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1

Clarke, M., and K. J. Woolley. "ASSET KNOWLEDGE INTEGRITY MANAGEMENT (ASSET INTEGRITY MANAGEMENT FORTHETHIRD MILLENNIUM)." APPEA Journal 40, no. 1 (2000): 531. http://dx.doi.org/10.1071/aj99033.

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This paper presents a framework for introducing effective knowledge transfer across departments and disciplines at all stages of a project lifecycle, with the aim of improving the process of asset integrity in the Third Millennium.The tools of building a learning organisation are presented as a starting point for promoting a knowledge management culture that recognises that most of the valuable information resides with the people and needs a mechanism for capture.All too often, vital information remains with key people on the job because they simply do not have a means to transfer that knowledge into a system.Asset integrity knowledge management provides a framework to identify the key stages in the life cycle of an asset and how to share and capture knowledge at all stages to lead to significant benefits in managing asset integrity.
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2

Carpenter, Chris. "Remote Monitoring Digitizes Asset-Integrity Management." Journal of Petroleum Technology 73, no. 01 (January 1, 2021): 65–66. http://dx.doi.org/10.2118/0121-0065-jpt.

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This article, written by JPT Technology Editor Chris Carpenter, contains highlights of paper SPE 197168, “Digitalize Asset-Integrity Management by Remote Monitoring,” by Mohamed Sahid, ADNOC, prepared for the 2019 Abu Dhabi International Petroleum Exhibition and Conference, Abu Dhabi, 11-14 November. The paper has not been peer reviewed. Monitoring of corrosion in process pipelines has always been of paramount importance in ensuring plant-asset integrity. Similarly, steam traps play an important role in ensuring steam quality and, thus, the integrity of critical assets in the plant. The complete paper discusses these two aspects of monitoring asset integrity - real-time corrosion monitoring and real-time steam-trap monitoring - as implemented by the operator. The authors highlight the importance of digitization by means of implementing wireless technology and making data available in remote work stations in real time. Real-Time Corrosion-Monitoring System Corrosion coupons and electrical resistance probes are among the most-tried and -tested methods to monitor corrosion, but the authors detail shortcomings of these systems, focusing their efforts on the option of using nonintrusive ultrasonic sensors for corrosion monitoring. Fixed ultrasonic thickness (UT) monitoring systems measure a localized thickness of vessel wall or pipe through the use of sound waves. They are the fastest method to measure wall thickness and wall loss reliably. The wall thickness is calculated from the reflection of the ultrasonic signal at both external and internal surfaces. UT systems normally include a transducer and a pulser/receiver. The type of transducer used for this application is the ultrasonic transducer, which can be either piezoelectric or variable-capacitive. The pulser generates short electric pulses of energy at a constant rate, which are converted by the transducer into short, high-frequency ultrasonic sound pulses. These pulses are then directed into the material. Any discontinuation or impurity in the path of the ultrasonic sound wave will be reflected and received by the transducer, transformed into an electric signal, and amplified by the receiver to be projected onto the display (in the case of portable UT instruments). Depending on the intensity shown on the display, information about the impurity or discontinuity, such as size, orientation, and location, can be derived accurately. The shortcomings of using portable UT sensors have been overcome by the introduction of permanent UT sensors, which provide wall-thickness measurement continuously at one location in real time. Because these sensors remain fixed at one location for years, it is possible to analyze corrosion at a single point over time, thus detecting early corrosion onset. Real-Time UT Gauging. The operator installed the real-time corrosion-monitoring system in its offshore associated gas (OAG) unit. A UK-based vendor provided UT sensors along with data-management and -viewing software to support data interpretation. Twenty locations were identified in various plants of the OAG unit on the basis of criticality and previously recorded corrosion levels.
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Kusumawardhani, Mayang, Rajesh Kumar, and Markeset Tore. "Asset integrity management: offshore installations challenges." Journal of Quality in Maintenance Engineering 22, no. 3 (August 8, 2016): 238–51. http://dx.doi.org/10.1108/jqme-06-2015-0023.

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Purpose – The purpose of this paper is to identify the challenges facing asset integrity management (AIM) practices in the oil and gas industry, in order to continually develop AIM practices in organisations. The focus is to investigate various challenges in fluctuating oil and gas market conditions, and how organisations can continuously ensure the safety and integrity of their offshore facilities. Design/methodology/approach – AIM challenges were identified by analysing data from literature study, guided interviews and web-based questionnaire with industrial experts in regions in North America, Southeast Asia and Norway. The results are validated through triangulation method with both quantitative and qualitative technique, as well as comparison with other studies. Findings – The paper identifies, analyses and validates the challenges and factors that may impact the management of asset integrity on offshore installations. The challenges were discussed to develop understanding of the root cause and thus aim to resolve underlying issues. Research limitations/implications – The paper focuses on offshore production installations with experts from organisations that have experience in Gulf of Mexico, Brazil, South Asia, Southeast Asia and Norway fields. The sample of respondents may not represent the entire population; however, the same approach and result can be used in similar topics and conditions. Originality/value – The identified challenges can be used by organisations to resolve underlying AIM challenges, improve their AIM strategy and obtain insights into current AIM practices in the petroleum industry.
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Ratnayake, R. M. C., and Jayantha P. Liyanage. "Asset integrity management: sustainability in action." International Journal of Sustainable Strategic Management 1, no. 2 (2009): 175. http://dx.doi.org/10.1504/ijssm.2009.022832.

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5

Rucinski, John, and Mark Jarman. "Bureau Veritas' demonstration of asset integrity." APPEA Journal 51, no. 2 (2011): 730. http://dx.doi.org/10.1071/aj10110.

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The innovative paradigm developed by Bureau Veritas has been applied to achieve superior outcomes and benefits for a major oil and gas player. The focus of this innovative approach achieved operational security and risk management for the critical ageing assets. The paradigm and its vital components will become the benchmark for the management and improvement of the performance of ageing assets and serve as a fundamental input to new generation design for oil and gas facilities. Among the key challenges in managing the performance (risk and integrity) of new and ageing assets are the understanding of process safety and critical equipment condition. When discussing with senior management the issues foremost on their minds, Bureau Veritas has found the answer is a common theme—how can I be confident the design of new or existing facilities is fit-for-purpose for the duration of the asset’s life? The integrated approach has brought together the leading concepts/tools in process risk management and prognostic health and reliability engineering. These components include rigorous risk-assessments of the process as well as sensing design based on failure mode consequence effect analysis (FMCEA), data acquisition and processing (real-time monitoring and data fusion), diagnostic and prognostic models and systems for the effective management asset(s). The result of this approach creates a value proposition of financial significance advantage.
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Akruti, Khaled El, Tieling Zhang, and Richard Dwight. "Maintaining pipeline integrity through holistic asset management." European J. of Industrial Engineering 10, no. 5 (2016): 618. http://dx.doi.org/10.1504/ejie.2016.078805.

