In today’s volatile market, downstream producers face the daunting challenge of remaining profitable while managing aging assets. With the average refinery in the U.S. and Europe around 40 years old, many facilities are between 50 and 100 years old, making them susceptible to age-related failure mechanisms. This aging infrastructure poses unique risks, especially as CAPEX constraints and margin pressures often render asset replacement uneconomical.
Our white paper delves into the importance of Asset Integrity Management (AIM) as a strategic approach to extend the useful life of existing assets without compromising safety, compliance, or profitability. By implementing reliability-based AIM, operators can gain insights into their assets’ true condition, enabling informed decisions on inspections, maintenance, and interventions.
