Value of Asset Integrity | Audubon Companies
Value of Asset Integrity | Audubon Companies
Industry
Pipelines + Terminals
Author
Allison Humphries Avatar
Content Creator Audubon

Proactive Approach to Asset Integrity Management

Asset integrity management has become increasingly important with many companies today electing to upgrade brownfield facilities in order to improve efficiency and extend operational life.

Oil and gas infrastructure across the globe is aging, and as it does, the task of managing the risks associated with its operation becomes more difficult. This is particularly the case in the offshore industry, where it’s estimated that more than 50% of all platforms built in the late 1970s and early 1980s have eclipsed their operational life by as much as 15 years (source: Oil and Gas IQ). Midstream infrastructure in North America is in a similar state – with almost half of U.S. crude oil pipelines having been built before 1960 (source: PHMSA).

The International Association of Oil and Gas Producers (OGP) defines asset integrity as follows

“asset integrity is related to the prevention of major incidents. It is an outcome of good design, construction, and operating practices. It is achieved when facilities are structurally and mechanically sound and perform the processes and produce the products for which they were designed.”

Asset Integrity Management and Operators

Many operators continue to approach asset integrity management on a reactive basis, in which issues with equipment and systems are addressed only after they’ve started to negatively impact the operation. In addition to higher maintenance costs, this often results in more unplanned downtime, increased risk, and an inability to meet strategic production goals.

Taking a proactive approach and identifying potential risk threats during the conceptual phase of a brownfield (or greenfield) project can help to avoid these problems. Equipment selection is a critical part of this process and it often has a large impact on how much time and resources will be spent on asset integrity management throughout the life of a facility.

Although selecting the most advanced solution is a route taken by many pipeline operators, it may not always be the most beneficial. This is largely due to the fact that more advanced systems typically have higher acquisition costs and highly specific manpower requirements. In some cases, the more advanced choice may also be “overkill” – resulting in unnecessary complexity and a significantly lower return on investment (ROI).

Engaging early with contractors and vendors to ensure that a system, technology, or piece of equipment is optimal given the specific requirements of a project is key to prevent and minimize unnecessary integrity management costs of oil and gas facilities.

Allison Humphries Avatar

Related services we offer

Vapor Recovery
Achieve vapor recovery, regulatory compliance, & sustainable energy at once.
Industrial Control Panel Fabrication | Audubon
Leverage significant EPC experience for specialized control panel design and delivery.
Regen-Filter-Skid_edited
Improve time and cost efficiencies with Opero Energy's turnkey processing equipment and systems.
On-Site Water Treatment Solutions | Field Services | Audubon
Eliminate the need for frac tanks with customized, turnkey, trailer-mounted water treatment solutions.
Disaster Relief Engineering, Recovery & Restoration | Audubon
Recover quickly from catastrophic events with our multidisciplinary capabilities and technical field expertise.
Crane + Heavy Lift
Empower your new-build construction, operations, maintenance, and decommissioning projects with reliable equipment and expert operators.
Asset Integrity and Corrosion Solutions | Audubon
Safely and reliably extend productive life with customized solutions that boost asset integrity and combat corrosion.
GIS Mapping & Data Management | Capabilities | Audubon
Optimize your data management with powerful, highly accurate GIS solutions.
Carbon Capture | Capabilities | Audubon
Achieve your success metrics for decarbonization without sacrificing profits with our scalable CCUS solutions.
Process Safety Management & Risk Management | Audubon
Proactively assess your risk and enhance operational safety.
In-Plant Engineering Services | O&M | Capabilities | Audubon
Bolster your team with the personnel needed to meet your engineering objectives.
Environmental Consulting & Regulatory Services
Meet complex requirements, mitigate risk, and maximize project economics.
Decommissioning Services | Operations & Maintenance | Audubon
Unlock the hidden value of end-of-life assets with optimized decommissioning services and dismantling strategies.
Commissioning and Start-Up | O&M Capabilities | Audubon
Boost uptime, safety, and performance from final construction to operation and handover.
Process Optimization and Debottlenecking | Capabilities | Audubon
Enhance, extend, and maximize the productivity of brownfield assets for optimal return on investment.
Turnaround Management Services | O&M | Audubon
Accelerate project timelines, improve plant performance, and circumvent issues before they affect operations.
Non-Destructive Evaluation & Inspection | Audubon Companies
Make better decisions and minimize risk with comprehensive non-destructive evaluations and ancillary inspections of energy, utility, and power assets.
Material Verification Solutions | Capabilities | Audubon
Choose a systematic approach to material verification that ensures traceable, verifiable, and complete (TVC) operations.
Industrial Control Systems | Automation & Control | Audubon
Maximize efficiency and safety with solutions built on experience, technical capability, and data-driven insight.
Right-of-Way & Land Services | Capabilities | Audubon
Integrate local expertise and specialized knowledge to solve your complex land and right-of-way challenges.
Surveying & Mapping | Capabilities | Audubon
Leverage the latest digital survey and mapping technologies to maximize your project’s success, regardless of its size or scope.
Vendor Surveillance & Inspection Services | Capabilities | Audubon
Increase transparency and ensure quality and compliance for all of your equipment and purchased products with vendor surveillance.
Inspection Services | Facilities & Pipelines | Audubon
Ensure the availability, safety, and reliability of your facilities and assets with global inspection services.
Construction Management | Capabilities | Audubon
Improve productivity and efficiency while reducing field downtime and costs with tailored construction management services.
SCADA Systems | Automation and Control | Capabilities | Audubon
Drive stronger business decisions with scalable, fit-for-purpose SCADA systems.
Safety Instrumented Systems | Automation and Control | Audubon
Maintain compliance, integrity, and reliability across the safety system lifecycle with a holistic view of your asset.
Operational Technology | Automation and Control | Audubon
Fortify your infrastructure, optimize network performance, and minimize cyber risk.
fbb645fab9d13b81da4f04eba73d9586 (1)
Maximize project value with integrated engineering and project management services.
9d0295eb325f826726d41ddf68193976 (1) (1)
Better define work scope and decrease uncertainty while meeting strategic objectives through expert conceptual design and feasibility studies.
Owner's Engineering Services | Capabilities | Audubon
Safely and efficiently develop projects with owner’s engineering services provided by a partner you can trust to advocate for your business goals.
DJI_0368 (1)
Execute your construction project with the highest levels of quality and safety.

Related news + insights

Jun. 13, 2023|
Blog|
Debottlenecking: What It Is and How It Can Help Optimize Downstream Processes
Pipeline Safety | PHMSA Issues New Rules | Audubon
Mar. 16, 2020|
Blog|
Are You Ready? PHMSA Issues New Rules to Overhaul Pipeline Safety – Part 2
Pipeline Safety | PHMSA Issues New Rules | Audubon
Feb. 11, 2020|
Blog|
Are You Ready? PHMSA Issues New Rules to Overhaul Pipeline Safety – Part 1