As an increasing number of oil & gas assets are approaching the end of their original design life there is a strong drive to ensure the continued safe and economic operation of their assets.
The objective of asset life extension is to ensure that the facilities can continue to operate safely and reliably for a new period that may be representing a doubling of the original design life.
Safeguarding the license to Operate and extending the economic life of ageing plants are typical business imperatives.
Codes and regulations have changed over the course of 25years and more focus is directed towards improved safety, reliability and efficiency.
The ALE assessment shall further identify the conditions that will limit the life of the facility without major repairs or modifications, and specify criteria defining safe operation.
Management of ageing requires a thorough understanding of the condition of safety-criticality elements (SCE), how that condition is changing over time, and carrying out maintenance in a timely manner to mitigate risk of major accidents.
Aging refers to the condition if the asset rather than the actual installation age.
There are thus many factors that need to be reviewed, and checked as part of an assurance that a renewed facility will meet present day regulations and standards.
Review of following critical components of ALE shall be reviewed by our subject matter experts:
Management Systems
Design & Procurement
Management of change
Managing change-Asset Life extension
Operational controls
Inspection & Maintenance Reports
Information management
Safety case maintenance and thorough review
Anticipated service life
Obsolescence
Decommissioning
We offer optimized solutions for ALE to the clients to enhance safety and profitability.