While
the stream of oil and gas must continue, the supplying facilities can only
operate for so long. Managers have to plan a turnaround to ensure the efficacy
of the facility and reduce the overhead cost. However, this would mean cutting
off supply for a particular area for the duration of the turnaround.
Therefore,
someone has to maintain the supply while the facility undergoes maintenance and
repairs. That way, any looming increase in oil and gas prices can be mitigated,
if not prevented. Without it, the facility will be forced to make up for lost
time by increasing its production, which may as well exacerbate the rate of wear
and tear and make costly turnarounds more frequent.
Other
ways of mitigating the effects of a turnaround include having multiple working
facilities compensate for one facility’s turnaround. An oil and gas company
with only a...