APM — Creating Maximum Value With a Risk- and Reliability-Based Program
John Mitchell, Meridium

In this session, John will explain how risk control and reliability optimization (safe, predictable output with minimum variation) combine powerfully within an Asset Performance Management program to produce maximum effectiveness at least sustainable cost. A master process, APM governs prioritization and implementation of improvement initiatives directed to safely and sustainably increasing availability / production, reducing LOE and reducing cost — all based on accurate data and powerful statistical analytics that identify opportunities to increase performance.