Over the last decade, DNV has developed a unique methodology to forecast the long-term performance of complex assets. This methodology can be applied to a multitude of assets including petrochemical plants.

The outcome of these studies can be used to identify overall production efficiencies, model options in relation to expansion projects and rank upgrading opportunities as a function of added value and cost benefit.

DNV uses dynamic simulations to generate a quantitative picture of performance on various levels: starting with equipment reliability at the base then moving through unit reliability, unit utilisation and ending with production efficiency as a whole. We work with clients to ensure that each simulation model developed incorporates their understanding of the asset and the way it operates within their organisation. Typical deliverables from such studies include:

• Identification of bottlenecks and key performance drivers
• Setting of performance targets
• Evaluation and prioritisation of investment opportunities.