Lloyd’s Register Energy forms end of field life services group

Offshore staff

LONDON Lloyd’s Register Energy has launched a new service focused on assets at late life stage and those nearing the end of production.

The new service aims to help operators maximize economic recovery and reduce costs by eliminating unnecessary inspection and maintenance activities.

In a marketplace of tighter margins, identifying where best to concentrate inspection, maintenance, and other core operational activities is a critical success factor for operators, said Lloyd’s Register.

“Thanks to successful asset life extension (ALE) studies and the application of asset management methodologies along with advances in technology, assets and fields have successfully produced well beyond their original design life”, says Ken Bruce, SVP Asset Integrity Services, Lloyd’s Register Energy.

“But there comes a time when operators must consider the viability and profitability of their assets as they move from extended production to late life and cessation of production.”


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...