August 2019

Maintenance and Reliability

Asset life assessment: A strategic reliability tool for the process industries

Asset life assessment (ALA) has become a strategic tool for process plants (e.g., petrochemical, chemical, and oil and gas) to determine the extent of degradation and the ability of assets to bear static and dynamic loads while sustaining the desired production processes.

Pyne, T., Reliability and Asset Strategy Specialist

Asset life assessment (ALA) has become a strategic tool for process plants (e.g., petrochemical, chemical, and oil and gas) to determine the extent of degradation and the ability of assets to bear static and dynamic loads while sustaining the desired production processes. ALA is also commonly referred to as remaining life assessment (RLA), with a slight variation from ALA in the coverage of assets and the depth of analysis features in the testing techniques applied. A balance exists between an ever-increasing demand for plant reliability and availability, and the continuous degradation and aging of machinery influencing direct and indirect costs in every stage of a production process. Due t

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