Meridium, Inc., a U.S.-based provider of asset performance management (APM) software and services, reported Tuesday that it has clinched a contract from Malaysia's Kebabangan Petroleum Operating Company (KPOC), a joint venture of PETRONAS Carigali Sdn. Bhd, Shell Energy Asia Limited and ConocoPhillips Sabah Gas Ltd.
KPOC has implemented Meridium's Enterprise APM, APM Health and APM Mechanical Integrity solutions for its Kebabangan project, located offshore Sabah, Malaysia.
The firm's Meridium solution provides field operators with the ability to develop a risk priority for all static equipment, as well as to optimize the frequency of required asset inspections.
“An integrated closed loop approach to asset management was required because of the need to merge the reliability strategies of the three companies. Because KPOC is an early adopter of an integrated asset management strategy in Southeast Asia, and further is comprised of personnel from the three partners, a unique reliability culture is expected to result," Greg Horrell, Meridium managing director for Asia Pacific & South Africa, said in the press release Tuesday.
PETRONAS Carigali is the upstream division of Malaysia's national oil company Petroliam Nasional Berhad (PETRONAS).
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