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7

Koehn, Daryl. "Integrity as a Business Asset." Journal of Business Ethics 58, no. 1-3 (May 2005): 125–36. http://dx.doi.org/10.1007/s10551-005-1391-x.

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8

Boschee, Pam. "Offshore Asset Integrity Management: Advances with New Technologies." Oil and Gas Facilities 1, no. 04 (August 1, 2012): 16–20. http://dx.doi.org/10.2118/0812-0016-ogf.

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9

Bharadwaj, Ujjwal R., Vadim V. Silberschmidt, and John B. Wintle. "A risk based approach to asset integrity management." Journal of Quality in Maintenance Engineering 18, no. 4 (October 19, 2012): 417–31. http://dx.doi.org/10.1108/13552511211281570.

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10

John A, Shibu. "Asset Inspection Management System as a Reliable Inspection/ Monitoring Tool." Materials Evaluation 78, no. 12 (December 1, 2020): 1276–85. http://dx.doi.org/10.32548/2020.me-04125.

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Enterprise asset management (EAM) systems are used by asset owners and/or operators to manage the maintenance of their physical assets. These assets, including equipment, facilities, vehicles, and infrastructure, need maintenance to sustain their operations. An EAM system provides the means to have less unplanned downtime and extended asset longevity, which offers clear business benefits that improve the profit and loss statement and balance sheet. Particularly for capital-intensive industries, like drilling and exploration, the failure of on-time delivery of critical equipment or processes is disruptive and costs nonproductive time and customer satisfaction. Organizations understand these issues and employ an appropriate asset management system to engineer their asset maintenance and management. An EAM system is needed to manage the people, assets/equipment, and processes. EAMs are used to plan, optimize, execute, and track the needed maintenance activities with associated priorities, skills, materials, tools, and information. Similarly, nondestructive testing (NDT) is used as a tool for integrity assessment of assets in drilling and exploration. The main advantage of using NDT is that the item’s intended use or serviceability is not affected. The selection of a specific technique should be based on knowledge and skills that include design, material processing, and material evaluation. Validating the purpose of this paper, we emphasize the importance of optimizing the asset utilization and serviceability to enhance overall efficiency by integrating EAM software that manages assets, the operation management system (OMS) controlling the processes, and asset inspection management systems (AIMSs).
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11

Putrino, Michael A. "Real-time integrity monitoring for oil and gas assets." APPEA Journal 60, no. 2 (2020): 650. http://dx.doi.org/10.1071/aj19100.

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Integrating design and operating envelopes of an asset with live operations data allows operators to see exceedances in real time and precisely understand the health of their asset. This technology is a direct stem of the rapidly growing digitalisation philosophy of many operators, whereby data that have traditionally been locked in PDF documents, Excel spreadsheets and other silos can be digitised, structured and connected to many different end points. For asset integrity monitoring, this means digitising and integrating design envelopes, data historians, enterprise resource planning systems and calculation tools with a unified front-end visualisation, to display what is really happening on an asset. By integrating and visualising these data sources, it is possible to create a single location for monitoring the health of all operator assets and generating reports for continued assessment. Once established, the platform provides a base for deployment of other intelligent toolkits, such as pattern recognition for valve signature monitoring, or predictive modelling for corrosion management over the life of field. This extended abstract uses a case study to discuss the benefits of standardising the visualisation landscape for monitoring the health of assets, the improvements and efficiencies delivered to the integrity monitoring process, the ability to highlight flaws in the design envelopes, and the engineering required to ensure that the right instrument is monitoring the right equipment.
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Chen, Zhang, Yuanlu Liang, Yangyang Wu, and Lijun Sun. "Research on Comprehensive Multi-Infrastructure Optimization in Transportation Asset Management: The Case of Roads and Bridges." Sustainability 11, no. 16 (August 16, 2019): 4430. http://dx.doi.org/10.3390/su11164430.

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Optimization is the core of transportation asset management, but current optimization approaches are still in the stage of single infrastructure management, which seriously hinders the development and application of transportation asset management. This paper establishes a comprehensive multi-infrastructure optimization model for transportation assets consisting of roads and bridges, which is aimed at achieving the goal of transportation asset comfort, integrity, and security, taking budget funds as constraint conditions, and applying the optimization technique of goal programming and integer programming. An interactive fuzzy linear-weighted optimum-order algorithm is presented to solve the comprehensive optimization model. Finally, the comprehensive multi-infrastructure optimization model and algorithm are verified to be effective by practical data in a case study. The results indicate that the model and algorithm can provide a satisfactory and reasonable maintenance and rehabilitation schedule for transportation asset management agencies.
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13

Carydias, Peter, and James Gregory. "Risk-based asset performance management in CSG production operations." APPEA Journal 59, no. 2 (2019): 776. http://dx.doi.org/10.1071/aj18239.

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The coal seam gas (CSG) industry is an asset intensive and highly regulated industry, with each project having a large, complex network of upstream processing facilities. Each major project will drill over 3000 individual wells with around 40000 wells predicted across the Surat and Bowen basins during the lifetime of these projects. This high asset count poses a challenge for upstream oil and gas operators to meet corporate and legislative requirements, maintain asset integrity of the facilities; while delivering leading operational performance and return on investment in this cost-focused environment. In this paper, we propose that the effective management of these CSG assets requires a conscious cross-disciplinary, whole lifecycle focus on value realisation. We explore three ways that CSG operators can successfully achieve this by transitioning to a risk-based, asset performance management led environment: 1. Safe production and regulatory compliance – the geographic spread of CSG facilities poses significant exposure to driving risk when travelling in remote locations. We discuss how CSG operators can leverage existing data to create fit-for-purpose risk-based inspection strategies. 2. Maximising reliability – CSG consists of a complex network of interconnected reservoirs, process facilities and complex demand-side variability. This requires a fluid approach to the allocation of scarce maintenance planning resources. We discuss how CSG operators can use a risk-based approach to achieve an optimised ‘best value’ outcome. 3. Managing supply-chain cost and quality – we explore how CSG operators can deliver a step-change in integrity, cost-of quality and capital efficiency in their supply chain.
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Sheikhalishahi, Mohammad, Maryam Karimi, and Raha Raghebi. "Combinatorial optimization of petrochemical plants by asset integrity management indicators." Process Safety and Environmental Protection 127 (July 2019): 321–28. http://dx.doi.org/10.1016/j.psep.2019.05.017.

