asset late life opportunities
io delivers much needed certainty into identifying opportunities and planning the latter stages of assets life cycles.
Managing late life opportunities requires in-depth knowledge of the asset condition
With mature oil & gas producing provinces around the world having on and offshore assets approaching or exceeding their original design life, effective late life management is critical to their continued safe and profitable operation.
Understanding asset late life opportunities and the associated operational risks, requires in-depth knowledge of the condition of existing systems and how functional requirements change over time related to the assets integrity, reliability, and availability. Awareness of these fundamental operational aspects determines what changes are feasible based on current operational criteria and what alternative operating modes may be achievable based on the condition of the assets and changing business drivers.
Bespoke brownfield modifications are typically required throughout the asset lifecycle but during late life operation when OPEX is high and revenue is typically low, then drawing on the expertise of our specialist late life experts, we support our clients in understanding the critical requirements associated with late life operation and help develop bespoke brownfield solutions to maximise the potential of their maturing assets before planning for asset retirement.
io’s asset late life management team has an independent track record of successfully delivering much needed certainty into identifying opportunities and planning the latter stages of assets life cycles. We work in partnership with our clients to achieve specific business objectives. We propose a formidable combination of an agile free-thinking consultancy offering a broad range of capability and unrivalled expertise to assist in maximising economic recovery.
Asset retirement after all late life opportunities have been investigated and exhausted.
Asset retirement, through decommissioning, abandonment and restoration of the facilities and associated infrastructure, are great opportunities disguised as impossible challenges rather than an end game for the assets. io’s specialist decommissioning experts work seamlessly with the asset operator or owner to confirm robust solutions, strategies and plans for cost effective asset retirement.
io’s multi-discipline asset retirement team has an independent track record of successfully delivering an extensive range of services relating to asset decommissioning, abandonment and restoration, offering an efficient, local and responsive service on a global scale, operating with deep domain knowledge and experience in this specialist area in combination with our clients.