Asset Integrity Management
Asset Integrity Management (AIM)
The integrity of an asset is attained only if it can perform its required functions effectively and efficiently whilst ensuring a safe and reliable operational environment. Asset integrity can be managed by putting place essential systems, resources, processes and procedures to ensure that the assets could perform over their lifecycle.
We provide support through:
- Establishing or improving your asset integrity programs to be more effective to maximize availability and more importantly, to meet the regulatory requirements;
- Providing risk management solutions to mitigate the asset risks to ALARP level; and
- Assuring your assets are fit-for-use in a safe and reliable, yet cost effective manner.
Risk-Based Inspection (RBI)
We have performed many RBI studies for the oil and gas industries, including power plants and chemical plants, for the purpose of developing the scheme to guarantee safe use of the equipment. Our experts have vast knowledge of materials and damage mechanisms, and operational background to assess the risks of the assets in an accurate and reliable manner.
RBI is one of the management solutions within our AIM services that optimizes inspection efforts based on risk. Risk, in this context, is determined by the likelihood of a failure or breach of containment due to damaged mechanisms and the consequences of it impacting safety, environment and economics. Inspection strategies can then be developed based on the results of RBI focusing on higher risk equipment, looking at What, When, Where and How to inspect, and Why there is a need to inspect. Plant availability and safety has significantly improved using this approach, whilst achieving greatly reduced unplanned shutdowns and costs as a favorable byproduct.
The benefits of conducting RBI are:
- Optimizing inspection planning
- Mitigating risk which in turn help improve safety and integrity of the assets
- Extending the service life of statutory equipment and assets
The RBI procedure can be applied qualitatively, quantitatively or by using features of both, that is, semi-quantitatively. Generally, the process involve the following:
- Gathering of information
- Site assessment
- Establishing the likelihood of failures
- Establishing the consequences of failures
- Determination of risks and ranking
- Development of inspection plans and strategies
- Presentation of results and plans in formal technical report