Production Facility Life Extension

VISION

Improve the lifetime and value contribution of petroleum facilities while assuring safety for people, environment and assets.

At any given time, we should be able to look at any facility and immediat understand:

• Its current and future state
• Its remaining useful life
• Its top HIGH risks

We will create a step change in industry's ability to predict 

OBJECTIVES

• Manage ageing facilities and extend field life
• Improve safety, operations and asset integrety 
• Contribute to increasing the value potential

STRATEGY

• Collaborative environment between oil and gas operating companies and six R&D partners
• 100 % industry governed
• A basis for innovation and development to make step change
• Bringing R&D and innovation products to the market
• International cooperation with leading R&D units worldwide