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+ Cumulative 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 opportunities identified
10+ Maintenance Audits
2000+ Support Tickets closed
10 SPS projects Managed
US$ 120M of R&M Managed (~25% savings or deferred cash-flow generated)
US$ 20M of SPS Project spends managed