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part of Aker
2011 Aker Solutions
Risk Based InspectionDynamic optimisation of inspection plans
ystein Bjaanes, Manager AIM Competence Centres
part of Aker
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2011 Aker Solutions part of Aker February 2011 Slide 2
Content
Aker Solutions in brief Who we are and what we do Risk Based Inspection Dynamic optimisation of inspection plans / integrated planning Non-Intrusive Inspection a significant contribution to optimisation
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part of Aker
2011 Aker Solutions
Who we are and
what we do Aker SolutionsJanuary 2012
part of Aker
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2011 Aker Solutions part of Aker
In Brief
Slide 4
Aker Solutions in brief
A leading global providerof engineering andtechnology, products andservice solutions to the oiland gas industry
Employees: 18 000Contract staff: 4 600Operations in 30 countries
Revenues and profits are for 2010Market value as of 04.11.2011
Operatingrevenues
NOK 33.4 bn
Operatingprofit (EBITDA)NOK 3.3 bn
Market
capitalisationNOK 18.3 bn
11th largeston OBX index
http://www.akersolutions.com/NR/rdonlyres/9F747D0E-B281-43A3-B604-0305DF2EDD00/20975/DES004.jpg8/9/2019 O_Bjaanes
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2011 Aker Solutions part of Aker Slide 5
Our vision and valuesBuil t on more than 170 years of industr ial tradition
Our vision
is to be " The preferred partner for solut ions in the oil and gas industry " through living ...
Our values
Customer drive
HSEmindset
Peopleand teams
Open anddirect
dialogue
Hands-onmanage-
ment
Deliveringresults
Buildingcustomer
trust is key toour business
We take personalresponsibility for
HSE becausewe care
All our major achievements
are teamefforts
We encourageearly and honestcommunication
We know our business and get
things done
We deliver consistently and
strive to beatour goals
In Brief
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2011 Aker Solutions part of Aker In Brief
Slide 9
Engineering solutions
Engineering providesfull field developmentunderstanding, front-enddesign and conceptualengineering
Slide 9
Aker Solutions main offerings
Product solutions
Field-life solutions
Subsea productionsystems and lifecycleservices, wellheads,controls, manifolds andtie-in systems
Drilling technologiesincl. full range of drillingequipment, drilling risersolutions and relatedproducts.
Process systemstechnologies withinwater injection, gasprocessingconventional and heavyoil treatment, producedwater and sandhandling and others.
Well i nterventionservices incl. wireline,wireline tractor,logging, light wellintervention etc.
Oilfield Services &Marine Assets offersdeepwater wellintervention services andsubsea construction.
Maintenance,Modifications &Operations specialistwho help oil companiesreduce operating costsand extend life-of-field.
Umbilicals Static anddynamic umbilicalsand subsea powercable systems for theoil and gas sector
Mooring and loadingsystems supply design,engineering and supply ofinnovative deckmachinery.
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2011 Aker Solutions part of Aker
Aker Solutions Asset Integrity Management (AIM)
MaintenancePlanning
Execution
Inspection &Monitoring
Analysis &Improvement
Maintenance
Philosophy& Strategy
Maintenanceprogramme &
budget
OPEX
CAPEXData base
I ICCPE
Design Integrity
Asset Integrity Management Services
Maintenance frame agreement contractor
...is differentiated by providing AIM services from well to shore
throughout the entire life cycle
Maintenance & InspectionEngineering
Technical Integrityanalysis & studies
Data Management,Systems & Tools
Advan ced Insp ecti on &Monitoring Technology
In-Service Inspection &Corrosion Management
Structural IntegrityManagement
Subsea IntegrityManagement
Fabrication & WeldInspection (NDT)
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2011 Aker Solutions part of Aker February 2011 Slide 11
Content
Aker Solutions in brief Who we are and what we do Risk Based Inspection Dynamic optimisation of inspection plans / integrated planning Non-Intrusive Inspection a significant contribution to optimisation
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2011 Aker Solutions part of Aker February 2011 Slide 12
45VedlikeholdDen ansvarlige skal sikre at innretninger eller deler av disse holdes ved like, slik at de er i stand til utfre sine tiltenktefunksjoner i alle faser av levetiden.
