How to Reduce Total Cost of Ownership for Oil and Gas Pumps

Related Vendors

Lutz Pumpen GmbH

EDL Anlagenbau Gesellschaft mbH

ProMinent GmbH

Schneider Electric

Schneider Electric India

Energy Cost Management – Discovering Saving Potentials

The third step to reduce the TCO in pumping system is energy cost management. Facility operators are presented with utility bills that have multiple components. These include power demand, energy demand and time-of-use charges; ratchet clauses; cost-offuel adjustments; power factor penalties; customer service charges; and regional and local taxes. A misinterpretation of utility rate structures can lead to poor management of electrical consumption and higher costs. For reducing the energy cost, it is pivotal to:

• Locate and review the electricity contract, understand the structure and take help of an energy management specialist company; this can help to reduce your bills.

• Adjust the timing of energy usage from the peak rate period to the off peak period as much as possible.

• Reduce the monthly peak demand number in order to bring down the demand charge. In most cases, 75 per cent of the applications are oversized. Variable speed drives, which reduce power demand by 20 per cent, help organizations to size according to process requirements.

• Power factor penalties that are due to the motor can also be reduced by deploying variable speed drives to pumps.

Setting Standards in Plant Automation

Significant Amount of Cost Advantages Can Be Derived From Standardisation

Unleashing the Power of Service–Oriented Drives

The TCO of pumping systems in oil and gas industry can be reduced substantially by using technologies like variable speed drives. Whereas contemporary drive solutions in market majorly focus on providing speed variation, the service-oriented drive is aimed at reducing the TCO and increasing the overall equipment efficiency.

* First published in PROCESS India June 2014

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