BACKGROUND OF THE STUDY.

It is important that organization properly map their path to maintenance optimisation or they find themselves inversed in a data, lacking information and direction and find themselves returning to the old maintenance strategy..The project describes a process which may be used to identify the existing resources and to specify advance technology necessary to implement an integrated optimisation of maintenance cost in producing oil and gas company.
The successful implementation of optimisation cost coupled with systematic process change will enable organization to optimise their maintenance programs. The success of this optimisation will lead to reduce maintenance cost and operational outages (Augustine,2003). In today competitive global business climate industries and enterprises are under increasing pressure to reduce cost in order to meet tougher performance and production goals with maximum return on asset investment.
unplanned equipment down time greatly affect the earning of any enterprises and must be minimised, risk should also be minimised as well as the cost of keeping those risks low. Asset maintenance is a significant cost factors for companies to improve and maintain the availability during the asset life cycle. Maintenance is a key factor in succeeding in asset management (BQR,2007).
Asset management is an expert system for maintenance optimisation which allow manufacturer service provider and maintenance repair and overhaul (MRO) organisation to scientifically analyses, improve and optimise all relevant aspect of maintenance strategies.
These strategies involved planning and execution of the following factors:
- Repair or discard
-Corrective, Preventive, and Predictive Maintenance.
-Spare Part Allocation and Procurements
-Support and Test Equipment
-Tools and Materials.