Press release
Press release
Wood to expand major biopharmaceutical manufacturing plant in South Korea
What is Asset Health?
Asset Health is a complete approach to monitoring, maintaining and managing physical assets across the entire lifecycle – non-stop and in real time. When implemented correctly, it will unlock efficiencies that will improve performance, increase reliability and reduce downtime - maximising overall value.
Good health is an asset.
Manage risk, improve performance and extend asset life
Aging assets can lead to safety issues and efficiency problems. Combining data analytics, design and operational insights to boost asset efficiency and reduce operational costs. Maximising investment and minimising the environmental impact.
Expert implementation
We design and operate some of the world’s most complex and modern facilities. Leveraging extensive operational experience , we integrate digital asset management strategies and effectively implement digital solutions.
Future-proofing assets
Our domain experience, scale and range of services allow us to create digital strategies and bring them to life. Our expertise in operational readiness, reliability, and integrity engineering enables us to design assets that are ready for the future.
Unmatched asset management experience
Leading independent research and advisory firm, Verdantix, has named Wood a leader in digital for its asset management technology implementation services. Wood has over two decades of experience as an industry-leading digital systems integrator. In the last 12 months, we have executed over 1,500 asset management technology implementation projects.
Don’t wait
Let's maximise the health of your assets with our digital solutions and implementation experience.
We have the track record
Saved 152 million kg eCO2/y using advanced vibration analytics
A Middle East energy client experienced pulsation-induced equipment failures, causing excessive flaring. We designed a bespoke 32-channel digital monitoring system, complete with analytics and cloud integration, providing continuous compliance. It eliminated 9,000 m3/hr flaring and saving 152 million kg eCo2/year, paving the way for smooth, unrestricted operation.
30% cost savings & 2% production boost by implementing wireless sensor strategy
A leading LNG producer set out to implement a smart, integrated, and remotely operated plant. Leveraging our decades of experience, we developed a wireless sensor strategy that went live in four months. This innovative architecture brought data from over 54,000 sensing parameters leading to a 30% production cost saving and 2% annual production improvement for the client.
Revolutionising Maintenance: securing $60 million of savings
We designed a strategy for a North Sea client looking to transform and implement maintenance initiatives. Using artificial intelligence with our team’s expert technical skills and extensive asset knowledge, we unlocked more than $60 million in engineering and maintenance savings. Our innovative approach slashed the maintenance backlog by a staggering 70,000 hours, streamlining operations.
Connect with our expert
Andrew Mills
Global Director for Asset Health
