Asset integrity and assurance

Ensuring the integrity of our operating assets

We’re committed to designing, building and operating assets that are safe, reliable and meet or exceed their specified purpose.

Key to this is our Asset Integrity Framework, which enables us to take a structured and consistent approach to integrity across all Group operations. As we often operate ageing assets, it’s particularly important for Petrofac to take a rigorous approach to asset integrity management.

In 2017, we were responsible for managing and ensuring the integrity of a total of 21 operating assets. The number of assets varies throughout the year, as new assets come on stream and others transition out. We also seek to apply these asset integrity principles across the wider Group services to clients in support of their operations.

Consistent and rigorous processes

Every month, each of our operating assets is obliged to report against 20 key performance indicators, which are derived from the UK Health and Safety Executive’s guidance on Developing Process Safety Indicators. These comprise:

  • Lagging indicators – relating to the physical condition of our assets and the status of their respective maintenance programmes
  • Leading indicators – relating to the quality of our management processes and the degree of compliance with our Asset Integrity Management Policy

Drawing on this data, an asset integrity dashboard is published monthly and distributed to more than 100 people across the Group. Additionally, our Asset Integrity Review Board, consisting of senior representatives from each operating asset, holds monthly meetings to review performance, discuss integrity issues and receive challenge and support from their counterparts.

Continuous improvement

We continue to review and enhance our approach to asset integrity and assurance. Developments in 2017 included:

  • Revitalising our design integrity assurance programme – we enhanced the level of reporting to the Quarterly Asset Integrity Review Board, to provide information to senior executive management
  • Implementing an offshore structures survey programme – we performed a systematic review of all Petrofac-operated offshore structures, established a better understanding of risks, and developed improvement programmes
  • Increasing the awareness of asset integrity across the Group – we extended our ‘Did you know?’ initiative of education on asset integrity, and distributed several new asset integrity-related articles and videos on our Group intranet

Objectives for 2018 include:

  • Enhancing the management of safety critical elements during construction and commissioning activities
  • Working to improve consistent and effective assurance in support of ISO management system certification
  • Reinforcing integrity reviews in advance of signing new contracts to support the management of risks in new operations and ventures

Asset integrity services

Our experience and expertise in asset integrity management means we can offer tailored services to a wide range of clients.

Find out more about our client approach to Asset Integrity Assurance and how we help businesses manage their asset lifecycles.

In Petrofac, Asset Integrity is strongly recognised, promoted and managed as the partner to our drive for safety. We assure plant and equipment is fit for purpose through good processes and competent people, minimising the likelihood of major accidents.

Ian Wright, Head of Integrity Assurance

Policy

Read our Asset Integrity policy

Our Framework helps us to take a structured and consistent approach to asset integrity across all our operations