The Looming Uncertainty of Aging Offshore Assets

 

Subsea infrastructure and the offshore rigs they are connected to are complex mechanical ecosystems. They must be efficient and reliable, but first and foremost they must ensure the safety of those who operate on and with them each day.

The rigs of today look much like they did a generation ago, and there has been little reason for fundamental change in that time. However, assets depreciate over time, and at different rates. This uncertainty over the integrity and health of this equipment has some in the oil and gas industry asking what should be done to replace or repair aging assets.

“There is a lot of equipment that’s been put out that had a design life for maybe 30 years, that is either fast approaching or is already past its life,” Southwest Research Institute Program Director Joe Crouch said. “So, we’re at a point now where we need to start understanding whether we can keep it and safely operate it. To some degree that aging infrastructure is a safety question mark.”

At OTC 2019 in Houston, Texas, this topic was discussed at length and potential solutions were offered. One encouraging development was the increase in predictive maintenance sensors and automated monitoring of equipment.

“With sensor technology where it is, we’re able to gather information, and with the computer power that we’ve got we’re now able to capture that data and process the data so we get a true picture of the current state of that equipment and we can monitor it throughout its life,” Stress Engineering Vice President Terry Lechinger said.

Emerging technology, and the data it gathers while in use, could usher in a new era of safety into the offshore drilling industry. Ultimately it will be up to humans to figure out how to put this data into use effectively.

Read more from OTC here.

Make sure to submit your updates from the show to publications@marketscale.com or tweet to @EnergyMKSL

Follow us on social media for the latest updates in B2B!

Image

Latest

Listen Carefully, Respond Creatively
April 12, 2024

In this captivating episode of the Fans First series, Jesse Cole, the mastermind behind the Savannah Bananas, delves into the transformative business philosophy of “listen carefully, respond creatively.” This approach has not only skyrocketed the Savannah Bananas to fame but also serves as a universal blueprint for revolutionizing customer service and engagement across all sectors. […]

Read More
Stacey Childress, Senior Advisor at McKinsey and Company, discusses higher ed
Bold Measures are Needed to Improve Investment in Higher Education
April 12, 2024

The stakes for higher education have never been higher as the educational landscape sees rapid evolution. As universities and colleges grapple with the dual challenges of technological disruption and increasing demands for accessible, quality education, the question of how best to implement investment in higher education becomes a priority. This debate has been ignited […]

Read More
wake up healthy
Hey, it’s 9 am… Wake up Healthy with 9amHealth!
April 12, 2024

Healthcare Rethink host Brian Urban explores ways to wake up healthy and stay healthy with his guest, Dr. Avantika Waring, MD, the Chief Medical Officer, at 9amHealth. This episode delves into the transformative approach to healthcare delivery championed by 9amHealth. Dr. Waring’s journey from a humanities student with a love for French to a […]

Read More
public safety and security
Strengthen Public Safety and Security: Modernize Radio Communication for Better Field Response
April 11, 2024

The importance of radio communication within public safety and security operations remains unbeaten in an era dominated by digital transformation. This medium, essential for over a century, continues to be the lifeline for responders on the front lines. From ensuring the safety of field agents to facilitating real-time critical information flow and enhancing situational […]

Read More