Accounting and Finance in Oil and Gas Industry
Next: 16 - 20 Nov 2026 · Paris
Paris, Barcelona, London +4 more
Oil and Gas · OG-067
Asset Management and Reliability in Oil and Gas
Oil and gas companies manage portfolios of high-value, ageing assets in demanding environments. Systematic asset management helps maximise value, control risk and extend…
- Duration5 days
- Next date16 - 20 Nov 2026
- Cities6 cities
- Fee from£2,850
Course overview
Why Attend
Oil and gas companies manage portfolios of high-value, ageing assets in demanding environments. Systematic asset management helps maximise value, control risk and extend asset life.
This LLMI course explains asset management principles and standards, asset strategies, criticality assessment, maintenance optimisation, reliability engineering tools, integrity management, life extension, and performance measurement for oil and gas assets. Participants develop an asset management improvement plan.
The course connects technical reliability practices with business decision-making.
Course Objectives
Apply asset management principles to oil and gas assets
Assess asset criticality and risk
Develop asset and maintenance strategies
Use reliability tools to reduce failures
Plan life extension and investment
Measure asset performance and value
Target Audience
Asset managers
Reliability and maintenance engineers
Integrity engineers
Operations managers
Planning and finance staff
Technical directors
Course Methodology
Framework presentations
Case studies
Criticality workshops
Reliability exercises
Improvement planning
Course outline
-
1Day 1: Asset Management Principles
- Asset management concepts
- Standards and frameworks
- Value and risk
- Organisation and roles
- Maturity
- Exercise: Maturity assessment
-
2Day 2: Criticality and Strategy
- Criticality assessment
- Asset strategies
- Maintenance strategies
- Spares strategy
- Decision-making
- Workshop: Criticality analysis
-
3Day 3: Reliability Engineering
- Failure modes and patterns
- RCM concepts
- Reliability data
- Bad actors
- Root cause analysis
- Exercise: Reliability analysis
-
4Day 4: Integrity and Life Extension
- Integrity management
- Ageing assets
- Life extension
- Investment planning
- Obsolescence
- Case study: Life extension decision
-
5Day 5: Performance and Improvement
- KPIs
- Cost and value
- Digital tools
- Continuous improvement
- Culture
- Capstone: Asset management plan
Dates and fees
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