World Class Maintenance (WCM): Measurable indicators creating opportunities for the Norwegian Oil and Gas industry

Abstract

World Class Maintenance (WCM) concept is considered as an integrated approach to perform asset maintenance comprehensible for all participants in an industrial organization. WCM creates opportunities to make the work processes more efficient and effective in a way that these are universally applicable to increase the safety, economy and overall efficiency of the assets. A well-defined WCM work process can offer a unique business opportunity with minimum costing to the assets' owner whilst increasing significant return on investments. This manuscript attempts to explore the adaptability of WCM concept in the Norwegian Oil and Gas (O&G) industry. It further identifies measurable WCM indicators and highlights the current trends of WCM as observed in the Norwegian O&G industry. The identified indicators in this context can be used for mapping current performance of any operating assets by comparing it with the WCM standards.