ASSET MANAGEMENTSOLUTIONS

CHALLENGEDue to the dynamics of the Oil & Gasindustry and the decrease of oilproduction in the Casanare � elds inColombia, Ecopetrol and EQUIONdeveloped a strategy to improve theirasset management (incl. O&Gproduction and power generation)performance whilst lowering costs byoutsourcing these activities to Stork.In an area spanning 120km, threemain production facilities, a maincompressor facility and several wellsites (incl. compression) requiredoperation and maintenance.

As well as the day to day operation to produce 100,000 boepd and 300 mmscfd of gas and maintenance activities, several improvement

programs needed to be developed todecrease production losses and tomaintain and improve the integrity ofthe installations against high processsafety standards.

SOLUTIONStork combined the local knowledge from its operations in Colombia and international expertise into an asset management organization implementing Stork Asset Management to increase the reliability and availability of the installations. The concept of Synergy - technical and administrative teams working with the same standard for both clients - as a part of the conceptof the Operation & Maintenanceservice was also introduced.

TECHNICAL SPECS

• Region: MASA, Americas• Service lines provided:

Asset Management Solutions - Operations & Maintenance

• Execution time: 1 July 2013 - contract extension date 1 July 2018

• Manhours: 1mil-1.5mil annually• Contact person:

Javier Marquez, Director O&M, [email protected]

RESULT & BENEFITS

Stork’s approach signi� cantlydecreased production losses at arate of 10% per year, whilee� ciency savings reduced projectcosts by of 32% for Ecopetrol and45% for EQUION respectively.Stork’s planning philosophy forexecution was delivered with astrong focus on safety via thecompany’s REACH inititaive whichmaintained an excellent safetyperformance throughout theoperations.

ECOPETROL & EQUION

STORKwww.stork.com

20-01-2015