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

How Parenting led to Professional Growth: Thom Singer’s Success Journey
October 8, 2024

In today’s ever-evolving conversation around gender roles and work-life balance, the idea of stay-at-home fathers is gaining traction. According to Pew Research, the number of stay-at-home dads has doubled in the past two decades. In a society where career often takes precedence over caregiving, more fathers are rethinking their roles in the family….

Read More
Next-Level Gaming: The Future of Immersive Experiences
Next-Level Gaming: The Future of Immersive Experiences
October 8, 2024

The gaming industry is evolving rapidly, driven by technological advancements and strategic partnerships that enhance the gaming immersive experience. On the latest episode of The Edge & Beyond podcast, Michelle Dawn Mooney is joined by Camilo Dennis, Gaming Partner & Ecosystem Manager at Intel, alongside Keith Watt, Global Product Sales Manager, and Craig Stapleton, Product…

Read More
John Register
Through the Storm with Paralympic Medalist John Register
October 8, 2024

Since childhood, sports have been John Register’s passion. A born athlete, he began swimming competitively at a young age, and soon added baseball, football and eventually track and field to his repertoire. After high school, John earned a scholarship to the University of Arkansas, where he became a four-time All-American — once in the…

Read More
live sports
Why Live Sports Dominate Streaming and Audio Is Thriving with Sports Talk Radio Host Ari Temkin
October 7, 2024

Live sports have become the last stronghold for traditional media in an era dominated by streaming platforms. Companies like Netflix and Amazon are now investing billions in securing rights to live sports events, recognizing that sports are one of the few content types that demand real-time viewership. With 70% of Americans identifying as sports…

Read More