In the history of the company, I think that Ivara will look at it’s latest release of its software as a significant milestone, adding Asset Integrity and Risk Management capabilities to it’s fully featured Asset Performance Management software solution.
EXP 6.1 delivers a complete platform for Integrity, Process, Corrosion and Inspection Engineers to work together to ensure the safety and integrity of pressure assets such as piping and vessels. The software is based on the American Petroleum Institute recommended practice, API 580 for Risk-Based Inspections, to conduct consistent and structured risk analyses as well as develop inspection programs aligned with risk.
EXP 6.1 provides a integrated RBI program for corrosion monitoring loops and corrosion circuits ensuring the safety and integrity of assets such as pipeworks, vessels and process systems primarily in the oil, gas and petrochemical industries. The module includes a plant asset register, risk based assessment and prioritization of failure modes, inspection planning and work package definition, inspection results storage/tracking/analysis, Integrity Operating Window parameters and excursion tracking as well as inspection interval updating, system audit, and a quality improvement process.
Sophisticated risk analysis tools evaluate probability of failure, as well as economic, health and safety, and environmental consequences of failure using direct assignment, simple, or detailed questionnaires. Ivara’s methodology is flexible in providing qualitative and semi-quantitative evaluations for determining the risk assessment. Risk results are used along with the confidence assessment and inspection factor to calculate the next inspection date; and corrosion rate calculates estimated remaining life. Risk analysis results are used to identify the type and frequency of the next asset integrity activity required.
This added functionality shows the robust nature of the Ivara EXP Enterprise software platform and the innovative capabilities of its designers. Key to success was developing the software with the support and guidance of customers, in particular, a large multi-national oil and gas leader.The software will help companies in the Oil, Gas & PetroChemical industries to demonstrate compliance with regulatory requirements. Ivara customers can at a glance provide required proof for regulators that their production assets are safe to operate.
Ivara is presenting an Asset Reliability and Integrity Strategy web workshop on this topic on Feb. 16 at 11 am. Register here to attend. https://www1.gotomeeting.com/register/571224793