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LCAM

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LCAM Overview

LCAM provides the complete range of offerings from end‐to‐end asset and project management solutions, to deploying the industry’s latest technologies in data science and analytics to drive data-based decision making.

  • Challenge

    Drillers face multiple technical, commercial and personnel obstacles while trying to keep the rig turning to the right. Technical issues cause downtime, reducing revenue and affecting reputation; Special Periodic Surveys and reactivation project capital expenditures and rig supply and repair expenses take a high level of subject matter expertise and cost control; and qualified and competent personnel and experts are difficult to attract and retain.

  • Approach

    The Joulon Life Cycle Asset Management (LCAM) approach focuses on reducing variation and optimizing performance; whether that includes providing experienced subject matter experts, implementing proven processes and systems, or improving the quality of front end planning to decrease cost and risk.

  • Solutions

    Technical Field Support (TFS): provides an outsourced technical services team with key subject matter experts to help our Clients increase uptime, provide 24/7 remote support, reduce annual spending and standardize maintenance across the fleet.

    Project Management: with the vision and track record to become the Special Periodic Survey and Rig Reactivation specialists throughout the drilling industry, we provide proven project management professionals who adhere to our bespoke Agnostic Project Execution (“APEX”) project management philosophy to lead a project from project Start-up, Planning, Execution and Closeout.

    Asset Care: reduces daily and yearly spend on warm or cold stacked assets without compromising the preservation or health of the assets, thus reducing the time to reactivate or start-up a rig for a new contract.

  • Achievement & Results

    We have supported over 52 assets, managed over $200MM in spending, saved $34MM in repair and maintenance budget, supported our clients to ensure over 99% uptime, closed 600+ support ticket requests and maintained more than 5 floating assets.