How a 70% Reduction in Data Clutter Fueled Oil & Gas Giant’s ROI
Despite significant capital invested in complex refining and production infrastructure, a major Oil & Gas leader struggled with "ghost assets" and fragmented data, leading to financial inaccuracies and risks in equipment life cycle management
Pain Points
Inaccurate Asset Register
Over 8,401 assets requiring urgent verification to establish financial controls and operational transparency
Ghost Asset Risk
A high volume of records represented assets that no longer existed, skewing the Net Book Value (NBV)
High Maintenance Uncertainty
Disconnect the maintenance between departments regarding asset location and purpose
Inflated Liabilities
Increased tax and insurance liabilities due to unverified records and "dummy" location grouping
Audit & Compliance Risk
Lack of a compliant fixed asset register (FAR) linked to physical operational equipment
Poor Life Cycle Visibility
Incorrect depreciation cycles affecting the accuracy of asset useful life calculations
The Solution
Single Source of Truth
Deployed PiLog MDM to harmonize Material, Vendor, Service, and PM Master data into an unbreakable governance framework.
Strategic Asset Tagging
Executed rigorous componentization for 60K+ assets, turning physical equipment into "intelligent data points."
Cross Functional Synchronization
Cleansed 300K+ records and linked 3K+ Smelter BOMs, providing the transparency required for precision maintenance.
Enhanced Data Governance
Leveraged 3,500+ master templates to ensure flawless data quality across East, West, and Central regions.
Location Precision
Integrated extended data management to ensure inventory levels finally reflected the actual heartbeat of the plant.
Convert your Asset register into a driver for operational excellence.
By aligning every physical Asset with your financial and maintenance records, you bridge the gap between accounting accuracy and plant reliability.