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15

Rahim, Yousif, Ingbjørn Refsdal, and Ron S. Kenett. "The 5C model: A new approach to asset integrity management." International Journal of Pressure Vessels and Piping 87, no. 2-3 (February 2010): 88–93. http://dx.doi.org/10.1016/j.ijpvp.2009.12.007.

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16

Chandima Ratnayake, R. M., and T. Markeset. "Asset integrity management for sustainable industrial operations: measuring the performance." International Journal of Sustainable Engineering 5, no. 2 (June 2012): 145–58. http://dx.doi.org/10.1080/19397038.2011.581391.

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17

Pfaffelhuber, M., and J. Kämpfer. "Operational excellence through risk based asset integrity management by BTS." Chemie Ingenieur Technik 81, no. 8 (August 2009): 1111. http://dx.doi.org/10.1002/cite.200990064.

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18

Khalilpasha, Hossein, and Justin Brown. "Minimising pipeline leaks and maximising operational life by application of machine learning at Cooper Basin." APPEA Journal 62, no. 2 (May 13, 2022): S132—S136. http://dx.doi.org/10.1071/aj21060.

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The development of technologies in the last few decades has enabled operators to collect significantly more data than previously possible. Despite availability, making data-driven decisions on asset health, and developing efficient asset management strategies, is not common. This is mainly due to challenges with compilation, and alignment of all the data into a comprehensive picture of pipeline integrity, as it consumes significant resources deploying conventional methods. A critical advantage of modern data storage, analysis and visualisation techniques is the relative ease of performing statistical assessments of integrity data. Analysis of correlated data can be equally challenging as algorithms used can be overly simplistic and inaccurate. Machine learning algorithms parse, analyse and learn from data, enabling the operators to make an educated decision. This has been extensively deployed in other industries such as finance, healthcare and supply chain management but has never been fully developed and enhanced in pipeline integrity industry until very recently. This paper provides an overview of the development in machine learning tools in pipeline integrity, allowing enhancement of asset performance, through the application of machine learning and automation, to predict integrity threats, and prevent leaks and failures. It provides a case study where a tool was developed, and this technique was successfully implemented across a significant number of upstream pipelines in the Cooper Basin, enabling the Santos integrity engineering team to make the most effective decisions on asset condition and to develop a data-driven asset management plan.
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19

Kusumawardhani, Mayang, Markeset Tore, and Rajesh Kumar. "Development of strategic asset management planning in the petroleum industry." Journal of Quality in Maintenance Engineering 23, no. 2 (May 8, 2017): 165–79. http://dx.doi.org/10.1108/jqme-04-2016-0016.

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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.
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20

Noble, R. "INTEGRITY OF BOLTED JOINTS: HYDROCARBON LEAK REDUCTION BY JOINT-INTEGRITY MANAGEMENT." APPEA Journal 46, no. 1 (2006): 603. http://dx.doi.org/10.1071/aj05041.

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Bolted joints are very common in petroleum production facilities. Whereas extensive controls are applied to the production of a welded joint—in terms of material control and specification, control and competence of the welder, and verification of the integrity of the weld—this is not the case for bolted joints. The consequences of failure of a welded joint and a bolted joint, however, are similar and potentially catastrophic if the contents of the pipeline or vessel are hydrocarbons under pressure. This paper discusses the main issues in producing and maintaining a leak-free bolted joint and makes the case for establishing industry-wide standards for the management of bolted joints that are equally as stringent as those applied to welded joints.Implementing such a system, whilst improving and assuring the safety and environmental performance of an asset, will also reduce costs due to rework, product loss, schedule slippage and production downtime.
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Ratnayake, R. M. Chandima. "Modelling of asset integrity management process: a case study for computing operational integrity preference weights." International Journal of Computational Systems Engineering 1, no. 1 (2012): 3. http://dx.doi.org/10.1504/ijcsyse.2012.044738.

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22

Feder, Judy. "JIP Drives New Ways of Managing Integrity of Floating Oil and Gas Assets." Journal of Petroleum Technology 73, no. 04 (April 1, 2021): 37–38. http://dx.doi.org/10.2118/0421-0037-jpt.

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This article, written by JPT Technology Editor Judy Feder, contains highlights of paper OTC 30425, “Innovative Asset-Integrity Management To Drive Operational Effectiveness,” by Danny Constantinis and Peter Davies, EM&I, prepared for the 2020 Offshore Technology Conference Asia, originally scheduled to be held in Kuala Lumpur, Malaysia, 17–19 August. The paper has not been peer reviewed. Copyright 2020 Offshore Technology Conference. Reproduced by permission. While the focus on the growing floating gas industry is firmly on output, the industry needs to ensure safety, compliance, and profitability of high-value, complex, floating gas assets, some of which operate close to high population densities. Effective asset-integrity programs are a key part of such an effort, and it is widely agreed that better use of data and robotics will help reduce unnecessary work and human risk. The complete paper describes a joint industry approach for addressing asset-integrity management challenges that has proved successful for floating production, storage, and offloading vessels (FPSOs). Introduction Managing the integrity of offshore, near-shore, and berthed floating oil and gas assets faces numerous challenges, including the following: - Long service lives - The need to cut operating costs - Varying asset-integrity requirements of marine and process equipment - Growing global demand for gas - Increasing requirement to drive down carbon emissions - The need for enhanced sustainability Traditional cost-reduction strategies of prior lean market periods are no longer accepted by the industry, which the authors say needs to implement permanent cost reductions, increased sustainability and efficiency, and improved safety. These can be achieved only by new ways of managing asset integrity, targeted at consistent low price and efficiencies and developed, supported, and accepted by all sectors of the industry. Role of the Joint Industry Project (JIP) The Hull Inspection Techniques and Strategy (HITS) JIP has encouraged such innovations. The complete paper describes new methods facilitated by HITS that include diverless inspections of hulls and mooring systems and remote, unmanned methods of inspecting confined spaces such as cargo and water ballast tanks. Organizations such as the HITS JIP, whose membership includes oil majors, service providers, classification societies, and regulators, and the FPSO Research Forum, of which HITS is a part, have helped define the direction for improvements in inspecting, maintaining, and repairing floating production assets. These organizations have encouraged the development of new technologies that have improved safety and reduced operational costs. According to the paper’s authors, this direction has also shaped the drilling sector, can do the same for floating liquified natural gas (FLNG) and floating storage and regasification units (FSRU), and could potentially expand into floating renewable-energy-production assets. These and similar concepts are now being taken forward in a floating gas (FloGas) JIP.
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Paneo, Yulnaningsih, Rosman Hato, Abdul Rahman Pakaya, and Ismet Sulila. "The Effect of Understanding Fixed Asset Management and Auditor Integrity towards the Quality of Audit report at Regional Inspectorate of Gorontalo Province." Journal of Community Research and Service 4, no. 2 (January 2, 2021): 86. http://dx.doi.org/10.24114/jcrs.v4i2.17305.

