Lloyd’s Register develops AllAssets solution for oil and gas plants

oil and gas allassetsEngineering and technology solution provider Lloyd’s Register has developed AllAssets solution for oil and gas plants

According to the company, the users of its asset performance and risk management platform AllAssets will now benefit from a new module called events management.

The module is expected to allow users to create a robust approach for meeting requirements associated with managing NCRs. By closely tracking non-conforming oil and gas assets through to resolution using events management, maintenance and integrity teams gain ultimate transparency over resolution progress and ownership.

This better ensures that events are not only identified but that action is taken before issues become a tangible environmental, economic or safety threat. Further, in keeping with Lloyd's Register’s vision of empowering oil and gas operators to fully manage their risks, users can design the entire process of managing NCRs themselves using our low code approach or leverage Lloyd’s Register’s extensive experience in the area.

The update comes as heavy industry including oil and gas has experienced significant increases in the backlog of safety critical maintenance, compounded by the impact of COVID-19. AllAssets users will now be able to track anomalies and non-conformance from creation, typically identified during inspection activities, through to resolution, helping to drive efficiency, mitigate risk and reduce this backlog.

The features aim to allow multiple users to be assigned to specific steps in the process. They are notified of their requirement to contribute, improving transparency of responsibility and prioritisation of workload. All updates and insights are collated into one place, bringing visibility and shareability to each task and across the organisation as a whole. 

For example, the new functionality will also give users insight into whether the event concerned may be associated with other issues as many events can be allocated to the same observation. Patterns across NCRs can be identified to support the decision-making process and address multiple issues at the same time.

Speaking on the update Victor Borges, head of digital engineering content, Lloyd’s Register, said, “For many years, resolving non-conformance has been an important yet resource-intensive challenge for oil and gas operators, often involving thousands of assets. By introducing elements of automation to this process, we can help to improve the efficiency of inspection and maintenance while also reducing the serious risks associated with non-conformance.”

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