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Asset Life Extension

Meet your operating life aspirations as our ageing asset management experts provide a full assessment of your aged assets, plant and systems to optimise your maintenance and inspection expenditure and highlight key ageing threats.

What is an ageing asset?

An ageing plant has typically been operating beyond its initial design life and is likely to have gone through significant changes, ranging from modifications to expansions and design changes.

As assets age, several challenges usually arise, such as the loss of asset-specific knowledge and skills, over or under-maintained equipment and the general degradation of asset infrastructure and the plant.

Peter Adam

Peter Adam

Group MD – Asset and Integrity Management

Challenges facing ageing assets

Loss of knowledge and skills due to the ageing workforce or turnover

Changes in operating or process conditions that can lead to new corrosion and erosion threats

Our ageing asset management solutions

Comprehensive structural analysis

Conduct in-depth structural assessments of fixed and floating facilities, including cathodic protection evaluations, to ensure continued safety and compliance with class requirements.

Integrity strategy review

Evaluate and optimise your integrity strategy, addressing plant corrosion, erosion, and degradation threats with tailored mitigation plans to extend asset life and enhance operational safety.

Obsolescence management services

Proactively address obsolescence issues related to spares, software, and OEM/service suppliers, ensuring your assets remain operational and supported as they age.

Material and spares management

Optimise material and spare management processes to ensure critical components are available when needed, minimising downtime and reducing unnecessary inventory costs.

Maintenance strategy review

Refine your maintenance strategy with a focus on regulatory compliance, safety, production efficiency, and environmental protection, ensuring optimal asset performance.

Training and competence

Enhance your team’s expertise with targeted training modules, ensuring that your workforce has the skills and knowledge needed to manage assets effectively.

How our solutions benefit ageing assets

Extend asset life and ensure compliance by working with class
authorities and regulators

Asset life extension case studies and blogs

Asset Vulnerability and Life Extension Study

Asset Vulnerability and Life Extension Study

Challenge faced by the client The operators existing crane had…

Overcoming common challenges associated with aging plants

Overcoming common challenges associated with aging plants

An aging plant is one that has typically been operating over…

Technical Integrity and Asset Lifetime Extension Assessment

Technical Integrity and Asset Lifetime Extension Assessment

The challenge To develop a measurement tool that that aggregates…

The 2023 Global Maintenance Manager Report

Produced by our Asset & Integrity Management specialists, this report features survey responses from hundreds of maintenance professionals from around the world as well as analysis and tips from industry experts.

By filling in the form below, you can speak to one of our experts to learn more about our solutions, request a quote or book a software demonstration.