ohn Crane launches new asset management contracts for Saudi energy growth - Middle East Business News and Information
Saudi Arabia: John Crane, a global leader in mission-critical technologies and services for the energy and process industries, and a business of Smiths Group plc, has secured three recent asset management contracts with major petrochemical companies in Saudi Arabia. This reinforces the company's commitment to supporting industrial and energy growth in the Kingdom, in line with the Saudi Vision 2030.
The agreements represent a milestone for John Crane, which has now secured three major asset management contracts in the Kingdom of Saudi Arabia within the past year with a range of petrochemical customers.
The first project is divided into two main phases: an asset criticality assessment to identify the impact of potential asset failures on critical site equipment, and the development of a comprehensive maintenance strategy, with failure analysis, preventative and predictive maintenance technologies.
The second project consists of four main phases: Establishing an asset registrar to manage and optimise assets; Conducting an asset criticality assessment to identify the impact of potential asset failures on-site equipment; Developing comprehensive maintenance strategies and preventive maintenance tasks; and optimising an existing plant to align it with a further plant under development, as part of expansion efforts.
The third project checks over 400,000 critical assets across six customer sites in Saudi Arabia to ensure regulatory compliance with industry safety, environmental and legal requirements. This aligns with the newly introduced Petroleum and Petrochemical law, regulating petroleum and petrochemical operations, in a manner that contributes to economic growth. Goals include improving the efficiency of equipment, reducing risks, ensuring financial accuracy through precise asset valuation, and supporting asset lifecycle decisions.
These approaches minimise downtime of plant equipment and increase the life span of industrial seals and associated filtration systems that are critical for John Crane's customers.
Hani Attia, General Manager of KSA and Bahrain at John Crane, said: 'John Crane is committed to driving industrial and energy growth across Saudi Arabia and the wider region through our work and capabilities. Our asset management solutions will enhance our customer's operational efficiency and reliability, ensuring long-term success. Our expertise in predictive maintenance and asset management is key to supporting their success. As more clients want to preserve and extend the lifecycle of their crucial plant equipment, we see substantial growth opportunities in the area.'
These agreements reinforce John Crane's position in the Kingdom and serve as a valuable local reference in Saudi Arabia, strengthening John Crane's standing in the region. Additionally, the contracts offer an opportunity to expand John Crane's dry gas mechanical seals and wet mechanical seals offerings within major petrochemical companies' operations.
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