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Lloyd’s Register Acquires Data-based Asset Manager, RTAMO

| November 14, 2016


Lloyd’s Register, a global engineering, technical and business services group, has acquired RTAMO, a software-focused consulting firm based in Aberdeen which provides data-driven approaches that are designed to reduce maintenance costs for asset owners.

Here’s the overview: Real-time data-driven service revolutionizes how infrastructure is maintained – offering asset owners more responsive, potentially lower cost and safer operations. Murray Douglas, Lloyd’s Register’s Strategic Project Director said: “At this critical economic time of low oil prices, asset owners are seeking better ways to maximise value. RTAMO – Real Time Adaptive Maintenance Optimisation – enables this to be done safely and sustainably by enabling asset owners and operators to tailor their maintenance strategy and preventive maintenance plans to suit their specific commercial needs.”

Recent maintenance optimization projects conducted using RTAMO on more than 20 offshore facilities for major international operators and mid-cap operators have, according to the company, delivered savings in maintenance costs of up to 30%. Projects to date include Maersk, BG Group, Shell, Centrica storage.

The RTAMO acquisition is the latest investment by LR to drive data and digital innovation solutions for clients. In June 2016, LR announced its collaboration with Silicon Valley-based greenfence – the first platform technology serving the Testing, Inspection and Certification (TIC) marketplace.

Nial McCollam, LR’s Chief Technology Officer said: “RTAMO has been developed for the upstream offshore oil industry where maintenance costs are high. The same methodology and software is equally applicable in other high risk, capital intensive industries – such as refining, petrochemical, renewables and shipping.”

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Category: Featured, Fleet Maintenance

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