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This research aims to find out The Effect of Understanding Fixed Asset Management and Auditor Integrity towards the Quality of Audit report at Regional Inspectorate of Gorontalo Province partially and simultaneously. Its approach is quantitative, while the method is expost facto. In addition, the research design is causality. The technique of data analysis is multiple regression. The findings reveal that (1) understanding fix asset management influences positively and significantly towards the quality of audit report at Regional Inspectorate of Gorontalo Province with an effect level of 62,60%. The better the understanding of auditor on fixed asset management, the better the quality of audit report Regional Inspectorate of Gorontalo Province. (2) auditor integrity influences positively and significantly towards the quality of audit report at Regional Inspectorate of Gorontalo Province with an effect level of 66,10%. The better the auditor integrity in running the tasks mandated to him/her, the better the quality of audit report at Regional Inspectorate of Gorontalo Province. (3) understanding fixed asset management and auditor integrity simultaneously influence positively and significantly towards dependent variable (the quality of audit report at Regional Inspectorate of Gorontalo Province has determination value of 72,00% while the rest 28,00% can be explained by other variables such as objectivity, audit time pressure, organizational commitment, work loyalty, dysfunctional behavior and technical guidance related to intense and routine investigation.
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Ossai, Chinedu I., Brian Boswell, and Ian J. Davies. "Sustainable asset integrity management: Strategic imperatives for economic renewable energy generation." Renewable Energy 67 (July 2014): 143–52. http://dx.doi.org/10.1016/j.renene.2013.11.024.

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Fuggini, Clemente, Andrea Manfreda, Juan Jesús Álvarez Andrés, Livia Pardi, Ralph Holst, Dionysios A. Bournas, Gian Marco Revel, et al. "Towards a Comprehensive Asset Integrity Management (AIM) Approach for European Infrastructures." Transportation Research Procedia 14 (2016): 4060–69. http://dx.doi.org/10.1016/j.trpro.2016.05.503.

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Qin, Jianjun, and Michael Havbro Faber. "Resilience Informed Integrity Management of Wind Turbine Parks." Energies 12, no. 14 (July 17, 2019): 2729. http://dx.doi.org/10.3390/en12142729.

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A novel framework for resilience modeling of wind turbine parks is proposed in support of optimization of decisions on asset integrity management. The concept of resilience originating from natural and social sciences is adapted here to facilitate the joint optimization of decision alternatives related to design, with decision alternatives addressing organizational performance. The generic probabilistic systems representation framework by the Joint Committee on Structural Safety (JCSS) (2008) is utilized to establish a scenario-based modeling of how different types of disturbances may lead to damages and failures of systems and sub-systems of wind turbine parks, together with associated direct and indirect consequences. Special emphasis is directed on the consistent probabilistic representation of the uncertainties and the stochastic and causal dependencies within the wind turbine park system. The framework facilitates the identification of optimal asset integrity management decision alternatives that fulfill given requirements to resilience. The potentials associated with the use of the framework are highlighted by an example considering a wind turbine park with ten identical wind turbines, with each modelled as a system of mechanical, electrical, and structural sub-systems. The resilience performance characteristics of the wind turbine park, such as the expected value of generated service life benefits, the expected value of production down time, and the probability of resilience failure are modelled and quantified such as to support the ranking of decision alternatives relating to the design of the wind turbine sub-systems, the level of organizational preparedness, the percentage of the generated service life benefits to be kept to ensure sufficient economic capacity to deal with future disturbances, and the stock-keeping of essential spare parts.
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Straub, D., V. Malioka, and M. H. Faber. "A framework for the asset integrity management of large deteriorating concrete structures." Structure and Infrastructure Engineering 5, no. 3 (June 2009): 199–213. http://dx.doi.org/10.1080/15732470601017369.

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Petrick, Joseph A., and John F. Quinn. "Integrity capacity as a strategic asset in achieving organizational excellence." Measuring Business Excellence 5, no. 1 (March 2001): 24–31. http://dx.doi.org/10.1108/13683040110385304.

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Ferreira, Bruno, and Nelson J. G. Carriço. "Urban Water Infrastructure Asset Management Plan: Case Study." Open Engineering 9, no. 1 (October 2, 2019): 459–67. http://dx.doi.org/10.1515/eng-2019-0058.

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AbstractThe current paper aims the application of the Portuguese infrastructure asset management (IAM) methodology to a case study. The inevitable degradation of urban water infrastructures creates new challenges for water utilities engineers and manager, as they need to decide which components should be rehabilitated to efficiently match the public’s demand, while still providing a qualitative and efficient service that doesn’t compromise the financial integrity of water utilities.This methodology is based on a five-step structured sequence - (i) definition of objectives assessment criteria and metrics; (ii) diagnosis; (iii) plan production; (iv) plan implementation; and (v) monitoring and revision – being structured in three distinct levels of planning and decision (i.e., strategic, tactical and operational). The IAM methodology was applied to a sixty-year-old water supply system (WSS) located in Lisbon’s metropolitan area, Portugal, mainly focused on steps (i) to (iii) and to the tactical level of planning. Results obtained are discussed and the main conclusions are presented.
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Tubil, Joseph A., Alexander S. Acosta, Imee C. Acosta, and Eduardo P. Malagapo. "Determinants of Assurance Management System for Critical Asset: A Literature Review." International Journal of Mathematical, Engineering and Management Sciences 6, no. 6 (December 1, 2021): 1667–93. http://dx.doi.org/10.33889/ijmems.2021.6.6.099.

