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.”