Situation: Untenable fixed overheads increasing margin pressure and making bid economics for drilling tenders unfavorable. Higher day-rate pricing made bids uncompetitive.
Task: Assist in reducing and/or removing the fixed overheads and propose a “variable” price model to allow and cap the exposure per rig on a day-rate basis
Action: Outsource the entire Asset management function for the shallow-water division on a per rig per day pricing model, with a malus clause on the technical utilization of the assets. Service includes a) Engineering Support ,b) Technical Field and CMMS System Support, c) Downtime Support , d) Project Management , e) Capital Spares Management, f) OPEX Spend Management , and g) Technical Marketing Support. Joulon teams are based across the globe to support Seadrill Operations 24×7
Result:
12,000+ Cummalative operating days
3000+ CMMS System Changes processed
80+ Unique tenders submitted
98.98% Uptime
180,000 + Maintenance WO processed
450+ NC managed
200+ Interrig transfer oppourtunties identifed
10+ Maintenance Audits
2000+ Support Tickets closed
10 SPS projects Managed
US$ 120M of R&M Managed ( ~25% savings or deferred cash-flow geenrated )
US$ 20M of SPS Project spends managed