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Several studies found that critical asset failure results in delays and downtimes in operation for most industries. One of the studies revealed that 272 of the 773 occurrences involved a critical asset breakdown. Thus, this study aimed to discuss the relevant factors of implementing the Assurance Management System for the industry's selected critical asset. Literature reviews play a significant role in this research through a content analysis review process from different review articles, google scholar, journals, and other social sciences. The result revealed that increasing the organization's knowledge of the processes and asset criticality in the assurance management system offers a high degree of openness to the activities carried out to ensure continued asset reliability and integrity. Relatively, it shows a clear long-term progress pattern of improved equipment reliability, leading to a significant increase in consumer trust due to introducing a system of reliability assurance management. Indeed, the study recommended that implementing an assurance management system is an integral part of the critical asset as it offers trust that the asset will perform as anticipated. Finally, it is an aid in understanding the asset and its relationship between expected and actual performance and efficiency in using a structured approach of the Assurance Management System for Critical Asset, the AMSCAF Framework. Therefore, industry stakeholders should consider the recommendations and best practices to ensure critical asset management systems need to generate value that maintains a competitive advantage in today's highly complicated and challenging market competition through the Assurance Management System.
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Nafi, Norhazma Binti, and Amrizah Kamaluddin. "Good Governance and Integrity: Academic Institution Perspective." International Journal of Higher Education 8, no. 3 (May 10, 2019): 1. http://dx.doi.org/10.5430/ijhe.v8n3p1.

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Integrity is one of the moral principles related to moral uprightness. Recently, there are a lot of issues discussed regarding the integrity in public sector administration especially in public sector. Currently governance in public administration has been exposed to public criticism due to the governance failure, fraud, corruption and poor internal control. The purpose of the study is to examine the relationship between factors of good governance and the practice of integrity in academic institution. The factors of good governance include ethical leadership, financial resources and asset management. The study was carried out by using questionnaire and simple random sampling was chosen. The questionnaire survey was distributed to 98 academics from two academic institutions in Malaysia. Such sample was chosen since this study was focused on the academic’s perspective on integrity practice in academic institutions and none of the research has been done in term of good governance and integrity in academic institutions Malaysia. This study found that all three factors of good governance which are ethical leadership, financial resources and asset management have significant relationship on integrity practice in academic institution. The findings of this study can assist academic institutions in Malaysia to improve their governance system and also code of ethics in their organization. In order to improve future studies, it is recommended that the data collection made to be more extensive. This can help in observing the variation of practice of good governance and integrity in academic institutions.
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Bartels, Alain, Edward Cripps, Adrian Keating, Ian Milne, Ben Travaglione, and Melinda Hodkiewicz. "Framework for Validation of Permanently Installed MEMS-Based Acquisition Devices Using Soft Sensor Models." CivilEng 1, no. 2 (July 28, 2020): 93–105. http://dx.doi.org/10.3390/civileng1020007.

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Asset integrity and predictive maintenance models require field data for an accurate assessment of an asset’s condition. Historically these data collected periodically in the field by technicians using portable units. The significant investment in inexpensive microelectromechanical (MEMS) sensors mounted on untethered (energy-harvesting or battery-powered) microprocessors communicating wirelessly to the cloud is expected to change the way we collect asset health data. Permanently installed MEMS-based sensing units will enable near-real time data collection and reduce the safety exposure of technicians by eliminating the need to manually collect field data. With hundreds of MEMS-based sensing units expected to be installed at a single site it is vital to assure the data they produce and maintain them cost effectively. An asset management framework for validation of MEMS-based sensing units for condition monitoring and structural integrity (CM&SI) applications is proposed. An integral part of this framework is the proposed use of soft sensor models to replace technician inspections in the field. Soft sensor models are used in the process industry to stabilize product quality and process operations but there are few examples in asset management applications. The contributions of this paper are twofold. Firstly, we use an interdisciplinary approach drawing on electronics, process control, statistics, machine learning, and asset management fields to describe the emerging field of permanently installed MEMS-based sensing units for CM&SI. Secondly, we development a framework for assuring validation of the data these sensing units generate.
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Da Veiga, Maria do Rosário, and Maria Major. "Governance as integrity." Journal of Public Budgeting, Accounting & Financial Management 32, no. 1 (December 24, 2019): 67–91. http://dx.doi.org/10.1108/jpbafm-08-2018-0086.

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Purpose Through a case study on the governance structures of the UN, the purpose of this paper is to develop a critique of Public and Private Bureaucracies Transaction Cost Economics (PPBTCE) (Williamson, 1999) as a theoretical lens to analyze internal oversight structures. Design/methodology/approach The authors explore “probity” and “independence” transactions’ attributes through historical narrative case-based research to answer the question – Why did numerous attempts to strengthen the governance of UN internal oversight structures not relieve “probity” hazards? Findings The analysis shows that at the UN increasing and strengthening the governance of oversight structures, i.e., incentives, did not relieve probity/ethics hazards as predicted in PPBTCE. Secretaries-General and UN General Assembly, entities charged with oversight powers, systematically trumpeted the UN Charter, breaching probity/ethics and disregarding the supervisory independence prerogative of internal oversight structures, hence failing to contribute to the “common good” and to protect the UN mission. Originality/value This paper is the first application of PPBTCE to internal oversight transactions within an International organization context testing probity and independence attributes. The authors find that “independence” outweighs the “asset specificity” attribute whenever decisions on the governance of internal oversight arise. As far as sourcing decisions are concerned, the authority of the sovereign and the independence of the judiciary as well as quasi-judiciary transactions are not transferable attributes and, thus, cannot be contracted along with the actors’ ethics. PPBTCE should be modified to include, e.g. “virtues ethics” behavioral assumption as a transaction costs’ reduction device and explanatory framework for “probity” hazards, abandoning the opportunism behavioral assumption.
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Liu, Min, Jianjun Qin, Da-Gang Lu, Wei-Heng Zhang, Jiang-Sheng Zhu, and Michael Havbro Faber. "Towards resilience of offshore wind farms: A framework and application to asset integrity management." Applied Energy 322 (September 2022): 119429. http://dx.doi.org/10.1016/j.apenergy.2022.119429.

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Vien, Benjamin Steven, Leslie Wong, Thomas Kuen, Frank Courtney, Jayantha Kodikara, and Wing Kong Chiu. "Strain Monitoring Strategy of Deformed Membrane Cover Using Unmanned Aerial Vehicle-Assisted 3D Photogrammetry." Remote Sensing 12, no. 17 (August 24, 2020): 2738. http://dx.doi.org/10.3390/rs12172738.