46KlassifiseringInnretningers systemer og utstyr skal klassifiseres med hensyn til konsekvensene for helse, milj og sikkerhet av potensiellefunksjonsfeil.For funksjonsfeil som kan fre til alvorlige konsekvenser, skal den ansvarlige identifisere de ulike feilmodiene medtilhrende feilrsaker og feilmekanismer, og ansl feilsannsynlig-heten for den enkelte feilmodusen.Klassifiseringen skal legges til grunn ved valg av vedlikeholdsaktiviteter og vedlikeholds-frekvens, ved prioritering av ulikevedlikeholdsaktiviteter og ved vurdering av reservedelsbehov.
47VedlikeholdsprogramFeilmodi som utgjr en helse-, milj- eller sikkerhetsrisiko, jf. 44 , skal forebygges systematisk ved hjelp av etvedlikeholdsprogram.I programmet skal det inng aktiviteter for overvking av ytelse og teknisk tilstand, som sikrer at feilmodi som er underutvikling eller har inntrdt, blir identifisert og korrigert.Programmet skal ogs inneholde aktiviteter for overvking og kontroll av feilmekanismer som kan fre til slike feilmodi.
48Planlegging og prioriteringDet skal utarbeides en samlet plan for utfring av vedlikeholdsprogram og korriger-ende vedlikeholdsaktiviteter, jf.styringsforskriften 12 .Det skal foreligge kriterier for setting av prioritet med tilhrende tidsfrister for utfring av de enkelte vedlikeholdsaktivitetene.Kriteriene skal ta hensyn til klassifiseringen som nevnt i 46 .
Bakgrunn - Aktivitetsforskriften
http://www.ptil.no/aktivitetsforskriften/aktivitetsforskriften-n-article3849-379.htmlhttp://www.ptil.no/styringsforskriften/styringsforskriften-n-article3857-382.htmlhttp://www.ptil.no/aktivitetsforskriften/aktivitetsforskriften-n-article3849-379.htmlhttp://www.ptil.no/aktivitetsforskriften/aktivitetsforskriften-n-article3849-379.htmlhttp://www.ptil.no/styringsforskriften/styringsforskriften-n-article3857-382.htmlhttp://www.ptil.no/aktivitetsforskriften/aktivitetsforskriften-n-article3849-379.html8/9/2019 O_Bjaanes
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2011 Aker Solutions part of Aker February 2011 Slide 13
Bakgrunn Vedlikeholdsstyringsslyfa,Ref. Basisstudien, OD1998
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2011 Aker Solutions part of Aker February 2011 Slide 14
Risk Based InspectionStart
ScopeDevelopment
Teamselection
RBIScreeningworkshop
Screeningconsequence
level
Documents& data for
RBI
Level 2 RBIassessment
Risk level /inspection plan
OK?
Risk level /inspection plan
OK?
Detailedinspectionplanning
End
Significant
Yes
Yes
No
No
Insignificant
Screeningprobabilitylevel
InsignificantSignificant
Documents andmechanical
data
Correctivemaintenance
PlannedCorrective
maintenance
Upload toCMMS &
CIMS
oo Integrity / inspection philosophyo risk matrix definition o
Estimate PoF & CoFaccording to risk matrixdefinition
Reviewengineering of
item
Screeningprobabilitylevel
Significant Insignificant
Monitor forPoF drivers
PoFassessment
CoFassessment
Level 3 RBI assessment
Risk Based Inspection Framework:
RBI in accordance with DNV RP-G101 and API580/581
Secure optimum availability at acceptablerisk
Prioritize inspection efforts on the itemsdriving the risk
Document the evaluation leading todefinition of inspection and condition
monitoring programs Can be used to inform relevant stake
holders, e.g. governments, owners,management, technicians
An inspection framework based on RBI,and formalized through implementation ofRBI and inspection management software,as well as computerized maintenancemanagement system, gives a holistic viewand is a powerful tool, for managementand reporting of asset technical condition
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2011 Aker Solutions part of Aker February 2011 Slide 15
Risk Based InspectionStart
ScopeDevelopment
Teamselection
RBIScreeningworkshop
Screeningconsequence
level
Documents& data for
RBI
Level 2 RBIassessment
Risk level /inspection plan
OK?
Risk level /inspection plan
OK?
