Plant & Asset Reliability Optimization

Plant & Asset Reliability Optimization
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Nov 23, 2015 08:00 AM to
Nov 25, 2015 05:00 PM

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The current economic climate focused on productivity and cost cutting implies that assets will be worked harder, and that limits are to be explored in a safe and structured manner. This situation is already increasing the focus of many asset owners to re-assess their practices regarding asset health and integrity management. In order to get optimal cost effective performance and reliability, owners need to know that their equipment status is known and managed.

Many of the industrial plants currently in operations in Africa are about to reach, or have already surpassed, the life expectancies specified when they were originally designed and built. However, far from becoming obsolete and being discarded or dismantled, they continue to remain very productive for they are still vastly important to the profitability and success of our economy. Nevertheless, in order to ensure that this status quo is maintained well into the future, plant managers must be able to guarantee that they can be kept economically sustainable and safe, as well as profitable.

The issue of ageing plant & facilities, leading to an increased risk of loss of containment and other failures due to plant and equipment deterioration, has been shown to be an important factor in incidents and accidents.

Many companies may wish to operate equipment beyond its original design life or to repair or reuse equipment or to assess fitness-for-service and remnant life, but finds it difficult to achieve the right balance between assuring safety and cost-driven operation. They will benefit from knowledge about the risks and effects of ageing, the recent trends for asset management, and new technologies for maintenance, inspection, assessment and repair.

In addition to considering technological issues, the Workshop will also address softer management, people and competence issues that companies face in keeping equipment under control.
This Workshop will provide targeted information to help plant engineers and operators better understand the issues of ageing plant and to promote best practice for managing ageing assets.

This Workshop will provide targeted information to help plant managers and operators better understand the issues of new and ageing plant and to promote best practice for managing assets.

The identification and management of ageing plant issues in relation to operation efficiency and process safety is recognised in a number of key risk control systems which must be identified and documented in order that they are regularly reviewed and updated. Key elements include:

  • Maintenance Management Systems
  • Asset Management Systems
  • Audit and Inspection regimes
  • Risk Assessment Management Process

Effective management of physical assets is essential to assure required availability and reliability while delivering value over their life. This workshop will give you the tools to develop and manage aging plant and facilities.

“Ageing is not about how old your equipment is; it’s about what you know about its condition, and how that’s changing over time”.

More information about this event…

Lagos, Nigeria
+6565214553
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