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Large structures and high-value assets require inspection and integrity assessment methodologies that ensure maximum availability and operational capabilities. Large membranes are used as floating covers at the anaerobic wastewater lagoons of Melbourne Water’s Western Treatment Plant (WTP). A critical function of this high-value asset pertains to the harnessing of the biogas gas generated at these lagoons as well as protecting the environment from the release of odours and greenhouse gases. Therefore, a proactive inspection and efficient management strategy are required to ensure these expensive covers’ integrity and continued operation. Not only is identifying the state of stress on the floating cover crucial for its structural integrity assessment, but the development of rapid and non-contact inspections will significantly assist in determining the “real-life” performance of the cover for superior maintenance management. This study investigates a strain determination method for WTP floating cover which integrates unmanned aerial vehicle (UAV)-assisted photogrammetry with finite element analyses to determine the structural integrity of these covers. Collective aerial images were compiled to form 3D digital models of the deformed cover specimens, which were then employed in computational and statistical analyses to assess and predict the strain of the cover. The findings complement the future implementation of UAV-assisted aerial photogrammetry for structural health assessment of the large floating covers.
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Andi, Andi, Sadiq J. Zarrouk, and Eylem Kaya. "Continuum risk-based asset integrity management system for geothermal steam pipelines: Kamojang Unit 4, Indonesia." Geothermics 96 (November 2021): 102190. http://dx.doi.org/10.1016/j.geothermics.2021.102190.

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Collins, Scott, and Joel Everson. "The next generation of risk-based inspection for coal seam gas wells." APPEA Journal 60, no. 2 (2020): 611. http://dx.doi.org/10.1071/aj19201.

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The coal seam gas (CSG) industry presents some unique mechanical integrity and assurance challenges, in particular: (1) the large well count (thousands), many of which are not identical (in design, process, equipment and layout), and hence have varying inspection requirements; (2) the geographic spread of wells within a field; (3) relying heavily on inspection to confirm equipment condition; (4) significant water and sand production; and (5) rapidly changing process conditions over the life of the well. One particular challenge for many operators is the potential for loss of containment in well-site pressure equipment from very high erosion rates. This, combined with the large asset count, makes physical inspection of each component to ensure equipment condition a challenging and costly task. So, what can a business do to develop an adaptive maintenance strategy to address changing process conditions, allowing them to intervene proactively before a failure occurs and maximising the opportunity to lengthen inspection intervals and reducing inspection costs on low-risk assets? One CSG operator, in conjunction with a leading integrity management service provider, has developed and implemented a dynamic digital twin of the physical condition of their assets by combining live production, monitoring and inspection data, allowing the current and future condition of equipment to be modelled and a risk-based inspection (RBI) strategy that is evergreen and reacts to the changing process conditions. The system built on the NEXUS Integrity Centre platform uses several different predictive models to prioritise assets and components for inspection using live process data and a consistent RBI approach across all static pressure equipment, essentially providing a live digital representation of the current asset condition, the essence of a digital twin. The system provides a prioritised list of assets requiring inspection before the planned maintenance strategy while also highlighting opportunities to extend inspection intervals and thus take advantage of the potential reduction in on-going maintenance costs.
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Suharto, Atta Rizky, and Fatma Lestari. "GAP ANAGAP ANALYSIS ON RISK BASED INSPECTION (RBI) IMPLEMENTATION AT PT. XYZLYSIS ON RISK BASED INSPECTION (RBI) IMPLEMENTATION AT PT. XYZ." PREPOTIF : Jurnal Kesehatan Masyarakat 5, no. 2 (October 12, 2021): 624–34. http://dx.doi.org/10.31004/prepotif.v5i2.1901.

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Risk Based Inspection (RBI) has been implemented mainly in oil and gas industry to manage the risk of aging facilities. The RBI plan has also been introduced for new facilities and become part of the design requirements, making it the right time for PT. XYZ to improve their RBI implementation to support the Facility Risk Integrity Management System. This is a semi-quantitative study on primary data collected through focus group discussion using the RBI evaluation parameters based on API 580, API 581, and field observation and secondary data from previous RBI reports, maintenance program, and inspection program. Finally, an evaluation was conducted to assess whether the RBI management strategy has been integrated to the safety and asset management; inspection, testing, and monitoring; and operation strategies. This gap analysis aims to evaluate the effectiveness of the ongoing RBI implementation at PT. XYZ in general while specifically identify the part of RBI and related Asset Integrity Management already implemented and those that still need further improvement. Results show an overall score of 328 of 470, showing a good implementation of RBI. The largest gaps identified are RBI on specific equipment (score=3.0), documented RBI management policy and strategy (score=3.8), risk target and risk acceptable level (score=4.0), and specific damage mechanism components (score=5.3).
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Botto, Adriana, Céline Banti, and Enda O'Sullivan. "Unbonded flexible pipe integrity management, reuse and life extension." APPEA Journal 48, no. 1 (2008): 319. http://dx.doi.org/10.1071/aj07021.

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Australia has a long tradition of innovation in the use of floating production systems in the past 20 years. The classical solution adopts unbonded flexible pipe, a key technology, to enable floating facilities to produce in relatively shallow waters. While unbonded flexible pipe is a reliable technology that has been in use for approximately 30 years, damage, and ultimately failure can occur during its early (i.e. during manufacturing/testing, installation and early operation) and later life. Accurate assessments of the historical records of flexible pipe usage have led to an increased understanding of the potential failure mechanisms. This enables mitigation of incidents by developing operating strategies and procedures to manage the flexible pipe in a knowledgeable and cost effective manner. This paper discusses the available techniques for the inspecting and monitoring requirements of flexible pipe, including consideration of the value offered by conventional general visual inspection (GVI) techniques. Examples of developed alternative technologies are discussed, as well as how these alternatives can reduce the requirement for GVI when supplemented with an integrated integrity management strategy. Furthermore, given the advances in understanding of complex flexible pipe inter-layer behaviour, this paper demonstrates that through proper asset management, flexible pipe technology service life can be extended beyond the original design value. Similarly, flexible pipe that had previously been considered damaged and requiring early replacement can be justified for extension to beyond the original design life. Consideration has also been given to the potential for the re-use of flexible pipes and the hazards which can arise from this activity including recovery, storage, testing and installation. The key stages required to safely manage this process have been outlined.
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Trihatmoko, R. Agus, and Y. Sri Susilo. "The Concept of Indonesia Raya Incorporated Conforms the Constitution of Economics: Studies of Grounded Theory on State Asset Ownership Management." Business and Economic Research 8, no. 1 (January 4, 2018): 136. http://dx.doi.org/10.5296/ber.v8i1.12421.

