As many of the assets in the oil and gas industry today are nearing the end of their originally intended design life, asset life extension has become an increasingly attractive option to avoid decommissioning assets, which is a costly and logistically complicated process. However, there are several challenges in relation to hazard management that requires a number of key factors to be effectively managed. It is not always about the age, it’s about the condition, and the impact over time.
In a recent article published in World Pipelines Coatings & Corrosion, our asset life expert lays out a step-by-step guide to the formal life extension process.
Read the full article, entitled ‘The Stepping Stones to Life Extension’, by following this link.
Related Insights

“My disability does not define my capacity.” Our People – Valeria
For several years, Penspen has been a proud supporter of Youth Building the Future, a program established by the Government of Mexico’s Ministry of Labor and Social Security to offer young people...

EIC Survive & Thrive Report 2025
The Energy Industries Council (EIC), the UK’s leading trade association for the energy supply chain, has published its 2025 Survive & Thrive Report. As one of 135 member companies featured and...

Challenges and Considerations for Hydrogen Integration in Natural Gas Pipeline Networks: A Comparative Screening Methodology
The global transition to hydrogen is accelerating, and repurposing existing natural gas pipelines is a critical step towards a low-carbon future. However, ensuring the feasibility, safety, and...

Overcoming the Challenges in Implementing a Risk-Based Inspection (RBI) Program
Risk Based Inspection (RBI) is a risk assessment and management process that focuses on loss of containment of pressurised equipment in processing and refining facilities, due to applicable damage...