track record in operational sustainability and growth.
The “Plant Asset Master Data Remediation works” as awarded by NLNG entails Cleansing, Transformation, Enrichment, Governance and Migration of plant assets master data. In the course of tendering, we partnered with a US based company leading the market share in data remediation activities, automation and governance of plant assets master data across various industries.
Plants can only be efficiently maintained if her assets are well registered during project handover, and a structured Management of Change (MOC) process is established to manage all changes happening through different channels (e.g. Turnarounds, Preventive Maintenance, Corrective Maintenance, Minor plant changes, Projects etc.) during the life cycle of the asset. Many reputable assets across the world today struggle to achieve this, which ultimately affect plant integrity, efficiency, decision making, operational availability, HSE and ultimately, profitability due to salient losses that could grow to significant values in the P & L over time.
This has led to companies waking up to the call to pay attention to the health of their Plant Assets master data, so as to remediate these issues and efficiently manage the asset. The resultant effect is that this niche specialist market is growing and we, Nexus Alliance Limited, are doing what we can to position ourselves in the West African market in view of the opportunities we envisage in the next couple of years.
Duration: September 2020 – On-going