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The phenomenon regarding the emersion of the idea of Indonesia Raya Incorporated (IRI) is interesting to be thereferences in economic policy studies.This study aim to reveal and interpret the management of state asset ownership as a proposal on the IRI approach. This research used qualitative method, designed with grounded theory approach and constructivism philosophy. Data collection was obtained from the results of Focus Group Discussion (FGD) of economists from various universities. The results reveal that: (1) The gap on state asset ownership by state-owned enterprises(BUMN), regional government-owned enterprises(BUMD) and private sectoras a result of economic liberalization is the antecedent of the emergence of the idea about IRI; (2) IRI encourages changes in the legislation for new economic policies; (3) The new economic policy,in form of IRI eliminates the gap in state asset ownership by BUMN, BUMD and private sector; (4) The gap on state asset ownership by BUMN, BUMD, and private sector will determine the prospects of society welfare level and economic sovereignty, and finally lead to the integrity of the Unitary State of the Republic of Indonesia. It is generally concluded that IRI whichis proposed in the management of state asset ownership has fulfilled the economic constitution.
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Correa, Otavio Carneiro, Jorge Luis Seleme Mariano, Fulvio Faria Silva, and Marcos Cesar Gritti. "Using Digital Twin and Artificial Intelligence for asset integrity management: a smart tool for decision makers." Rio Oil and Gas Expo and Conference 20, no. 2020 (December 1, 2020): 429–30. http://dx.doi.org/10.48072/2525-7579.rog.2020.429.

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Tang, Yang, Jiaxin Yao, Guorong Wang, Zhidong Zhang, Yufa He, and Jiajia Jing. "Risk Identification and Quantitative Evaluation Method for Asset Integrity Management of Offshore Platform Equipment and Facilities." Mathematical Problems in Engineering 2019 (April 22, 2019): 1–14. http://dx.doi.org/10.1155/2019/1915842.

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Asset Integrity Management (AIM) technology has been rapidly developed and applied so that it has become a main management technology of offshore platform equipment and facilities. Risk identification and quantitative evaluation method is one of the core contents in the AIM. However, most of the existing methods are qualitative analysis results, simple analysis process, and strong subjectivity, which can no longer meet the development of AIM technology system. By analyzing disadvantages and shortcomings of the existing methods and adapting to the technology requirements of the AIM, a Streamline Failure Mode Effects and Criticality Analysis (SFMECA) was presented to achieve risk identification and quantitative evaluation based on the traditional FMECA and Borda scoring method. Taking a truss crane as a case study, feasibility and operability of the SFMECA were verified effectively with obtaining a detailed and complete analysis worksheet. Compared with their analysis process and worksheet, it was more specific, more comprehensive, and more operable by applying the SFMECA than the traditional FMECA. Moreover, in the SFMECA, failure risk was divided into four categories in detail and quantified separately to better distinguish and evaluate failure effect. Then a comprehensive quantitative evaluation method of four risks was carried out and risk knots in risk priority number (RPN) were obviously reduced, which help to develop more accurate risk management measures. Independent evaluation mechanism of multiple experts or teams is adopted in the SFMECA to make the analysis and evaluation results more objective. So the worksheet obtained through the SFMECA contains more quantitative data, comprehensive information, and objective results, which can better meet technical system of the AIM. Therefore, application of the SFMECA can provide technical support for extension and application of the AIM technology, including risk quantitative analysis, maintenance decision, and integrity evaluation, for offshore platform equipment and facilities.
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Bamakan, Seyed Mojtaba Hosseini, and Mohammad Dehghanimohammadabadi. "A Weighted Monte Carlo Simulation Approach to Risk Assessment of Information Security Management System." International Journal of Enterprise Information Systems 11, no. 4 (October 2015): 63–78. http://dx.doi.org/10.4018/ijeis.2015100103.

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In recent decades, information has become a critical asset to various organizations, hence identifying and preventing the loss of information are becoming competitive advantages for firms. Many international standards have been developed to help organizations to maintain their competitiveness by applying risk assessment and information security management system and keep risk level as low as possible. This study aims to propose a new quantitative risk analysis and assessment methodology which is based on AHP and Monte Carlo simulation. In this method, AHP is used to create favorable weights for Confidentiality, Integrity and Availability (CIA) as security characteristic of any information asset. To deal with the uncertain nature of vulnerabilities and threats, Monte Carlo simulation is utilized to handle the stochastic nature of risk assessment by taking into account multiple judges' opinions. The proposed methodology is suitable for organizations that require risk analysis to implement ISO/IEC 27001 standard.
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Carpenter, Chris. "Subsurface Characterization, Monitoring Play Role in Development of Gas-Storage Facilities." Journal of Petroleum Technology 74, no. 04 (April 1, 2022): 55–57. http://dx.doi.org/10.2118/0422-0055-jpt.

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This article, written by JPT Technology Editor Chris Carpenter, contains highlights of paper SPE 204787, “The Importance of Subsurface Characterization and Monitoring During Development and Operation of Underground Gas-Storage Facilities,” by Romain Guises, Emmanuel Auger, and Sanjeev Bordoloi, SPE, Baker Hughes, et al. The paper has not been peer reviewed. The complete paper describes an integrated subsurface characterization and monitoring approach not only for the construction of underground gas storage (UGS) but also for safe and efficient operation over many decades. Close integration of subsurface understanding with optimization of surface facilities is a critical factor in ensuring optimal UGS performance and deliverability. Another important task of the final phase of UGS facilities design involves enablement of sustainable operation through an asset-integrity-management plan. Importance of Integrated Subsurface Characterization and Monitoring The work flows developed to aid integrated subsurface characterization and monitoring play a critical role. These work flows can be grouped as follows: - Capacity (the potential of the storage site to ensure optimal working capacity) - Deliverability (the ability of the wells and associated infrastructure to ensure the delivery of the gas from the surface into the reservoir and vice versa) - Integrity (including reservoir and well integrity with overall asset safety and surface infrastructures) The element that connects these work flows and ensures collaboration between different work groups and technical disciplines is the 4D dynamic geomechanical model.
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Altuhhov, Olga, Raimundas Matulevičius, and Naved Ahmed. "An Extension of Business Process Model and Notation for Security Risk Management." International Journal of Information System Modeling and Design 4, no. 4 (October 2013): 93–113. http://dx.doi.org/10.4018/ijismd.2013100105.

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Business process modelling is one of the major aspects in the modern information system development. Recently business process model and notation (BPMN) has become a standard technique to support this activity. Typically the BPMN notations are used to understand enterprise's business processes. However, limited work exists regarding how security concerns are addressed during the management of the business processes. This is a problem, since both business processes and security should be understood in parallel to support a development of the secure information systems. In the previous work we have analysed BPMN with respect to the domain model of the IS security risk management (ISSRM) and showed how the language constructs could be aligned to the concepts of the ISSRM domain model. In this paper the authors propose the BPMN extensions for security risk management based on the BPMN alignment to the ISSRM concepts. We illustrate how the extended BPMN could express assets, risks and risk treatment on few running examples related to the Internet store regarding the asset confidentiality, integrity and availability. Our proposal would allow system analysts to understand how to develop security requirements to secure important assets defined through business processes. The paper opens the possibility for business and security model interoperability and the model transformation between several modelling approaches (if these both are aligned to the ISSRM domain model).
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Lillerovde, Egil, Bill Sullivan, and Arvind Chetty. "Risk-based coating maintenance: an integrated program." APPEA Journal 51, no. 2 (2011): 728. http://dx.doi.org/10.1071/aj10108.

