Oil and gas companies across the world are looking for ways to leverage technology in improving efficiency and reducing operating costs while increasing production levels. They are also under tremendous pressure to manage potential risks in terms of health and safety of personnel and ensure environmental safety.

At LifeTech Engineering, we are committed to strengthening your oil and gas company asset management by providing these professional services:

1. Asset Integrity Management:

Asset Integrity Management is preventive maintenance wherein repairs or replacements are scheduled ahead of time to ensure the asset has the capacity to function efficiently and accurately. This ensures that there are perfect measures in place to assure the asset’s life cycle.

A lot of equipment in the oil and gas industry is ageing. Asset Integrity Management activities have become important as they help prevent downtime, corrosion under insulation, and shutdowns. Asset Integrity Management can be managed at every stage of the asset’s lifecycle including project designing, asset operation and decommissioning, etc., however, asset integrity management services are not done in isolation – it is important that everyone is involved and has a unified understanding regarding the requirements of an Asset Integrity Management program.

2. Risk-Based Inspection:

RBI (risk-based inspection) is a process of developing an inspection based on the risk of failure, i.e., an assessment of the likelihood of failure because of factors like damage, flaws, deterioration, etc. along with an assessment of the consequences of such a failure. The risk-based analysis helps identify the damage that may be present, where such damage could occur and the rate at which such damage is likely to occur. It also assesses the danger that is likely to arise due to failure.

3. Fitness for Service (FFS) Assessment:

Fitness for Service Assessment is a process of defining flaw acceptance limits wherein stakeholders get to distinguish between acceptable and unacceptable flaws based on recognized good engineering practices. It is conducted to assess the structural integrity of equipment and determine its safety, thereby reducing failure and defects.

At LifeTech Engineering, we provide cost-effective and practical fitness for service assessment solutions that improve the reliability of your assets such as pressure vessels, tanks, piping, etc. We have built a track record in creating customized assessments and corrosion evaluation.

4. Ageing and Life Extension Management:

Around 50% of the world’s offshore infrastructure is in a life extension phase and vulnerable to ageing processes. Ageing and life extension management helps ensure the integrity of ageing assets and equipment so that they can continue to be safely operated..

Some of the issues managed by this process include understanding the effects of external or internal corrosion, structural degradation, maintenance backlogs, etc. LifeTech Engineering uses a range of software and technology that helps maintain technical integrity during an asset’s life extension period.