The effective management of an asset’s lifecycle requires a highly complex analysis of the risks and the associated costs. Inevitably, trade-offs will occur between the short-term and long-term benefits of each possible decision.
Very often, stakeholders will need to evaluate and perform reviews to develop the expectations, the scalability and the method for which they use to manage their hydrocarbon asset to achieve maximum life for the costs incurred.
PIP360 understands these challenges and can bring expert analysis and EOL calculations to boost the capabilities of asset integrity departments, engineers and managers to effectively validate and add value (I.e., reduce O&M annual budgets) to their already challenging and costly asset management programs.
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Analysis of historical & current conditions offers predictive insights
PIPVIEW analysis provides historical and current status and predicts future status based on recent operating conditions.
This is actionable information for Asset Integrity Engineers preparing a Scope of Work and for field Quality Control Inspectors who may need to make decisions based on other information not available to the Asset Integrity Engineers and Maintenance Planners.
Integration with Scope of Work preparation and access to maintenance history is included in the PIPVIEW analysis.