Detailedinspectionplanning
End
Significant
Yes
Yes
No
No
Insignificant
Screeningprobabilitylevel
InsignificantSignificant
Documents andmechanical
data
Correctivemaintenance
PlannedCorrective
maintenance
Upload toCMMS &
CIMS
oo Integrity / inspection philosophyo risk matrix definition o
Estimate PoF & CoFaccording to risk matrixdefinition
Reviewengineering of
item
Screeningprobabilitylevel
Significant Insignificant
Monitor forPoF drivers
PoFassessment
CoFassessment
Level 3 RBI assessment
RBI work process: Scope development,agreement of procedures and teamdefinition
Scope in detail: Items to be included, as
well as detailed deliverables RBI Team to include correct competence
and experience:
Project management
Risk Based Inspection
Materials and corrosion
Safety risk analysis
Process and operation of the plant
NDT and inspection planning
Field inspectionMaintenance
CMMS and database management
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2011 Aker Solutions part of Aker February 2011 Slide 16
Risk Based InspectionStart
ScopeDevelopment
Teamselection
RBIScreeningworkshop
Screeningconsequence
level
Documents& data for
RBI
Level 2 RBIassessment
Risk level /inspection plan
OK?
Risk level /inspection plan
OK?
Detailedinspectionplanning
End
Significant
Yes
Yes
No
No
Insignificant
Screeningprobabilitylevel
InsignificantSignificant
Documents andmechanical
data
Correctivemaintenance
PlannedCorrective
maintenance
Upload toCMMS &
CIMS
oo Integrity / inspection philosophyo risk matrix definition o
Estimate PoF & CoFaccording to risk matrixdefinition
Reviewengineering of
item
Screeningprobabilitylevel
Significant Insignificant
Monitor forPoF drivers
PoFassessment
CoFassessment
Level 3 RBI assessment
RBI work process: Data collection -Documents and mechanical data:
General data (e.g. system definitions, areadefinitions, material specifications,
insulation specification, coating codes, riskmatrix, company specific philosophies etc.)
Equipment specific data (e.g. equipmentdesign parameters for temperature andpressure, dimensions, materials, coatings,insulation, product codes, location etc.)
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2011 Aker Solutions part of Aker February 2011 Slide 17
Risk Based InspectionStart
ScopeDevelopment
Teamselection
RBIScreeningworkshop
Screeningconsequence
level
Documents& data for
RBI
Level 2 RBIassessment
Risk level /inspection plan
OK?
Risk level /inspection plan
OK?
Detailedinspectionplanning
End
Significant
Yes
Yes
No
No
Insignificant
Screeningprobabilitylevel
InsignificantSignificant
Documents andmechanical
data
Correctivemaintenance
PlannedCorrective
maintenance
Upload toCMMS &
CIMS
oo Integrity / inspection philosophyo risk matrix definition o
Estimate PoF & CoFaccording to risk matrixdefinition
Reviewengineering of
item
Screeningprobabilitylevel
Significant Insignificant
Monitor forPoF drivers
PoFassessment
CoFassessment
Level 3 RBI assessment
Example risk matrices:
Refer API 581:
Example - Fit to specific customer:PoF Catup to Cat A B C D E
1 5 M H H H H
1,00E-01 4 M M H H H1,00E-02 3 L M M H H1,00E-03 2 L L M M H1,00E-04 1 L L L M M
CoF Category
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2011 Aker Solutions part of Aker February 2011 Slide 18
Risk Based InspectionStart
ScopeDevelopment
Teamselection
RBIScreeningworkshop
Screeningconsequence
level
Documents& data for
RBI
Level 2 RBIassessment
Risk level /inspection plan
OK?
Risk level /inspection plan
OK?
Detailedinspectionplanning
End
Significant
Yes
Yes
No
No
Insignificant
Screeningprobabilitylevel
InsignificantSignificant
Documents andmechanical
data
Correctivemaintenance
PlannedCorrective
maintenance
Upload toCMMS &
CIMS
oo Integrity / inspection philosophyo risk matrix definition o
Estimate PoF & CoFaccording to risk matrixdefinition
Reviewengineering of
item
Screeningprobabilitylevel
Significant Insignificant
Monitor forPoF drivers
PoFassessment
CoFassessment
Level 3 RBI assessment
RBI work process: RBI Screening:
High level evaluation to identify hazardsand assign each equipment tag to anintegrity strategy
Detailed RBI (sign. PoF and CoF)
Condition monitoring (insign. PoF, but sign. CoF)
Planned corrective maintenance(significant PoF, but insignificant CoF)
Corrective maintenance (insign. PoF and CoF)
PoF Probability of Failure
CoF Consequence of Failure
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2011 Aker Solutions part of Aker February 2011 Slide 19
Risk Based InspectionStart
ScopeDevelopment
Teamselection
RBIScreeningworkshop
Screeningconsequence
level
Documents& data for
RBI
Level 2 RBIassessment
Risk level /inspection plan
OK?
