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Development of strategic asset management planning in the petroleum industry

Development of strategic asset management planning in the petroleum industry PurposeDue to the certain risk carried in offshore petroleum installations, the integrity of these installations needs to be maintained at all times. Thus, asset integrity management (AIM) needs to be formulated and monitored to achieve the integrity objective. The purpose of this paper is to study the practices and progression of strategic AIM planning in the petroleum industry.Design/methodology/approachThe paper is written based on a literature study, observations and data collected from industry practitioners through an online questionnaire and interviews to study the AIM practices in their organization. Validation of the results is performed through respondents’ reviews and cross-referencing with existing literature and supplemental data.FindingsThe paper identifies, analyses and validates the work structure in formulating an AIM strategic plan.Research limitations/implicationsEven though the research focuses on the AIM practices of offshore petroleum installations, the result can be implemented in similar fields.Originality/valueResearchers or practitioners can benefit from the knowledge gained of current practices and the presented work structure in establishing an AIM strategic plan. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Quality in Maintenance Engineering Emerald Publishing

Development of strategic asset management planning in the petroleum industry

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1355-2511
DOI
10.1108/JQME-04-2016-0016
Publisher site
See Article on Publisher Site

Abstract

PurposeDue to the certain risk carried in offshore petroleum installations, the integrity of these installations needs to be maintained at all times. Thus, asset integrity management (AIM) needs to be formulated and monitored to achieve the integrity objective. The purpose of this paper is to study the practices and progression of strategic AIM planning in the petroleum industry.Design/methodology/approachThe paper is written based on a literature study, observations and data collected from industry practitioners through an online questionnaire and interviews to study the AIM practices in their organization. Validation of the results is performed through respondents’ reviews and cross-referencing with existing literature and supplemental data.FindingsThe paper identifies, analyses and validates the work structure in formulating an AIM strategic plan.Research limitations/implicationsEven though the research focuses on the AIM practices of offshore petroleum installations, the result can be implemented in similar fields.Originality/valueResearchers or practitioners can benefit from the knowledge gained of current practices and the presented work structure in establishing an AIM strategic plan.

Journal

Journal of Quality in Maintenance EngineeringEmerald Publishing

Published: May 8, 2017

References