Abstract
Refurbishment process is a conceptual stage in product life cycle. It is utilized in existing equipment in the field by adding value to recondition and repaired equipment. The main interest of this paper is to implement and design risk management implementation phase in oil field development project on the refurbishment of critical equipment in oil and gas industry. This paper is provided base on research and experiences in risk management and learned from practical team in industry which matched by an application in oil field development project in refurbishment of critical equipment. A framework of implementation phase for risk management in oil field development project in refurbishment critical equipment were reviewed and added value on communication skills of the project team to the stakeholder and organization, which support to external body and vice-versa. Risk management framework can be used for reference of refurbishment process with simply process and developed with same concept for the next wide development project in industry.
Highlights
Refurbishment process is a conceptual stage in product life cycle
Oil field equipment (OFE) such as tooling can be reconditioned after it is used in market
The objective of this paper is to propose risk management implementation phase in oil field development project by adding value on refurbishment product
Summary
Refurbishment process is a conceptual stage in product life cycle. Oil field equipment (OFE) such as tooling can be reconditioned after it is used in market. Performing the refurbishment process is to utilize the existing equipment in the field to determine the product cycle and sustainability [1]. Complete refurbishment of OFE equipment can eliminate waste along with the product used. These processes of refurbishment is similar to produce new OFE and depending of order scope, purchase order and contract but no limit for rental tool and equipment. Many OFE Manufacturing companies in Batam Island Indonesia have operated refurbishment role and rent equipments and tools to support their organization survival and growth
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