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Press Release

Advanced Asset Integrity Management Solution - ABS Group Continues Innovation in Offshore Markets

May 6, 2015

ABS Group continues innovation in offshore markets.

(Houston) ABS Group has announced the release of a new offshore Asset Integrity Management (AIM) service focused on driving operational reliability, efficiency and profitability for asset owners and operators.

The AIM services are delivered by a newly dedicated offshore business division using a pragmatic Return on Investment (ROI) centric approach. The unique and proprietary AIM methodology and tools, which include specific offerings from strategic partner American Bureau of Shipping, provide companies with the possibility and resources to improve production uptime while simultaneously reducing OPEX costs. These AIM services and tools address Structural and Mechanical Integrity, Risk Based Inspection, Equipment Reliability, Maintenance programs and Control System Integrity as part of an integrated management framework.

"The needs of our clients are at the core of this development, and our focus on ROI demonstrates how our services can positively impact performance in the short, medium and long term," said ABS Group Offshore Senior Vice President Rob MacArthur. "The reaction from the market has been extremely positive and illustrates ABS Group’s ability to provide client-focused solutions tied to our customers' business objectives."

These projects begin with a comprehensive AIM assessment that is designed for customers to assess the true condition of their assets and provide an ROI justified roadmap for sequential implementation of best practice AIM systems, processes, programs and methods. This methodology is based on the highly successful ABS Group Enterprise Asset Management framework being applied in solutions with customers across asset intensive industries. MacArthur added, "For an international offshore operator, our AIM assessment was used to streamline operations, reducing their maintenance department backlog hours by 40% through the implementation of a streamlined maintenance and scheduling plan."

"This is an important milestone for ABS Group," ABS Group CEO Todd Grove said. "The approach, and the strategic alliance with American Bureau of Shipping, demonstrates our ability to support class services and apply performance-improving and risk mitigation services. We are confident that our diverse understanding of the global offshore markets, and our experienced and dedicated employees will help to improve performance, reliability and mitigate risk for our offshore clients."

 

About ABS Group

ABS Group of Companies, Inc. (www.abs-group.com), through its operating subsidiaries, provides a range of technical solutions to support the safety and reliability of high-performance assets and operations in the marine; offshore; oil, gas and chemical; power; and government sectors. Headquartered in Houston, Texas, ABS Group operates with more than 2,000 professionals in over 30 countries. ABS Group is a subsidiary of ABS, a leading marine and offshore classification society.

Genesis Technology Solutions, Inc. (GenesisSolutions), a wholly owned subsidiary of ABS Group, provides best-in-class maintenance and asset management to the world’s most sophisticated industrial organizations. GenesisSolutions creates operational and financial advantages for its customers by identifying and implementing measures that enhance asset reliability and increase capacity, while reducing maintenance costs and extending capital asset lifecycles. Visit www.genesissolutions.com for more information.

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