Mitigating the risk of software obsolescence in the oil and gas sector

Date published

2014-10-31

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Journal Title

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Volume Title

Publisher

Elsevier

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Type

Conference paper

ISSN

2212-8271

Format

Citation

John Ahmet Erkoyuncu, Stanley Ononiwu and Rajkumar Roy. Mitigating the risk of software obsolescence in the oil and gas sector. 3rd International Conference on Through-Life Engineering Services, Cranfield, 4-5 November 2014, Cranfield, Cranfield University, UK. Procedia CIRP, Volume 22, 2014, Pages 81-86

Abstract

This paper focuses on how on-going energy demand, shift in water depth and heavy crude oil type are creating huge obsolescence issues especially software in the offshore oil and gas industry. The aim is to identify and quantify software obsolescence using a novel framework developed to evaluate major software types, their associated obsolescence impact and risk exposure, cost implications, and resolution qualification. Validation of the framework confirmed the role of the framework for life cycle support and guidance related to software obsolescence. The tool can be used for engineering and procurement contracts thereby reducing capital and operating expenditure.

Description

Software Description

Software Language

Github

Keywords

Software obsolescence, risk management, oil and gas sector

DOI

Rights

Attribution-NonCommercial-NoDerivatives 3.0 International

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