Extend Asset Lifetime
Improve plant productivity through better asset performance and risk reduction
Extend Asset Lifetime
Extend asset lifetime is a growing problem around the world and is a concern of many operators. For example, 42% of all offshore facilities worldwide are over 15 years old. So it is very crucial to proactively manage the process safety, reliability, and performance of an asset once it is operational.
Many companies strive to reduce operational costs and extend the life of aging assets, and this is critical for reducing the Total Cost of Ownership (TCO). Evaluating and decreasing TCO is becoming more critical as industries mature and look to increase profits by reducing costs. Conducting life cycle cost analysis, improving asset life extension, and streamlining maintenance are essential tools.
Organizations must plan and implement measures, like an AMADAS system, to maintain and monitor aging equipment to preserve cost benefits while reducing potential risks. So they can control their Total Cost of Ownership better.
Ways we can help to extend the lifetime and better results
To get better insights, it is important to watch the current conditions from your assets and contextualize these assets into the best situation overview. This means that the assets condition needs to be viewed in the light of the project and business targets. Unexpected maintenance of your failed assets would that be detrimental to safe and continued operations? Our Subject Matter Experts combine all key assets to provide real-time data to remote monitor, maintain, determine and improve the performance of your assets, like process analyzers. Our team helps you to go from problem-solving to preventing errors. This results in a more profitable, safer, and sustainable environment for the organization and its employees.
