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Development of strategic asset management planning in the petroleum industry

Mayang Kusumawardhani (Department of Mechanical and Structural Engineering and Materials Science, University of Stavanger, Stavenger, Norway) (Trancergy AS, Stavanger, Norway)
Markeset Tore (Department of Industrial Economics, Risk Management and Planning, University of Stavanger, Stavenger, Norway) (Department of Engineering and Safety, University of Tromsø, Tromsø, Norway)
Rajesh Kumar (University of Stavanger, Stavenger, Norway)

Journal of Quality in Maintenance Engineering

ISSN: 1355-2511

Article publication date: 8 May 2017

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Abstract

Purpose

Due 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/approach

The 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.

Findings

The paper identifies, analyses and validates the work structure in formulating an AIM strategic plan.

Research limitations/implications

Even though the research focuses on the AIM practices of offshore petroleum installations, the result can be implemented in similar fields.

Originality/value

Researchers or practitioners can benefit from the knowledge gained of current practices and the presented work structure in establishing an AIM strategic plan.

Keywords

Citation

Kusumawardhani, M., Tore, M. and Kumar, R. (2017), "Development of strategic asset management planning in the petroleum industry", Journal of Quality in Maintenance Engineering, Vol. 23 No. 2, pp. 165-179. https://doi.org/10.1108/JQME-04-2016-0016

Publisher

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Emerald Publishing Limited

Copyright © 2017, Emerald Publishing Limited