Plant & Asset Reliability Optimization

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.

In the recent decade, the Energy, Industrial, Oil & Gas and Manufacturing industries in Africa have struggled with maintaining asset and operational standards while working with their ageing and obsolete assets. The cost of repair and the challenges of maintaining these assets are sometimes too much for the operators to bear, hence safety and efficiency is sacrificed. This masterclass will help plant managers be equipped with the tools and proven effective strategies that can help them optimise reliability while reducing operational cost.

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:

Top Learning Objectives

Gain a comprehensive understanding how to manage effectively the performance of new and ageing plant, facilities and machineries
Learn the latest techniques in Plant & Asset Risk Management
Develop assessment instrument to improve asset availability
Master the process of developing zero based budgets, focused on reliability improvement of critical equipment
Explore accident data to show the extent of age and its implication to your plant and facility
Discover key ageing mechanisms, including signs and symptoms
Develop a condition assessment plan and utilize the data efficiently
Systematically analyse the type of plant and process most susceptible to these mechanisms and current best practices
Reduce the risk of premature ageing
Optimize ageing equipment to ensure that it stay safe and reliable
Utilize problem-solving techniques of Root Cause Analysis for Root Cause Failure for key assets
Benchmark performance against world class best practices

Who Should Attend?

This three-day workshop is designed for VPs, Heads, Directors, Chiefs, Managers, Superintendents, Team Leaders and Engineers who focus on dealing with integrity of plant and facilities assets such as:

  • Asset Integrity
  • Plant Management
  • Reliability
  • Asset Management
  • Engineering
  • Facilities Management
  • Production
  • Corrosion Management
  • Operations
  • Maintenance
  • Quality Assurance
  • Utilities
  • OHSE
  • Asset Integrity
  • Project Engineering and management
  • Operations
  • Production
  • Process Engineering
  • Inspection

Event Details

25th – 27th September 2020
Kuala Lumpur, Malaysia