How to reduce costs by better implementing risk-based inspections

Posted by Andy Norman on 27-Sep-2017 14:00:00

The oil and gas industry has embraced risk-based inspection (RBI) as a way of fending off unplanned shutdowns, unexpected future costs, and potential threats to health and safety offshore. But are they being used as accurately or as frequently as required?

RBI seeks out the potential of an asset’s failure, providing a ‘risk snapshot’ in time. The risk-based approach has been utilised for some time within refineries, and petrochemical and chemical facilities, which have reaped the benefits of significant cost savings.

By their own admission, the British Engineering Services describe RBIs as: “If implemented correctly, an RBI approach can improve asset integrity management, as well as increase the organisation’s efficiency, while reducing plant downtime and increasing income.”

Read More

Topics: offshore asset life extension

Best practice guide to running asset life extension projects in Norway

Posted by Andy Norman on 25-May-2017 12:00:00

With 7.4 billion Sm3 o.e. left to produce and sell in Norwegian waters, according to Norsk Petroleum it is no wonder why operators are eager to extend the life of their assets in order to continue producing on their proven assets. The focus towards asset life extension has helped contribute to Norway increasing its oil and gas output for the third year straight in-a-row.

The Norwegian government has praised asset life extension as "one" of the reasons for prosperity in the region. A government official said, "The high level is in part due to good regularity on the fields, and the fact that various efficiency measures have led to substantial reductions in operating and exploration costs."

Read More

Topics: offshore asset life extension

Issues and challenges faced when providing conductor centralization

Posted by Andy Norman on 05-Apr-2017 11:15:00

Installing an offshore platform is a hugely complex, multi-disciplinary operation. The importance of centralization for the integrity of conductors and to extend the life of the wells is sometimes underestimated. Ignoring the issue at the start of any project or addressing it incorrectly can be costly, particularly with the trend nowadays showing new projects with more ambitious design life for the platform. Whilst appearing to be simple devices, centralizers provide a service at a critical interface between the platform structure and the well – where the conditions imposed upon them can be severe.

Read More

Topics: offshore asset life extension

Recommendations that the oil and gas industry should look to achieve in order for 2017 success

Posted by Andy Norman on 23-Mar-2017 12:01:28

2017 is a crucial year for the UK oil and gas industry and its supply chain. Two years of consolidation and cost efficiency has put the industry on better footings, and now a steady upturn in oil prices in Q1 of 2017 has brought about new-found optimism.

As Deloitte’s 2017 outlook on oil and gas explained, “OPEC finally announced production cuts of 1.2 million barrels per day in 2017, and rig counts growing, albeit slowly, once again. There is a sense that better times are ahead.”

Read More

Topics: offshore asset life extension

ADIPEC 2016 Review: Key talking points from the world’s most influential oil and gas event

Posted by Andy Norman on 21-Dec-2016 10:00:00

‘Strategies for the New Energy Landscape’ was the theme of this year’s biggest ever ADIPEC event in Abu Dhabi. The 19th edition of the world’s most influential oil and gas event attracted over 100,000 trade professionals from more than 125 countries.

“The industry is going through a transformation”, UAE’s Minister of Energy Mohammad Faraj Faris Al Mazrouei said at the opening ceremony.

Read More

Topics: offshore asset life extension

Your Comments...