Risk level /inspection plan
OK?
Detailedinspectionplanning
End
Significant
Yes
Yes
No
No
Insignificant
Screeningprobabilitylevel
InsignificantSignificant
Documents andmechanical
data
Correctivemaintenance
PlannedCorrective
maintenance
Upload toCMMS &
CIMS
oo Integrity / inspection philosophyo risk matrix definition o
Estimate PoF & CoFaccording to risk matrixdefinition
Reviewengineering of
item
Screeningprobabilitylevel
Significant Insignificant
Monitor forPoF drivers
PoFassessment
CoFassessment
Level 3 RBI assessment
RBI work process: Detailed RBI / level 2
Semi-quantitative RBI analysis. Level ofquantification to be agreed with customer
Assessments performed on equipment /
corrosion circuit using available information,e.g. actual process conditions, operationalhistory, inspection history and findings
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2011 Aker Solutions part of Aker February 2011 Slide 20
Risk Based InspectionStart
ScopeDevelopment
Teamselection
RBIScreeningworkshop
Screeningconsequence
level
Documents& data for
RBI
Level 2 RBIassessment
Risk level /inspection plan
OK?
Risk level /inspection plan
OK?
Detailedinspectionplanning
End
Significant
Yes
Yes
No
No
Insignificant
Screeningprobabilitylevel
InsignificantSignificant
Documents andmechanical
data
Correctivemaintenance
PlannedCorrective
maintenance
Upload toCMMS &
CIMS
oo Integrity / inspection philosophyo risk matrix definition o
Estimate PoF & CoFaccording to risk matrixdefinition
Reviewengineering of
item
Screeningprobabilitylevel
Significant Insignificant
Monitor forPoF drivers
PoFassessment
CoFassessment
Level 3 RBI assessment
RBI work process: Level 3 RBIassessment
Where the detailed RBI indicatesunacceptably high risk or unacceptably
frequent inspection, a detailed study of therisk drivers is carried out
Recommendation of mitigating actions,e.g. equipment modifications, processchanges, operational changes
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2011 Aker Solutions part of Aker February 2011 Slide 21
Risk Based InspectionStart
ScopeDevelopment
Teamselection
RBIScreeningworkshop
Screeningconsequence
level
Documents& data for
RBI
Level 2 RBIassessment
Risk level /inspection plan
OK?
Risk level /inspection plan
OK?
Detailedinspectionplanning
End
Significant
Yes
Yes
No
No
Insignificant
Screeningprobability
levelInsignificantSignificant
Documents andmechanical
data
Correctivemaintenance
PlannedCorrective
maintenance
Upload toCMMS &
CIMS
oo Integrity / inspection philosophyo risk matrix definition o
Estimate PoF & CoFaccording to risk matrixdefinition
Reviewengineering of
item
Screeningprobability
levelSignificant Insignificant
Monitor forPoF drivers
PoFassessment
CoFassessment
Level 3 RBI assessment
RBI work process: Inspection planning andimplementation in CMMS
Detailed inspection planning providing detailson inspection intervals and time forinspection, inspection method, areas forinspection (including inspection drawings),how it shall be reported etc.
Inspection activities should be plannedtogether with other maintenance activitieswhere these have dependencies
Required procedures and work taskdescriptions
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2011 Aker Solutions part of Aker February 2011 Slide 22
Risk Based InspectionStart
ScopeDevelopment
Teamselection
RBIScreeningworkshop
Screeningconsequence
level
Documents& data for
RBI
Level 2 RBIassessment
Risk level /inspection plan
OK?
Risk level /inspection plan
OK?
Detailedinspectionplanning
End
Significant
Yes
Yes
No
No
Insignificant
Screeningprobability
levelInsignificantSignificant
Documents andmechanical
data
Correctivemaintenance
PlannedCorrective
maintenance
Upload toCMMS &
CIMS
oo Integrity / inspection philosophyo risk matrix definition o
Estimate PoF & CoFaccording to risk matrixdefinition
Reviewengineering of
item
Screeningprobability
levelSignificant Insignificant
Monitor forPoF drivers
PoFassessment
CoFassessment
Level 3 RBI assessment
RBI work process: Condition monitoringprogram
Establish integrity operating envelopes inorder to verify validity of RBI analysis andcheck PoF drivers against pre-defined limits
Define monitoring parameters on instrumenttag level / test points etc.
