Oil Services Company delivers paper at Middle East's premier oil and gas conference

Abu Dhabi, 31 October 2010: PSN Emirates, a joint venture between PSN (Production Services Network) and Mubadala Petroleum Services Company, is delivering a technical paper at ADIPEC 2010 to discuss the importance of managing the risks associated with asset integrity and life extension.

PSN Emirates, headquartered in Abu Dhabi, is a specialist provider of operations and maintenance contracting services to the upstream and downstream oil and gas industry. Focussing on onshore and offshore brownfield production, services include detailed engineering; procurement; construction management; conceptual and Front End Engineering Design (FEED); project management; turnaround engineering and hook-up, commissioning and start-up management.

The paper titled: 'Extending Life of Fixed Offshore Installations through Integrity Management: A structural overview' considers how operators can extend the life of their offshore assets without compromising the integrity, reliability, productivity and most importantly the safety of assets.

Dr Mohammad Nabavian, global chief engineer of PSN's Advanced Integrity Group (AIG) and the structural technical authority for a number of offshore platforms around the world is presenting the paper.

He explained why integrity management is so important to the success of an asset life extension programme, especially in today's climate:

"KP4 - the next stage in the UK Health and Safety Executive's Ageing & Life Extension Inspection Programme - has recently increased the profile and importance of structural integrity management across our industry. Operators assets in the UKCS are now subject to a greater level of scrutiny and this will undoubtedly have a ripple effect, putting pressure on operators around the world to take responsibility for managing the risks associated with asset integrity and life extension.

"Operators are keen to increase the value of their assets, many of which are well into, or currently exceed, their original design life. A robust Structural Integrity Management System (SIM) is therefore now seen as a function of critical importance to ensure continued production and to aid the provision of a safe working environment offshore."

Dr Nabavian explained that there are currently more than 6,700 platforms in operation around the world and of that, an average of 30% have been in operation for more than 20 years. With many of these facilities operating beyond their original design life and more oil and gas discoveries being made, it's become imperative for operators to extend the working life of their offshore assets.

The PSN Emirates' paper addresses and discusses the challenges of managing asset integrity and focuses on strategies to extend asset life, while reducing operating costs, boosting production and ensuring profitability.

PSN Emirates is part of the PSN network of 8500 skilled personnel working across 28 countries. Taking a customer partnership approach to oil and gas service delivery, PSN Emirates is bringing global industry experience in the execution of integrated service contracts to the Middle East market.

David Clark, PSN Emirates CEO explained:

"The operating model of PSN Emirates is still relatively new to Abu Dhabi but advanced technical experience, like that being outlined in our presentation at ADIPEC, can help improve our customer's revenue and operational performance by increasing the reliability of their equipment, extending the life of their asset and optimising facility uptime. This integrated service capability enables us to better understand the challenges and opportunities that our clients face and deliver a service that will increase the short and long term value of our customer's assets.

"Our global experience working across five continents on a wide range of assets and in many challenging and harsh operating environments, underlines the value of technical expertise delivered through a long term relationship, where business goals are fully aligned and performance in transparent."

PSN is a global provider of engineering, construction, operations, maintenance, project management and hook up and commissioning services, primarily to the oil and gas sector. These services optimise the operational performance and extend the field life of customers' assets.

PSN Emirates is presenting the paper, 'Extending Life of Fixed Offshore Installations through Integrity Management: A structural overview', at ADIPEC 2010 on Wednesday, November 3. Session 21, Capital Suite 5,  ADNEC.

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PSN Emirates
PSN Emirates is a joint venture between PSN and Mubadala Development Company through the Mubadala Petroleum Services Company entity.  The joint venture was established in March 2008. PSN Emirates combines Mubadala's talent for generating economic value with PSN's global oil and gas expertise to deliver a wide range of integrated services to the region's oil and gas industry

We provide project management expertise, built on experience of challenging regions like the North Sea, to increase customer's revenue by increasing reliability of their equipment, optimising facility uptime, increasing safety performance of both mature and new facilities for the upstream and downstream oil and gas industry.

Our services include engineering, procurement, construction, Front End Engineering Design (FEED), project management, turnaround management, operations and maintenance.

Mubadala Petroleum Services Company

  • A 100% Mubadala owned subsidiary

  • Activities focus on enhancing and broadening the Emirate's petroleum products and services offering by investing in locally based, profitable, strategic and commercial ventures with superior manufacturers and service providers

  • Developing a broad range of manufacturing, product and services ventures

  • Has two key joint ventures:
    PSN Emirates - a venture that provides a Brownfield service and extensive facilities, operations & maintenance services

  • Petrofac Emirates - a venture that provides onshore EPC services

Mubadala Oil & Gas
A business unit within Mubadala that pursues acquisition, exploration and development opportunities in the Middle East, North and West Africa, and Central and Southeast Asia. Its portfolio of assets include Pearl Energy, a wholly-owned subsidiary of Mubadala that operates in four Southeast Asian countries, and exploration and production activities in Algeria, Libya and Oman. Current net working interest production from its participating interests in Dolphin Energy, the Mukhaizna field and Pearl Energy is approximately 266,000 barrels of oil equivalent per day (BOEPD).

Mubadala Development Company
Mubadala Development Company (Mubadala) is a catalyst for the economic diversification of Abu Dhabi.  Established and owned by the Government of Abu Dhabi, the company's strategy is built on the creation of partnerships and on long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate of Abu Dhabi, and that contribute to the growth and diversification of its economy.

Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include aerospace, energy, healthcare, information communications and technology, infrastructure, real estate and hospitality, and services ventures.  For more information about Mubadala please visit http://www.mubadala.ae.

Production Services Network (PSN)
PSN is a global energy company that provides specialist engineering, construction, operations, maintenance, project management and decommissioning services to the owners of energy assets around the world.  PSN is one of the top ten largest private Scottish companies, has a turnover of over $1.2billion, with an order book worth more than $3.1billion and work secured to 2014. http://www.psnworld.com/media-centre/fast-facts.aspx

 

© Press Release 2010