MANAGEMENT consulting firm Accenture estimates Australian LNG operators could save between $74 million and $84 million in lost time every year if they were to collaborate on the timing of turnarounds.
Accenture teamed with Asset Performance Networks to analyse turnaround benchmark data, finding the near simultaneous ramp up of 13 new LNG trains and associated assets could mean scheduled facility shutdowns and other turnarounds may also coincide.
This could result in difficult to manage activity peaks in which up to 10,000 skilled contractors may be needed across Australia, all within a relatively short period of time.
Given the peak energy demand periods in importing countries, weather conditions, and commercial and supply constraints, LNG operators in Australia are likely to execute the majority of turnarounds within the April to September period.
Accenture released the finding in its “Ready or Not? Creating a world-leading oil and gas industry in Australia” report, prepared with the Australian Petroleum Production & Exploration Association (APPEA).
Accenture energy industry group Asia Pacific managing director Bernadette Cullinane told Oil & Gas Australia that a number of operator and service company executives it interviewed raised the topic at one point during the interviews conducted for the report.
“Many would like to expand it but they struggle to find a mechanism for that dialogue,” she said, while adding that many companies were finding new ways of achieving this.
“It needs to be more formalised.”