While most assets and projects within the Oil and Gas (O&G) sector have precise start and end dates, lifecycle management for these business-critical deliverables span a much longer timeline. Enterprise Asset Management (EAM) technology enables O&G companies to support all stages of asset and project lifecycles, from planning to implementation, through to decommissioning. Along with safety and environmental considerations, O&G organizations rely on EAM to help minimize disruptions while optimizing productivity through exceptional asset visibility from the field to the office. Here’s how this technology supports end-to-end project and lifecycle management for O&G organizations: Planning Build informed plans based on real-time data generated from connected assets across the operation to examine the current state of your enterprise and define areas of improvement. Identify (and quantify) areas of improvement Explore what-if scenarios to determine benchmarks and the best path forward Align operations with safety, environmental, productivity, and other targets Leverage AI and real-time data to improve asset performance management (APM) Build accurate digital twin asset models to aid in asset investment planning (AIP) Implementation Maintain oversight across the entire operation with benchmarks identified during the planning stage, for a real-time view on how your operation is performing. Predictive maintenance and scheduling eliminates unplanned downtime Automated data replication between the office and remote production sites provides a seamless operation Critical continuity during unforeseen weather events Execute mission objectives safely and effectively Decommissioning Expedite the off-boarding or transfer of equipment and assets that are no longer needed at the end of a project by providing detailed digital records of associated asset costing and performance data. Easily move operating sites between legal entities Separate and move serialized asset structures Provide accurate asset history and operational meta data Reduce asset liabilities through improved visibility and forecasting capabilities Whether on a SPAR platform in deep water, a remote desert site, or within an environmentally sensitive location, IFS Cloud EAM delivers end-to-end project and asset lifecycle management for your oil and gas operation. Read our executive summary for more information and case studies from our O&G customers.