A global energy company that carries out activities across 30+ countries worldwide intended to extend the lifetime of one of their actively producing offshore facilities. The company produces oil and gas, downstream and upstream. As the producing oil field was expected to be active for some time but the offshore facility was nearing its original design life, the major oil company was compelled to take action. MaxGrip was asked to identify and prioritize the best life extension actions from a cost-effectiveness perspective and to ensure that the facility can continue to operate safely and reliably beyond the original design life. They asked MaxGrip’s experts to perform an Asset Lifetime Extension (ALE) study for an Asian offshore site in order to safeguard uninterrupted high asset performance.

Download the case study

Fill out the form below and you’ll receive the 3-page long read today.

Oil Gas asset management

Case study – highlights

Approach

  • Data collection

  • Review and verification

  • Hazards and critical barriers gap analysis

  • Condition, risk and life extension assessment

  • Cost-benefit analysis (CBA)

  • Asset life extension deployment program

Results

This company saved 10% on costs with an asset lifetime extension of fifteen years.  The integrity of structural and pipeline assets are safeguarded. The approach will now be rolled out to other facilities so that they can also benefit from the project.

 

Get in touch.

MaxGrip Jeremy Borton

Jeremy Borton
Senior Consultant

jeremy.borton@maxgrip.com
T: +1 615 838 0005

Schedule a chat with me

Get inspired

total cost of ownership

Evaluating and decreasing TCO is becoming more important as industries mature and look to increase profits by reducing costs.

Business apm

When and how to use a business case to demonstrate the value maintenance and reliability departments bring to their organization.

APM business case

Get a better understanding of the components of OEE with this cheat sheet. The sheet includes OEE calculation examples.

View more resources