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@lifetechengineering
Risk mitigation and the prevention of harm to people, the environment and assets is a major...
Risk mitigation and the prevention of harm to people, the environment and assets is a major concern in the Oil & Gas industry. Our Risk Based Inspection Services help tackle these issues and ensure efficiency of your asset.
Want to get an edge on all things RBI? Start your training with us and get an in-depth knowledge...
Want to get an edge on all things RBI? Start your training with us and get an in-depth knowledge of all aspects of the subject, from inspection, to consequences, risk calculations, and implementation of Risk Based Inspection.
Risk Based Inspection and its importance in the Oil & Gas Industry
Risk mitigation and the prevention of harm to people, the environment and assets is a major concern in the Oil & Gas industry. Our Risk Based Inspection Services help tackle these issues and ensure efficiency of your asset.
Get your API 580/581 RBI Certification now with our Training Courses
Want to get an edge on all things RBI? Start your training with us and get an in-depth knowledge of all aspects of the subject, from inspection, to consequences, risk calculations, and implementation of Risk Based Inspection.
Risk-Based Inspection (RBI) methodology described in API RP 580/581 is a proven tool for optimisation of inspection, monitoring and maintenance activities.
How RBLX software can improve the safety, efficiency, and life of your asset
Our tech-savvy RBLX software is a powerful tool, probably all you will ever need to assess and predict risk on your assets.
Asset integrity management (AIM) services help oil and gas industries maintain assets to ensure better productivity, reliability, and safety by reducing risks and meeting relevant regulations.
RBLX Software: Inspection of your asset just got easier
Technology has advanced and so have we. With our cloud-based, autonomous RBLX integrity management software it is easier to identify potential damage and keep your asset safe.
Best Oil and Gas Asset Management Software
Asset management is an ongoing task  in the oil and gas industry as corporations  are faced with  maximizing performance whilst  controlling costs and addressing safety responsibilities. This is especially true for drilling and exploration operations as they involve dealing with mobile  assets. Onshore, refineries cannot afford downtime because of the high operational costs involved.
LifeTech Engineering is the market leader in providing comprehensive asset management software services to  the world-wide oil and gas industry.  We have designed software that helps to maintain assets while maximizing performance, minimizing downtime, and ensuring the safety of personnel.
Our  software provision includes:
1.     RBI Software for Integrity Management
RBI software helps with Risk-Based Inspection analysis and is used by oil and gas companies across the world. RBI methodology when performed as described in the API RP 580/581 documents optimizes inspection, monitoring, and maintenance activities. RBI analysis involves an inspection plan based on a risk criticality matrix addressing relevant  damage mechanisms, recommended inspection techniques, and due dates for inspection.
RBLX software creates and keeps tracks of inspection schedules for different equipment. It is also used to record the result of every inspection for later review and analysis.
2.     FFS Software:
Fitness for Service software is used to evaluate condition of equipment with regard to its ability to perform its intended function satisfactorily and safely. Â FFS analysis helps engineers reduce operational and safety risks associated with equipment and to ensure that it adheres to industry standards. The FFS software helps mitigate safety risks by performing FFS assessments and evaluating damaged or flawed pressurised components. FFS software is important because it indicates that the equipment is suitable for current operating conditions, thereby reducing operation costs and shutdown.
3.     Ageing and Life Extension Software:
Life extension studies assess the capability of equipment to operate beyond their original design life, Â maintaining acceptable standards of operational and technical integrity. Fusion ageing and life extension software helps identify ageing equipment, damage mechanisms, calculate damage factors, calculate POF, COF, and RISK. It calculates remaining life while calculating life extension period and recommending inspection and maintenance plans.
With ageing and life extension software, you can mitigate key issues like age-related deterioration and structural degradation. Â Engineers perform a thorough assessment of equipment to ensure that there is sufficient technical, operational, and organizational integrity to ensure safe operation throughout the life extension.
4 The benefits of using specialist Integrity Management Companies
Oil and gas integrity management companies assist operators in maximizing returns on their assets. They help to improve operational efficiency, by optimizing the use of assets, maintaining uptime, and reducing maintenance costs. They use predictive analytical tools to identify potential failures and maintenance issues. They primarily offer 4 different services:
1.     Asset Integrity Management:
As the term suggests, asset integrity management involves assessing if the asset has the capability to run efficiently and accurately while protecting the lives of the people involved. It also involves putting in place various measures to safeguard operations during the life of an asset. AIM is not done as a piecemeal effort; rather, it is done to the complete asset – right from its design, throughout operational life, to dealing with decommissioning and possible replacement.
2.     Risk Based Inspection:
Did you know more than 50% of pipelines in the US are at least 50 years old, and directly responsible for hundreds of incidents every year? There are a wide range of issues that could lead to a potentially dangerous situation. Risk based inspection is a process where risk is managed by addressing and mitigating possible causes of failure and the consequences of failure. Â
It is used to prioritize assets for inspection; RBI helps maximize resources by focusing on equipment with higher risks and avoiding assets that are unlikely to be risky. RBI is generally estimated by using this formula: Probability of Failure (PoF) x Consequences of Failure (CoF) = Risk.
3.     Fitness for Service Assessment:
Fitness for Service (FFS) assessment helps determine if an equipment is fit for continued service. It helps define limits for flaw acceptance and even allows engineers to differentiate between acceptable and unacceptable flaws based on industry accepted standards. FFS can be viewed in terms of current and future FFS or the remaining life of the equipment. FFS is important because it is not feasible to repair or replace all equipment. A lot of equipment can be used despite its flaws; repairing or replacing could be costly and do more harm than good.
