The COVID-19 pandemic has resulted in major uncertainties for both capital projects and turnarounds in the energy and downstream industries. Projects and turnarounds are being halted, deferred, or reduced in scope in profoundly altered circumstances. The crisis might also have the effect of contributing to a heightened awareness of the need for effective risk management.
In the Oil & Gas industry, capital projects and maintenance events (turnarounds) have a long history of poor predictability. AP-Networks has developed a set of cloud-based tools that ensure readiness is optimized.