LONDON – Lloyd’s Register Energy and MaxGrip have formed a new alliance to improve risk-based inspection and maintenance software. The new alliance says the software provides oil and gas operators better visibility on risk-based monitoring to improve safety, equipment integrity, and operational reliability with uptime equipment gains of at least 20%.
The collaboration leverages Lloyd’s Register Energy’s integrity engineering and RBI experience with MaxGrip’s expertise in software development and its strEAM+ framework – which offers a unique software solution that directly embeds into an enterprise’s asset management application, IBM Maximo, SAP, and INFOR EAM.
The software, strEAM+ RBI, embeds with IBM Maximo to optimize inspection and maintenance schedules, and which achieves cost savings of up to 50% for inspection and maintenance of assets while reducing operational risk, the companies say. It helps customers to increase uptime equipment availability by at least 20%, avoiding failures by creating an understanding of predicable and non-predictable failure modes.