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G E N E R A L FA C T S H E E T

Asset life assessment

As operating plants come towards

the end of their design life an asset
life assessment is vital to identify
the investment required to restore
integrity and sustain present
operating performance.

This will allow the plant to meet future production
requirements for the longer term of 10 to 20 years
and provide a focus for both finances and effort.
There is increasing pressure to run assets far
beyond their design life because replacing them is
simply not an option. Before deciding to extend an
assets life operators must prove to themselves and
often their regulators, that the asset is fit and safe
to operate. This can be a difficult hurdle to
overcome.
Once assets run beyond their design life new failure
mechanisms and integrity problems occur that site
personnel may have not previously encountered. In
many cases this can cause production to cease
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Below: Investment
unexpectedly and result in costly emergency repairs
summary. to get the asset back online.
What we offer
ABB can provide an independent detailed
assessment of asset life and the opportunities for
improvement.
The study will cover equipment condition, systems
and practices, competencies and skills. It will
generate a plan for asset life extension, including
future requirements to maintain equipment
integrity and reliability by:
-- Reviewing key issues affecting asset life
-- Determining a view of equipment life based upon
deterioration mechanisms
-- Providing a detailed profile of future investment
required
-- Developing recommended actions to maintain
integrity

5
The study can be tailored to meet your needs;
4
depending on requirements the study can be
focused on an entire production site or on a class of
3
Civil and structural
equipment such as boilers or rotating machines. We
Electrical
$M

Instruments
require initial on site discussions with production
2 Machines and solids handling personnel, followed by a further period of data
Piping collection, analysis and evaluation depending on the
1
Fired equipment
scope. The overall program for these studies is
Vessels
typically 6 months.
0
2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022

Year
 Business Strategy
Long Term Asset Policy
Asset Life Extension Risk Assessment
(? years)
Maintenance
Process Safety Inspection Renewal Resource and
Reliability
Strategy Strategy Strategy Competence Strategy
and TA Strategy
Asset Life Plans
Annual Budgetary
Process
Review
— Once the opportunities for improvement are
Above: ABB's asset
management process. identified ABB can then help in prioritising
— improvements, generating solutions and
Right: Asset health
check review summary. implementing actions. We can project manage the
implementation process and, calling upon the vast
skill set of ABB, can undertake actions ourselves,
giving you a complete solution to your asset
problems.
The asset life assessment follows ABB’s pRIME
philosophy. pRIME (process Reliability and Integrity
Management Excellence) is about the asset and
integrity management improvement journey; it’s
recognising the symptoms, diagnosing the issues,
and implementing improvement / treatment.
The pRIME approach is a consultancy programme
supported by tried, tested, consistent and coherent
methodologies and capability. Following pRIME
means a beneficial, cost effective sustainable
solution. All processes are risk based, ensuring that
effort is concentrated on areas that will give the
highest return. This approach is supported by a
coherent set of IT tools (pRIME Toolkit), providing a
consistent and efficient approach.
Benefits
-- The study ensures resources are focused in the
right areas and provides a basis for ongoing asset
life planning and implementation of risk based
philosophies
-- Production losses can be avoided as any potential
failures are identified before they occur
-- Necessary repairs can be planned and carried out
more effectively and cheaply, saving breakdown
costs and reactive repairs
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State of assets
Maintenance organisation and relationships
Maintenance management
Maintenance methods and planning
Central maintenance and technical support
Inspection management
Turnaround management
Technical documentation
Spare parts management
-- The study can aid in providing justification to the
authorities that the plant is fit and safe to operate
for its extended life
-- The client will gain confidence in the integrity and
availability of the asset through the extended
term. Ensuring that production requirements are
met and allowing safe and reliable operation
without having to invest in a new asset
Why ABB?
ABB offer the complete solution; we can provide the
assessment right through to the implementation of
resulting actions to ensure the asset is fit for its
extended life.
Our experienced specialists will apply their
operational heritage to provide pragmatic advice
and solutions. Each equipment type is studied by
appropriate specialists and is supported by other
functional specialists. The team are fully versed in
the legal requirements for both onshore and
offshore assets.
ABB have conducted over 100 multi functional
studies in many parts of the world and in different
industries. We not only help deliver action plans but
also impart knowledge through knowledge transfer
agreements and may deliver software for ongoing
use by the client.
Integrity management/PRS022a/03/18
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in the subject matter and illustrations
contained therein. Any reproduction,
disclosure to third parties or utilisation of
its contents – in whole or in parts – is
forbidden without prior written consent of
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