Optimizing Asset Replacement Decisions Through Integrated 360° Insights

Abstract Objectives/Scope Upper Zakum field is a significant offshore site where ADNOC Offshore invests heavily to bringing development target to reality. UZ consists of multiple offshore wellhead platforms, satellites, super complex and four artificial islands. This mega offshore field development plan consists of increasing its target production to One and half Million barrels per day by 2031. The UZ registered assets number in the hundreds of thousands, possibly will be doubled after ongoing development projects are completed. These assets vary in age, including both older and newer ones, representing different stages in the asset lifecycle. These assets record a massive volume of information during their life cycle including the asset identification data, technical specification, financial and procurement records, operational history, Maintenance and modification data; in addition to the track records of asset performance where all these data are contributing to the remnant life assessment. Utilization data including timeline and volumes whether for production or injection is also contributing to selecting the optimum mitigation action towards the deteriorated asset by comparing the mitigation expected life extension with the utilization plan as this will lead to huge cost optimization. The integration of these comprehensive data is critical for informed asset replacement decisions. Without a unified 360° view, organizations risk making expensive, reactive choices based on fragmented insights. Integrated data enables predictive analytics (e.g., forecasting equipment failure), accurate total-cost-of-ownership (TCO)calculations, and scenario modeling (e.g., comparing replacement vs. life extension). Siloed data, in contrast, leads to blind spots—such as underestimating revenue impacts or missing compliance deadlines. In asset-intensive industries, this integration isn't just beneficial; it's a strategic imperative to maximize up time, optimize spending, and mitigate risks. Meanwhile, in an oil field with intensive asset locations utilization of interactive maps will facilitate further the data integration and allow users to explore asset locations detailed information visually once clicking that location on the map. Methods, Procedures, Process The Asset Replacement Dashboard is a Decision Support Tool that integrates asset information from various systems, such as SAP system including fixed asset register(master data) as well as maintenance data, asset remnant life recorded in Passport and Reliability systems, replacement projects budget; in addition to the asset utilization plan represented by the production and injection forecasts. Results, Observations, Conclusions This dashboard resulted in establishing a robust, integrated platform that consolidates all critical asset-related information into a centralized dashboard enabling data-driven decisions that help avoid premature replacements and ensure optimal asset utilization. Realized cost optimization has been achieved as a result of several optimization for replacement projects scopes that were recorded such as avoidance of pipelines and helipad replacement.