This presentation looks at how to get the most from your assets in a low oil price environment

1. Working together
for a safer world
Lloyd’s Register EnergyMaximising the value of late life operations in a low oil price environment
How technology and innovation drive optimisation AND safety.
Rebecca Allison- Product Development Manager / Asset Integrity Services

2. Lloyd’s Register Energy
Agenda
Key Questions
The Way Forward
Factors Effecting Late Life Operations
Current Challenges
Late Life Requirements
Areas to Consider

3. Lloyd’s Register Energy
Factors Effecting Late Life Operations
Accumulating
or
Accelerating
damage
Modifications Obsolescence
Changes of
process & / or
well
conditions
Advances in
knowledge
and
technology
Organisational
issues / loss of
corporate
knowledge

4. Lloyd’s Register Energy
Symptoms of Late Life
Gas
Deficient
Loss of
Power
Scaling &
Corrosion
Blocked
Drains
• Unplanned
Shutdowns
• Integrity
Activities
• OPEX Costs
Increased

5. Lloyd’s Register Energy
Current Challenges
Mature
Basin
Integrity
Issues
Increased
OPEX
Decline in
Production
Offshore
Inefficiency
High
Lifting
Costs

6. Lloyd’s Register Energy
Operational Requirements
Safety and
operability of
the asset is
retained
Prediction on
the level of
investment
required
Optimisation of
maintenance
and inspection
intervals,
activities and
costs
Legislation,
industry
standards and
client
guidelines

7. Lloyd’s Register Energy
Late Life Management - Key Questions
1. How do we introduce
efficiencies?
2. How can we help each
other?
3. How do we make mature
assets sustainable?

8. Lloyd’s Register Energy
ANTHONY J. D'ANGELO

9. Lloyd’s Register Energy
Late Life Management – Key Elements
Source: Oil & Gas UK: Guidance on the Management of Ageing & Life Extension

10. Lloyd’s Register Energy
The Way Forward

11. Lloyd’s Register Energy
Summary
• Integrity Management has to increase/improve in some areas
and change focus in others.
• Criteria such as CoP, age of asset, commercial and risk
criteria has an influence on the strategies.
• There is no generic model for a strategy of transition from
operations to decommissioning.
• Data Management is key.

12. Lloyd’s Register and variants of it are trading names of Lloyd’s Register Group Limited, its subsidiaries and affiliates.
Copyright © Lloyd’s Register Energy Drilling. 2014. A member of the Lloyd’s Register group.
Rebecca Allison
Product Development Manager / Asset Integrity Services
Aberdeen
T +44 (0)1224 247446 / +44 (0)7816 066329
rebecca.allison@lr.org
Working together
for a safer world