Method and system for managing hydrocarbon assets in operating facilities

A method for managing hydrocarbon assets for a hydrocarbon operating facility, comprising:

• receiving, by a computing device, asset data associated with a plurality of hydrocarbon assets at an operations facility;
• determining, by the computing device, a plurality of categories of asset data, wherein the plurality of categories include at least the following:
• an asset maintainability index (MI), an asset performance and efficiency index (P&EI), an objective compliance index (OCI), or a level of competency index (LCI), wherein each of the plurality of categories of asset data include key performance indicators (KPIs);
• determining, by the computing device, a value for each of the plurality of categories of asset data, wherein determining the value for each of the plurality of categories of asset data includes determining a value for each of the KPIs;
• determining, by the computing device, a value for an asset management index (AMI) for the hydrocarbon operating facility, wherein the value for AMI includes the value for each of the plurality of categories of asset data, wherein the value for AMI for the hydrocarbon operating facility is determined based on a summation of a weighting of MI, P&EI, OCI, and LCI;
• normalizing, by the computing device, the AMI;
• determining, by the computing device, an acceptable range for AMI;
• determining, by the computing device, whether the AMI is within the acceptable range for AMI;
• and
• communicating, by the computing device, data related to whether the AMI is within the acceptable range to a hydrocarbon asset management output translation module to enable a change to at least a portion of the plurality of hydrocarbon assets by adjusting a respective KPI until AMI is within the acceptable range for AMI.

A non-transitory computer-readable storage medium for managing hydrocarbon assets for a hydrocarbon operating facility that includes logic that, when executed by a computing device, causes the computing device to perform at least the following:

• receive asset data associated with a plurality of hydrocarbon assets at an operations facility;
• determine a plurality of categories of asset data, wherein the plurality of categories include at least the following:
• an asset maintainability index (MI), an asset performance and efficiency index (P&EI), an objective compliance index (OCI), or a level of competency index (LCI), wherein each of the plurality of categories of asset data include key performance indicators (KPIs);
• determine a value for each of the plurality of categories of asset data, wherein determining the value for each of the plurality of categories of asset data includes determining a value for each of the KPIs;
• determine a value for an asset management index (AMI) for the hydrocarbon operating facility, wherein the value for AMI includes the value for each of the plurality of categories of asset data, wherein the value for AMI for the hydrocarbon operating facility is determined based on a summation of a weighting of MI, P&EI, OCI, and LCI;
• determine an acceptable range for AMI;
• determine whether the AMI is within the acceptable range for AMI;
• and
• in response to determining that the AMI is not within the acceptable range for AMI, implement a change to at least one of the KPI until AMI is within the acceptable range for AMI.