Monitoring to be focused on significantinfluence factors, e.g:
Corrosion / erosion probes; e.g. erosion
coupons, corrosion coupons, bacteriacoupons
Vibrations / stress monitoring
Process parameters; e.g. pressure,temperature, velocity, pH, oxygencontent, fluid conductivity, CO 2, H2S etc.
Performance parameters; e.g. heattransfer, pressure drop, chemicalinjection pump availability
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2011 Aker Solutions part of Aker February 2011 Slide 23Slide 23
Cost-benefits of process- and condition monitoring forstatic mechanical process equipment: a case study It is recognized that heat recovery units (HRSG) systems have
experienced significant problems due to leaks from water / steampiping and heat exchangers. Main degradation mechanism have been stress corrosion cracking
and corrosion fatigue in stainless steel pipes (SS316 / SS321) andflow assisted corrosion in carbon steel pipes.
Date Month 2011 Slide 23
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2011 Aker Solutions part of Aker February 2011 Slide 24Slide 24
Cost-benefits of process- and condition monitoring forstatic mechanical process equipment: a case study (cont) It has been recognized that monitoring of significant influence
factors (conductivity, pH, oxygen content, nitrite content) andacting on out of spec parameters could have prevented leaks Leaks and shutdown of steam loops implicates that electricity has
to be generated from gas driven generator Calculations from one installation offshore Norway indicates an
extra cost of $ 13-17 mill per year due to lost heat generation, aswell as $ 35-50 mill in modification costs
Date Month 2011 Slide 24
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2011 Aker Solutions part of Aker February 2011 Slide 25
Content
Aker Solutions in brief Who we are and what we do Risk Based Inspection Dynamic optimisation of inspection plans / integrated planning Non-Intrusive Inspection a significant contribution to optimisation
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2011 Aker Solutions part of Aker Slide 26
CMMS
Strategise
FMECASRCMRAMSLCCMTTFPFCRLSparesFailure Analysis
RBI RCM
AMST
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2011 Aker Solutions part of Aker Slide 27
CMMS
Monitor Static Equipment
Inspector
InspectionsUltrasonicsRadiographyStrainVisualVibration
AcousticsCorrosionProcess
FMECASRCMRAMSLCCMTTFPFCRLSparesFailure Analysis
Exceptions
DesicionSupport
RBI RCM AMST
Inspector S-ProI.S. Data Collector
CMDM 5660
Infrared Camera
Ultrasonics
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2011 Aker Solutions part of Aker Slide 28
CMMS
Monitor Rotating
Analyst
VibrationLube OilPerformanceStrainElectricalBalance
AlignmentBearing Inspection
FMECASRCMRAMSLCCMTTFPFCRLSparesFailure Analysis
RBI RCM AMST
Exceptions
DesicionSupport Protection
On-line
Off-line
Wireless
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2011 Aker Solutions part of Aker Slide 29
Reporting
Exceptions
DesicionSupport
Static Rotating
Results Reporter
Client Meeting RCARCFA
Exceptions
DesicionSupport
OPC OPC
CMMS
Planning Board
Planning
DashboardDCS SCADA
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2011 Aker Solutions part of Aker Slide 30
Integrasjon Router
Dashboard
OPC OPC
DCS(distributed controls system)
To @
Pi
SCADA(supervisory control and data acquisition)
To @
Smart Signal
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2011 Aker Solutions part of Aker Slide 31
Inspector S-ProI.S. Data Collector
CMDM 5660
Protection
On-line
Off-line
CMMS AnalystInspector
VibrationLube OilPerformanceStrainElectricalBalance
AlignmentBearing Inspection
FMECASRCMRAMSLCCMTTFPFCRLSparesFailure Analysis
Exceptions
DesicionSupport
Static Rotating
Results Reporter
RCFA RCAClient Meeting
Planning Board
RBI RCM
AMST
Integration Router
Exceptions
DesicionSupport
Dashboard
OPC OPC
Wireless
SCADA(supervisory control and data acquisition)
Smart Signal
DCS(distributed controls system)
Pi
Infrared
Ultrasonics
Eddy Current Inspectionof tube stack
InspectionsUltrasonicsRadiographyStrainVisualVibration
AcousticsCorrosionProcessThermography
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2011 Aker Solutions part of Aker February 2011 Slide 32
Content
Aker Solutions in brief Who we are and what we do
Risk Based Inspection Dynamic optimisation of inspection plans / integrated planning Non-Intrusive Inspection a significant contribution to optimisation
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2011 Aker Solutions part of Aker February 2011 Slide 33Slide 33
Non-Intrusive inspection (NII) Where the RBI identifies internal degradation mechanisms which can be
followed up through periodic inspection, it should be evaluated whether
