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Optimising late life assets

The management and optimisation of ageing assets comes with a unique set of challenges and opportunities.

As production levels decline and budgets come under additional pressure, we adapt your asset strategies and help you to maximise value from late life operations.

Operating model evolution

Our approach evolves to meet the needs of our clients at every stage of the life cycle. Late life operating models typically look very different to those implemented during peak production.

Our approach to decommissioning supports your priorities at every stage

Early engagement reduces costs

With reduced production affecting revenue in the late life phase, we understand that activities which impact safety and integrity, or generate cash, will be prioritised for your asset to remain profitable.

By engaging with us at the earliest stage, we can use our asset knowledge, developed over decades of experience as Duty Holder, to drive early-interventions and cost-effective measures that reduce the eventual cost of removal.

OUR WORK

Late life and decom

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Late life asset optimisation

By working with you to eliminate inefficiencies, we reduce operating costs and safely push out decommissioning liability, through:

• Manpower optimisation, including onshore shared services
• Process optimisation
• Power Management
• Inventory management
• Asset performance monitoring
• Fit-for-purpose maintenance and inspection

Our ultimate aim is to improve economic viability and push out cessation of production (CoP), while preparing for safe and responsible decommissioning.

MARKETS

Breathing new life into ageing assets

The Energy Transition and New Energy sector create opportunities to repurpose and utilise late life assets.

From carbon capture and storage to wind power generation and everything in between, trust Petrofac to maximise the value of your asset, whatever the energy.

Our decommissioning services

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Services

Late life asset management and decommissioning brochure

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Ross Provan

Decommissioning Manager