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Asset Life Extension

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As maturing oil and gas field facilities approach or exceed their original design life, late field life management is critical to their continued safe and profitable operation.

Genesis draws on the expertise of its experienced engineers and specialist consultants across the globe to assist asset owners and new entrants to understand the status of existing systems and develop solutions to maximise the potential of their facilities.

Our key service areas relating to Late Field Life Operations/Extension are: 

  • Review of integrity status and performing system health checks 

  • Facilities life extension studies including development of supporting inspection and maintenance strategies  

  • End of field life strategy and asset redevelopment  

  • Production efficiency improvement and reliability/availability analysis 

  • Bespoke fitness for service assessments (i.e. API 579) 

  • “Right sizing” existing infrastructure for future, lower, throughput 

  • Review of redundant equipment and minimising associated Operational Expenditure (OPEX) 

  • Obsolescence management 

  • Safety critical elements/performance standards review 

  • Asset audits and reviews focusing on performance improvement, environmental compliance, integrity management and risk/vulnerabilities management.