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The integration of a cost-effective coating management plan into an asset integrity system is essential in ensuring asset longevity. The success of any corrosion management program relies on condition monitoring and quality auditing. Monitoring activities also contribute to maintenance plan feedback ensuring continuous improvement in corrosion management activities. It is recognised that there are many ways to organise and operate successful corrosion management programs, each of which is asset specific and depends on factors such as: Design. Stage in the life cycle. Process conditions. Operational history. AGR defines corrosion management as: “…the part of the overall management system that is concerned with the development, implementation, review and maintenance of the corrosion policy.” AGR corrosion management programs use a combination of risk-based Inspection technologies and traditional restorative maintenance activities. SOLVTM, a unique product from AGR Field Operations, is used for the management of fabric maintenance (surface coatings, insulation, passive fire protection, pipe and cable penetrations).Long-term plans: 5-year plans or longer based on client requirements. Prioritising areas and recommended maintenance intervals. Cost estimates and scope of work. Estimated condition development. Application: Treatment of component surfaces (coatings). Passive fire protection. Quality control. The benefits of the SOLVTM concept can be summarised as: Information regarding condition of maintenance objects. Preparation of fixed price maintenance plan and workpacks. Condition control through survey and audit. Cost control via quantified scope. Maintenance budget inputs for 5-year plan. Documented cost savings of 20–50 % have been realised where SOLVTM has been introduced and been used for long-term corrosion management.
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Agomuoh, Augustine E., Chinwuba V. Ossia, and Frankline O. Chukwuma. "Asset Integrity Management in Mitigating Oil and Gas Pipeline Vandalism in the Niger Delta Region—Deep Burial Solution." World Journal of Engineering and Technology 09, no. 03 (2021): 565–78. http://dx.doi.org/10.4236/wjet.2021.93039.

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48

Dadkhah, Mehdi, and Shahaboddin Shamshirband. "An Introduction to Remote Installation Vulnerability in Content Management Systems." International Journal of Secure Software Engineering 6, no. 4 (October 2015): 52–63. http://dx.doi.org/10.4018/ijsse.2015100103.

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Web-based applications are being increasingly used to share data and remote access. These applications form an integral part of the financial, education, and government sectors in most countries. The most important issue in web-based applications is maintaining basic principles of security: integrity, confidentiality and availability. Many web vulnerabilities have been identified and should be always considered by web-based applications developers and security professionals. Lack of vigilance in attending to these vulnerabilities may result in the software system being attacked by hackers and the most important asset of an organization, i.e., protected data, being compromised. This paper identifies a new type of web susceptibility termed remote installation vulnerability (RIV) which renders content management systems (CMS) and websites exploitable to cyber-attacks. A simple strategy is recommended to address this vulnerability.
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Hollett, Douglas W., and Craig N. Phasey. "Digitalisation as a critical tool in resource asset valuations, acquisitions and dispositions." APPEA Journal 59, no. 2 (2019): 609. http://dx.doi.org/10.1071/aj18252.

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Digital twins and digital ‘solutions’ have become increasingly common in recent years, as companies recognise the benefit of greater visibility and control into their operations. When built and implemented properly, a digital twin (DT) offers the potential for significant cost savings, coupled with attractive add-on value in safety, operational integrity and predictive maintenance, all of which can also result in increased production. DTs are also critical for effective portfolio management, in allowing a full understanding of asset or field value, upside, and long-term potential. By identifying areas for optimisation, a DT can help the operator prioritise investment, and accurately understand which assets to keep or monetise. Through building DTs for operating properties, Nova Systems and PTC have gained a deep understanding of the upside potential inherent in the technology. This also means that DT technology can be invaluable in asset acquisitions. During merger and acquisition (M&A) analysis, a company typically looks for technical, operational and financial leverage which can unlock potential not seen by the current owner. These can be commercial (commodity contract, price deck and agreements), technical (e.g. engineering approach and models, and subsurface), operating synergies (common services, facilities and duplication) and digital solutions. While most companies utilise traditional and tested approaches to asset valuation, new digital solutions offer the opportunity for break-out higher valuations which can drive an entirely new approach to M&A growth. In today’s competitive marketplace, the company with an innovative digital solutions skillset will have the advantage.
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Carpenter, Chris. "Artificial-Intelligence and Machine-Learning Technique for Corrosion Mapping." Journal of Petroleum Technology 74, no. 01 (January 1, 2022): 99–102. http://dx.doi.org/10.2118/0122-0099-jpt.

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This article, written by JPT Technology Editor Chris Carpenter, contains highlights of paper SPE 202801, “Automated Corrosion Mapping AI and Machine Learning,” by Marc Majors and Travis Harrington, Occidental, and Eric Ferguson, Abyss Solutions, et al. The paper has not been peer reviewed. The complete paper discusses risk reduction and increased fabric-maintenance (FM) efficiency using artificial-intelligence (AI) and machine-learning (ML) algorithms to analyze full-facility imagery for atmospheric corrosion detection and classification. With this tool, a comprehensive and objective analysis of a facility’s health is achievable in a matter of weeks from the time of data collection. This application of AI and ML is a novel approach aimed at gaining a comprehensive understanding of facility-coating integrity and external corrosion threats. Introduction Atmospheric corrosion is the most-significant asset-integrity threat in the Gulf of Mexico (GOM). Offshore facilities require constant inspection and FM—and the significant financial obligation of these activities—to stay ahead of rapid equipment degradation. In general, regulatory codes in the GOM require a visual inspection of pressure equipment and piping on a 5-year frequency at minimum. A common approach is to inspect 20% of the facility per year, with a rolling 5-year inspection plan, to balance the inspection work through time. As a result, in a 5-year inspection cycle, the owner or operator of the facility will not see the condition of the piping or equipment for the 4 years between inspection cycles. Considering the complexity, high areas, overwater, and other difficult-to-inspect areas, gathering data for inspection can be costly and time-consuming and can yield a variable quality of results. An effective asset-integrity program requires full visibility of asset and equipment condition. Prioritizing areas for nondestructive examination (NDE) on high-consequence equipment and piping allows for effective risk reduction and FM planning. To that end, AI and ML are being harnessed to detect, classify, quantify, and report the condition of piping and equipment in the GOM.
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