Background
In offshore oil and gas, inventory challenges scale faster than visibility. As fleets expand, excess inventory often accumulates across rigs while true risk positions remain hidden. For this global offshore operator, inventory decisions were constrained by fragmented visibility and inconsistent stocking strategies across the fleet.
The turning point came when inventory optimization shifted from individual rigs to a fleet-wide operating model.
key results at a glance
$151M
Identified Inventory Opportunity
$7.4M
Verified Value
Fleet-Level Optimization
Across Offshore Operations
Industry Context
Offshore oil and gas fleets operate under extreme constraints, including volatile supply chains, strict safety and regulatory requirements, and long, unpredictable lead times.
Inventory decisions must balance working capital efficiency with uptime and safety-critical availability across geographically dispersed rigs.
The Challenge
The operator faced systemic challenges common to large offshore fleets:
- Inventory optimization limited to individual rigs rather than the fleet
- Lack of standardized parts criticality to guide stocking and service-level decisions
- Excess inventory accumulating across rigs without visibility into duplication
- Limited ability to identify and mitigate inventory risk positions
- Inconsistent inventory decisioning across procurement, maintenance, and operations
These conditions tied up significant working capital without improving reliability.
The Solution
The operator implemented a fleet-wide inventory optimization approach using a purpose-built AI platform. This enabled:
- Standardized parts criticality across all offshore assets
- Network-based stocking strategies spanning rigs and regional hubs
- Fleet-level visibility into inventory positions and duplication
- Identification and mitigation of inventory risk across the fleet
- Rebalanced service levels for critical spares
- Material de-duplication across offshore operations
- Inactive inventory transfers between rigs and regional locations
- Purchasing optimization and sourcing efficiency improvements
Inventory decision-making was centralized and standardized without disrupting existing systems.
Outcome
- $151M in identified inventory opportunity
- $7.4M in verified value
- Fleet-wide optimization enabled consistent, scalable inventory governance
How Verusen Supports Fleet-Level Inventory Optimization for Offshore Operators
Fleet-level offshore inventory optimization requires visibility that extends beyond individual rigs. Verusen’s platform enables offshore operators to unify inventory data across assets and regions, providing a comprehensive view of materials availability, duplication, and risk.
By applying AI-driven analysis to real offshore inventory data, Verusen helps organizations identify over-max positions, rebalance critical spares across the fleet, and reduce excess working capital while maintaining operational readiness. This approach supports safer, more consistent inventory decision-making at scale.
Typical Improvements Oil & Gas Organizations Can Expect
What improvement you can expect for your oil and gas business:
- Average of 10–20% working capital optimization
- Consolidation of MRO data into a single location instead of multiple, disparate ERPs and EAMs
- Improved visibility across offshore fleets and regional hubs
- Reduction of excess and duplicated inventory across rigs
- Better planning for long and volatile lead times
- Faster identification and location of critical spares
- Improved consistency in MRO inventory procurement and management processes
- 90-day onboarding using existing MRO inventory data
Ready to See What Fleet-Level Inventory Optimization Could Look Like for Your Offshore Operations?
Learn how fleet-wide visibility and AI-driven optimization can help reduce excess inventory while protecting uptime across offshore assets.
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Frequently Asked Questions
What is fleet-level inventory optimization in offshore oil and gas?
Fleet-level inventory optimization focuses on managing spare parts across multiple rigs and regions to reduce duplication, improve availability of critical spares, and optimize working capital.
Why is fleet-wide visibility important for offshore inventory?
Without fleet-wide visibility, excess inventory accumulates on individual rigs while shortages occur elsewhere, increasing both cost and risk.
Can fleet-level optimization reduce offshore inventory risk?
Yes. Standardized criticality and centralized visibility help rebalance inventory and reduce hidden risk positions without increasing downtime exposure.