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News Advisory

ABS Group to Address Risk Based Inspection, Asset Life Extension at OTC 2016

April 18, 2016

Technical experts from ABS Group will address the topics of Risk Based Inspection (RBI) and Asset Life Extension in a series of technical presentations taking place at booth #2816 (Hall D) on Monday, May 2 through Wednesday, May 4, 2016 at the Offshore Technology Conference (OTC) in Houston, Texas.  

Gareth Burton, Director of Asset Integrity Management for ABS Group, will present an overview of the RBI process, which focuses on optimizing offshore inspections through a risk-based approach used to evaluate the risk, consequences and likelihood of failure.

"By applying RBI techniques, asset owners can target resources where they are required and thus significantly improve operational efficiency and safety," says Tom Nolan, Vice President of Marine and Offshore at ABS Group. "Our presentation is geared toward clients seeking a more proactive solution for enhanced decision-making with the goals of achieving lower life-cycle costs, avoiding unplanned downtime, reducing risk and increasing safety."

As many floating production installations approach the end of their design life expectancy, asset owners and operators are looking for ways to extend these units' onsite service in a safer, more reliable and compliant manner. ABS Group will discuss the methodology it developed for owners to evaluate their assets and determine if these units can continue beyond their intended design lives.

Visit booth #2816 to learn more about ABS Group's comprehensive Technical Inspection and Verification services and Offshore market solutions, including our risk-based method for Asset Integrity Management, which helped an FPSO operator reduce maintenance backlog by 40%. Learn more by reading the Project Profile in ABS Group's Knowledge Center.

 

About ABS Group

ABS Group of Companies, Inc. (www.abs-group.com), which is a wholly owned subsidiary of ABS, one of the world's leading marine and offshore classification societies, provides risk and reliability as well as certification services to a broad range of industries, including marine and offshore, oil, gas and chemical, energy and power generation, pharmaceutical and the government sector among others. Headquartered in Houston, Texas, ABS Group operates with more than 2,000 professionals in over 30 countries in the Americas, Europe, the Middle East and Asia Pacific.

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