inspection can be performed non-intrusively Non-Intrusive Inspection means inspection from outside, without breaking
the integrity. Performed during production (or during shut down) Assessment can be performed in accordance with DNV RP-G103, Non-
Intrusive Inspection AkerSolutions have developed a NII screening methodology considering
Technical issues (design / construction data, inspection history etc) HSE issues Business issues (cost benefit evaluations)
Why NII? Reduce need for entering of confined space (safety of personnel) Increase production availability More flexibility in planning of shut down work
NII assessment capabilities will be implemented in AkerSolutions RBI andinspection management software
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2011 Aker Solutions part of Aker February 2011 Slide 34Slide 34
Cost-benefits of Non-Intrusive Inspection: a case study
Date Month 2011 Slide 34
::.
Item Electrostatic coalescer, tag No. XXXX-VJ20001A
Presumptions
andexperience
Entering tank for IVI will be done outside revision stop, while
producing through parallel coalescer In order to secure acceptable water in oil content, the
production is reduced by 3-5000 barrels per day for about 20days
Evaluation IVI implicates an accumulated deferred production of $ 5-10
mill while NII does not affect the production The inspection cost for IVI and NII is about the same ($ 0.22
vs. 0.18 mill) Manpower required for IVI and NII is about the same (4 vs. 5
persons, about 20 days) The risk related to entering the tank is significant wrt.
personnel, and redundancy is lost while performing IVI. Riskrelated to NII is low
Conclusion There is a potential for significant savings, both in terms of riskand production, by implementing NII
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2011 Aker Solutions part of Aker February 2011 Slide 35Slide 35
Risk Based InspectionDynamic optimisation of inspection plans
Extend service life and verify safe operation of an assetby a combination of analysis, monitoring and inspection
A systematic use of available process- and conditionmonitoring data, available technology and Non-IntrusiveInspection in order to give better production availabilitywhile securing acceptable risk
Use integrated planning as a tool to dynamically optimisemaintenance- and inspection plans
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2011 Ak S l ti t f AkF b 2011 Slid 36
CopyrightCopyright of all published material including photographs, drawings and images in this document remains vested in
Aker Solutions and third party contributors as appropriate. Accordingly, neither the whole nor any part of this documentshall be reproduced in any form nor used in any manner without express prior permission and applicableacknowledgements. No trademark, copyright or other notice shall be altered or removed from any reproduction.
Disclaimer This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject torisks and uncertainties that could cause actual results to differ. These statements and this Presentation are based oncurrent expectations, estimates and projections about global economic conditions, the economic conditions of theregions and industries that are major markets for Aker Solutions ASA and Aker Solutions ASAs (including subsidiariesand affiliates) lines of business. These expectations, estimates and projections are generally identifiable by statementscontaining words such as expects, believes, estimates or similar expressions. Important factors that could causeactual results to differ materially from those expectations include, among others, economic and market conditions inthe geographic areas and industries that are or will be major markets for Aker Solutions businesses, oil prices, marketacceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currencyexchange rates and such other factors as may be discussed from time to time in the Presentation. Although AkerSolutions ASA believes that its expectations and the Presentation are based upon reasonable assumptions, it can giveno assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation.
Aker Solutions ASA is making no representation or warranty, expressed or implied, as to the accuracy, reliability orcompleteness of the Presentation, and neither Aker Solutions ASA nor any of its directors, officers or employees will
have any liability to you or any other persons resulting from your use. Aker Solutions consists of many legally independent entities, constituting their own separate identities. Aker Solutionsis used as the common brand or trade mark for most of these entities. In this presentation we may sometimes useAker Solutions, we or us when we refer to Aker Solutions companies in general or where no useful purpose isserved by identifying any particular Aker Solutions company.