About this Workshop
An effective asset integrity management programme is a prerequisite for the continued safe and profitable operation of any oil and gas company in upstream drilling and production operations all the way through the cycle to the downstream petrochemical processing plants. The importance of the issues in asset integrity management cannot go overlooked as oversight as these areas hold the potential for major incidents causing safety, environmental, and fiscal risks.
The need to enhance asset integrity and extend the lifecycle of these aging facilities becomes imperative to survive this storm of low oil prices. The dramatic changes in oil prices have had a profound effect on the way our industry will do business in the coming years.
Digitisation is a key enabler in bringing about a paradigm shift in asset integrity management thereby increasing efficiency and make permanent reduction in costs. The new technologies such as big data, industrial internet of things (IIoT) have great potential in changing the landscape of how we manage asset integrity. They can improve our capabilities in remote monitoring and remote services. Digitalising further enables high-level inspection and maintenance with further strategic advantage of accuracy and decision analytics towards AIM. The gain from this automation can result in reduction of unplanned downtime, risk based approach on maintenance and inspection, reduction in OPEX costs and increased efficiency in reporting. A typical model for digitisation across the asset lifecycle could be as below:
This edition of the asset integrity management workshop will address innovative and best practices adapted by asset owners to maintain, or even exceed, their competitive advantages in the current challenging market conditions, with support from advanced technical solutions provided by the business partners.