Operational Excellence and Growth in the Oil & Gas Industry
Oil & gas industry is faced with expanding challenges
And customers need our help
$800B+
Annual industry CAPEX
$150M
+
Average annual cost for
(6-8% growth per year)
mid-size LNG facility due to
unplanned downtime
$
5-10%
Range of O&G industry's
estimated downtime
!!!
(GE)
Customer challenges
!
!
Increasing complex operations
Equipment
Equipment
Availability
Reliability
Tighter regulations
!
Skills gap
Operational
Machines with data potential
Efficiency
Production
Optimization
Industrial Internet ... turning data into actionable information
Enable no unplanned downtime
Investor Meeting | 10 September 2014
© 2014 General Electric Company - All rights reserved
Sources: GE O&G analysis based on Wood Mackenzie, Rystad, Barclays, IHS CERA, PFC Energy, IEA. http://www.ge.com/stories/oil-and-gas-innovation,
Oil and Gas Facilities 2013 http://www.spe.org/ogf/print/archives/2013/06/
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