Evaluating the digitalization capability and display of KPIs for two fertilizer plants of Petrovietnam

Abstract

The study partially funded by the Vietnam Oil and Gas Group (Petrovietnam) assesses the infrastructure, OT/IT systems, and data handling at two fertilizer plants. Although well-equipped with automation control technology, the plants lack seamless integration, connectivity, and encounter limitations in communication between systems. To address these issues, the study advocates for the integration of digital technology, emphasizing its potential for enhancing efficiency, facilitating optimal management, and guiding strategic direction. Following an assessment of infrastructure, key performance indicator (KPI) system requirements, and data management, the study proposes an initial application of digital technology to link KPI displays. The outlined scope, initial costs, investment phases, and implementation schedule indicate a total initial investment of around VND 37 - 39 billion, accompanied by annual maintenance costs ranging from VND 3.7 to 4.1 billion. Expected economic and social benefits involve improved management at both Petrovietnam and plant levels through the KPI system, with an estimated energy cost savings of 1%, equivalent to roughly VND 44.6 billion. The project aims to position the fertilizer plants and Petrovietnam as leaders in technology, contributing to sustainability and enhancing their global industry reputation.