Add Energy AIM Blog

My Take on Managing the Cost of Aging Assets

4 August 2020 posted in Asset Life Extension

Managing operational expenditure is a challenge for any asset, but as the age of an asset increases, additional challenges are introduced, and the cost of operational expenditure typically rises. These additional costs are usually driven by equipment failure, obsolescence, and lack of sufficient maintenance.

To help manage the costs of aging assets, maintenance and operational stakeholders need to consider, and invest into proven initiatives that optimise ways of working, increase equipment reliability and assure safety integrity of the facility.

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Tips for extending the life of your asset, to maximise oil recovery

24 February 2020 posted in Asset Life Extension

Extending the life of an asset has become more and more prevalent over the last 5-10 years, as companies strive to maximise oil recovery and future proof existing infrastructure. And there can be huge commercial gain for operators if done effectively and efficiently.  

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