4.     Ageing and Life Extension Management:
Ageing and Life Extension management is a process used to sustain the business needs of existing facilities by reviewing their remaining life and ensuring reliability and integrity. The strategy helps develop safe and cost effective measures to manage the life extension of these assets. The process involves performing a formal assessment to ensure there is enough sufficient technical and operational integrity to ensure safe operation throughout the life extension.
Through our oil and gas life extension services, we aim to help clients..
Through our oil and gas life extension services, we aim to help clients assess the integrity of their equipment when they are in their life extension period.
Life Tech offers fitness for service assessments to help clients evaluate the structural integrity...
Life Tech offers fitness for service assessments to help clients evaluate the structural integrity of an in-service component and assess the adequacy of a structure for continued service without failure.
What Is Risk Based Inspection? Why Is It Important?
Downtime, especially unplanned downtime, can be costly for oil and gas organizations. It is estimated that offshore oil and gas companies lose around $49 million every year due to unplanned downtime. Operators that use a predictive and proactive approach experience up to 36% less downtime than those that follow a reactive approach. Risk-Based Inspection is one such proactive approach to reduce non-productive time, thereby saving time and resources.
What Is Risk Based Inspection?
Risk-Based Inspection, or RBI is a methodology that involves prioritizing assets based on their probability to fail and the consequences of such failure, i.e., the risk associated with the failure. Unlike time-based inspection procedures, RBI helps improve reliability and safety and maximises resources. Thus, it is essentially a risk analysis that is used to determine:
a)Â Â Â Â Â Type of damage that may occur
b)Â Â Â Â Â The place where such damage may take place
c)Â Â Â Â Â The rate at which such damage is likely to take place
d)Â Â Â Â Â The consequences of failure, i.e., what would happen if the failure actually occurred. Â
Risk-based Inspection can be calculated as the Probability of Failure (PoF) of an asset X the Consequence of Failure.
Prioritizing maintenance of assets based on level of risk helps save time and money spent on time-based inspections which may not be necessary and have inconsequential risks. RBI gives companies a better perspective on the health of their critical assets while simultaneously improving safety and reducing downtime.
What are the Components of Risk Based Inspection?
Probability of Failure (PoF): This refers to the likelihood of an asset failing within a given time. Evaluating PoF helps understand the potential damage to which an individual item of equipment could be susceptible and identify potential issues that could pose a risk to the equipment.
Consequences of Failure (CoF): This refers to the consequences that follow when there is  failure of a specific asset. This is then ranked, in order of significance, viz—health and safety, environmental impact, financial impact, etc.
What are the Benefits of Conducting Risk Based Inspection?
RBI or Risk Based Inspection Services are extremely effective in identifying assets that need the most attention. RBI helps identify assets that pose the highest risk to be inspected frequently so that low-risk assets can be inspected at longer intervals. Some of the most common benefits of using risk-based inspection services include:
1.Cost-effective inspection of the most critical assets.
2. Risk Based Inspection ensures reliable equipment and plant operation
3. Adherence to Local Codes: This improves the safety and efficiency of the equipment
4. Reduced downtime.
LifeTech Engineering’s risk-based inspection software has helped oil and gas companies worldwide expand and grow and reduce turnaround time.
Risk-Based Inspection (RBI) identifies Assets for inspection based on their associated risks rather than a predetermined fixed time interval...
Risk-Based Inspection (RBI) identifies Assets for inspection based on their associated risks rather than a predetermined fixed time interval. RBI has replaced Time-Based Inspection in the oil & gas industry. Risks are managed primarily through equipment inspection.
Service consultants in the oil and gas industry to provide a range of services, including assisting oil ands gas engineers with the computational challenges in exploration and production, They help improve plant efficiency and productivity by managing risks. Visit us at www.lteng.co.uk/ to learn more.
RBI Implementation Challenges & Resolution Strategies - Established Plants vs New Plants...
RBI Implementation Challenges & Resolution Strategies - Established Plants vs New Plants - Reza Shahrivar, Asset Integrity Manager - Keith Walton, Business Development Manager
Summary • RBI can be done for all Stages of equipment life, ideally RBI should be addressed at EPC. Stage (Stage 0) before initial inspection. • There are different challenges for each Stage. • Note the challenges and have a robust strategy in place for each Stage. • Define and agree clear Scopes of Work. • Work schedules should be realistic, consider all issues and challenges. • A competent and reliable software is required which can address each Stage. • Assemble a competent team of specialists, comprising of Client and RBI Contractor personnel. • Regular review meetings and open communication between all parties is essential. • Lessons learned workshops should be conducted at set periods of the project. • Present and discuss RBI results with technical authorities and management; agree future programme of work.
Asset Integrity Management System Oil And Gas | LifeTech Engineering
Asset Integrity Management Systems are used to manage the capability of an asset to perform any required function throughout its lifecycle. AIM makes sure systems that ensure delivery integrity perform when required. Visit us at https://www.lteng.co.uk/ to learn more.
Risk-Based Inspection Implementation: A Methodology For Optimizing Efficiency
RBI implementation is a viable alternative to time-based inspection programs that improve the detection of asset downtime while prioritizing assets with the highest risk. Thus items with low risk are reduced or excluded from the normal inspection programs. This allows people to focus resources strategically and maintain operational safety and stability. Visit https://www.lteng.co.uk/ to learn more.
We are one of the best (RBI) Risk Based Inspection companies in the UK...
We are one of the best (RBI) Risk Based Inspection companies in the UK. RBLXTM, our quantitative/semi-quantitative cost-effective RBI software suite is best to implement RBI, CRA, Remaining Life Assessment, and Life Extension projects.