The COVID-19 pandemic has resulted in major uncertainties for both capital projects and turnarounds in the energy and downstream industries. Projects and turnarounds are being halted, deferred, or reduced in scope in profoundly altered circumstances. The crisis might also have the effect of contributing to a heightened awareness of the need for effective risk management.
Many capital-intensive Australian companies are losing money as a result of poor execution of key maintenance activities. Like a small leak that is not properly closed, the drain on the balance sheet is slow but devastating.
Tank outages are increasingly falling under the direction of the site turnaround manager. This shift has shone a spotlight on the shortcomings of tank outage planning and preparation, especially when compared to the maturity of the plant turnaround sector.