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GREY Field™

3 PILLARS OF ASSET PORTFOLIO REDUCTION

An End-of-Life Assessment consists of determining when the product or pieces of the product will start approaching End-of-Life.

PILLAR 1 - Vulnerability Prediction Modelling

 

During the Brown Field asset life-cycle stage then Asset Integrity Group propose that this analysis would be performed on particular pieces of equipment, for example to perform a crane or turbine vulnerability study.

 

During the Grey Field™ stage of the asset life-cycle then this would be performed on every piece of safety critical and operationally critical equipment and structures, this would then determine whether the equipment or asset should be divested or decommissioned.

PILLAR 2 - Divestment: Whole asset or In Parts

 

The Green Field Reliability Prediction and FMECA predict when End-of-Life is likely to occur and Accelerated Life Tests measure End-of-Life (for those components susceptible to it). Decisions must be made based on these analyses and tests, as well as the trend of data from the field to determine when to stop sending failed products back out in the field, and when to start offering upgrades and trade-ins.

 

Asset Integrity Group Perform End-of-Life Assessments to:

 

  • Determine when a product is starting to wear-out in case the product needs to be discontinued.
  • Monitor preventive maintenance strategy and modify as needed.
  • Monitor spares requirements to determine if a change in allocation is necessary.
  • Tie back to End-of-Life Analysis done in the Design Phase to determine accuracy of analysis.

PILLAR 3 - Decommission

 

Asset Integrity Group’s Impact management process conforms with the Decommissioning Programme governed under UK law by the Petroleum Act 1998 [Ref 1], as amended by the Energy Act 2008 [Ref 2].

 

The Impact Management program would be prepared taking into account the Department of Energy and Climate Control (DECC) Guidance Notes [Ref 3], incorporating the UK’s obligations under the Oslo and Paris (OSPAR) Decision 98/3 on the Disposal of Disused Offshore Installations [Ref 4]. OSPAR Decision 98/3, which entered into force on 9 February 1999, prohibits the dumping and leaving, wholly or in part, of offshore Installations.

ASSET INTEGRITY GROUP LTD

Company Number: SC532960

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(+44) 01224 958 656

info@assetintegrity.group

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