Mature assets account for more than 70% of world production across a range of industries, presenting significant challenges to reliability and production. Many companies have relied on their platforms and machinery for longer than was anticipated, subsequently forcing a strategic re-think of how to extend and manage the lifetime of these assets.
Asset life extension goes beyond basic maintenance. A lack of maintenance records, sourcing spare parts, processes and knowledge transfer all impact on how you can effectively maintain and operate your assets safely.
An asset management model provides a structured, cost-effective way to operate and maintain high-risk, capital-intensive assets, helping you to identify where to concentrate inspection, maintenance and core operational activities to extend the life of your assets.
Download our latest whitepaper and learn:
- How to manage the challenges of ageing assets
- The benefits of a structured management program for asset life extension
- Developing and implementing ageing mitigation plans
- How organisational factors can influence the ALE