A Petroleum company in the Middle East faces several gas pipelines coming closer to exceeding their design life, posing a potential risk to the integrity and operational ability of the network.
Penspen's team established an optimum life extension strategy for the client by providing Risk-Based Inspection studies and Fit-For-Service Assessments.
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As many assets in the oil and gas industry are nearing the end of their originally intended design life, asset life extension has become an increasingly attractive option to avoid decommissioning assets.
The process is not always about the age of the pipeline, its about the condition, and the impact it may face over time.
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The industry publication Marine and Offshore, released an article named ‘Life Extension: Making The Most Of Offshore Assets’ detailing a few of the key reasons for selecting Life Extension as an integrity management process.
One of our experts weighed in on the discussion, outlining the key factors of life extension and its relevant drivers.
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