Lloyd’s Register Energy forms end of field life services group
Lloyd’s Register Energy has launched a new service focused on assets at late life stage and those nearing the end of production.
LONDON– Lloyd’s Register Energy has launched a new service focused on assets at late life stage and those nearing the end of production.
The new service aims to help operators maximize economic recovery and reduce costs by eliminating unnecessary inspection and maintenance activities.
In a marketplace of tighter margins, identifying where best to concentrate inspection, maintenance, and other core operational activities is a critical success factor for operators, said Lloyd’s Register.
“Thanks to successful asset life extension (ALE) studies and the application of asset management methodologies along with advances in technology, assets and fields have successfully produced well beyond their original design life”, says Ken Bruce, SVP Asset Integrity Services, Lloyd’s Register Energy.
“But there comes a time when operators must consider the viability and profitability of their assets as they move from extended production to late life and cessation ofproduction.”